Thursday, January 12, 2023

Indices closed UP .34% to .64%...NICE !!!

 Indices closed UP.

S&P 500 @ 3983.17, high 3997.76, low 3937.56

RSI @ 59.26

CMF @ 0.093

Internals were :

UP volume led by 3.07 to 1 in NYSE & 2.56 to 1 in Nasdaq

Advancing stocks led by 3.75 to 1 in NYSE & 2.50 to 1 in Nasdaq

Net new highs were leading by 95 in NYSE & 113 in Nasdaq

VIX Down 10.72% @ 18.83

Oil @ $78.39

Gold @ $1898.80

Canadian $ @ .6617

Portfolio ARKK LSPD MGM SOL

Stocks which were UP 2% or more included ARKK SOL

GOOS DAL AAL UAL SAVE NCLH CCL RCL RIOT

COIN MRVL CNX APA RUN FSLR SEDG MOS

AFRM CRM M X BYD TSM BMBL WYNN 

QCOM LAC CLF MSTR AMD DKNG LYFT

UBER PENN BA BYND NVDA TWLO 

META CMG....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed near high of the day as yield went south against wishes and jaw boning of Fed officials. Russell 2000 was the strongest and is looking most healthy technically speaking. Internals were positive and VIX closed @ lowest level in a while. Market is overbought and may regroup & catch its breadth.

BLOG does NOT give buy or sell.

Saleem

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