Friday, January 6, 2023

Indices closed UP 2.13% to 2.56%...NICE !!!

 Indices closed up despite hotter than expected jobs report, wage inflation was .1% lower than expected which fueled this rally. Even TSLA & AAPL closed in green. TSLA reduced prices in China which prompted a new low before rallying.

S&P 500 @ 3895.08, high 3906.19, low 3809.56

RSI @ 51.61

CMF @ 0.015

Internals were :

UP volume led by 7.12 to 1 in NYSE & 2.04 to 1 in Nasdaq

Advancing stocks led by 6.69 to 1 in NYSE & 2.56 to 1 in Nasdaq

Net new highs were leading by 44 in NYSE & 32 in Nasdaq

VIX Down 5.92% @ 21.13

Oil @ $73.77

Gold @ $1869.70

Canadian $ @ .6545

Stocks which were UP 4% or more included MGM SOL

JKS CSIQ FSLR AMAT MRVL MOS CCJ TECK SQ

CRM X CNQ MGNI FCX CLF ZM ELF TER ASML

NVDA LRCX OLED CIEN MA OSTK....

Here is my portfolio weighting :

ARKK       60.14%

MGM        23.07%

LSPD       11.36%

SOL          5.43%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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