Wednesday, January 11, 2023

Indices closed UP .80% to 1.76%...NICE !!!

 Indices closed UP.

S&P 500 @ 3969.61, high 3970.07, low 3928.54

RSI @ 58.16

CMF @ 0.031

Internals were :

UP volume led by 2.82 to 1 in NYSE & 4.24 to 1 in Nasdaq

Advancing stocks led by 3.78 to 1 in NYSE & 2.22 to 1 in Nasdaq

Net new highs were leading by 79 in NYSE & 98 in Nasdaq

VIX UP 2.48% @ 21.09

Oil @ $77.41

Gold @ $1878.90

Canadian $ @ .6575

Portfolio ARKK LSPD MGM SOL

Stocks which were UP 3% or more included ARKK SOL

GOOS EXAS JKS RUN ENPH SEDG SPWR UAL 

MRVL HST AFRM GE M ROKU BMBL SWKS

LAC PINS MSFT LYFT ZI DDOG BYND 

TSLA AMZN GOOG EXPE JWN BROS OSTK...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed @ its high of the day and have & are ready to cross a major technical resistance, a task which was declared impossible by majority of chartist. Internals were positive, most sectors participated in this breakout. Tomorrow it is all about CPI @ 830 AM, expectation is 6.5% for December year over year, I believe we should beat this easily.

BLOG does NOT give buy or sell.

Saleem


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