Monday, August 28, 2023

Indices closed UP .62% to .84%....NICE !!!!

 Indices closed higher near high of the day.

S&P 500 @ 4433.31, high 4439.56, low 4414.98

RSI @ 48.59

Internals were :

UP volume led by 4.25 to 1 in NYSE & 1.43 to 1 in Nasdaq

Advancing stocks led by 3.18 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new highs were leading by 32 in NYSE & lows by 105 in Nasdaq

VIX Down 3.83% @ 15.08

Oil @ $80.10

Gold @ $1946.80

Canadian $ @ .6398

Portfolio AI NVDA PLTR SHOP TSLA BTCC

Today was a low volume day. Do not discount a dull day as long as we keep making progress. This week PCE & Jobs report will keep many in fearful mode BUT @ the end of the week, I expect this week to be productive for bulls & patient traders.

BLOG does NOT give buy or sell.

Saleem

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