Thursday, February 2, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4179.76, high 4195.44, low 4141.88

RSI @ 69.14

CMF @ 0.273

Internals were :

UP volume led by 1.81 to 1 in NYSE & 4.06 to 1 in Nasdaq

Advancing stocks 2.29 to 1 in NYSE & 2.55 to 1 in Nasdaq

Net new highs were leading by 253 in NYSE & 172 in Nasdaq

VIX UP 4.81% @ 18.73..new 52 wk low today 17.06

Oil @ $75.88

Gold @ $1930.80

Canadian $ @ .6679

In my portfolio :

Sold 40% ARKK @ $44.60

Added 30% LSPD @ $22.69

Added LCID @ $12.38, @ $12.30

Portfolio ARKK LCID LSPD MGM SOL

Stocks which closed UP 3% or more included ARKK SOL

EXAS UAL NCLH SHOP RIOT MRVL SNAP RUN

CCL AMAT AFRM PYPL SQ COIN JBLU ROKU 

MSTR DASH PINS AMD SNOW MSFT DOCU

ZI CRWD UBER DDOG ELF BYND META

AMZN GOOG JWN RH BROS...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ new high in this major runup, Nasdaq was the superstar. Internals were strong, volume was high. After hour AAPL, GOOG & AMZN all disappointed with less than expected earnings, this IS taking a huge toll on Nasdaq Futures. Tomorrow @ 830 AM it IS all about jobs report and wage inflation, IF contained, then we may be able to offset earning miss to some extent.

BLOG does NOT give buy or sell.

Saleem


No comments: