Thursday, March 16, 2023

Indices closed UP 1.17% to 2.48%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3960.28, high 3964.46, low 3864.11

RSI @ 48.00

CMF @ -0.004

Internals were :

UP volume led by 3.05 to 1 in NYSE & 2.86 to 1 in Nasdaq

Advancing stocks led by 2.80 to 1 in NYSE & 1.95 to 1 in Nasdaq

Net new lows were leading by 180 in NYSE & 232 in Nasdaq

VIX Down 12.05% @ 22.99

Oil @ $68.35

Gold @ $1923.00

Canadian $ @ .6233

Portfolio ARKK AI SHOP

Stocks which closed UP 3% or more included ARKK AI

COIN TTD GOOS MRVL RBLX PDD RIOT AMAT

MU TSM ROKU RCL QCOM QRVO SWKS MSTR

DASH BIDU PINS AMD INTC MSFT PANW LYFT

PENN DOCU ZI CRWD TER NVDA META LRCX

AMZN GOOG OLED SNAP OXY....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ high of the day despite ongoing banking woes. Almost $250 billion was borrowed by banks from Fed window vs $4 Billion previous week, a sure sign of funding shortfall in US banks. Most sector participated in Today's rally which Is very encouraging. Banking issues may have been discounted by market. Nasdaq remained strongest by a factor of 2.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold BMEA @ 15.30 to take profits

Stocktrader

Stocks100 said...


Hi Stocktrader,

Profit is good$$$

Good luck with next pick!!!

Saleem