Friday, December 1, 2023

Indices closed UP .55% to 2.96%...NICE !!!

 Indices rocketed UP as treasury yield tumbled to 4.20% area. Russell 2000 had one of the best bullish action.

S&P 500 @ 4594.63, high 4599.39, low 4554.71

RSI @ 73.44

Internals were :

UP volume led by 6.58 to 1 in NYSE & 3.72 to 1 in Nasdaq

Advancing stocks led by 5.93 to 1 in NYSE & 3.32 to 1 in Nasdaq

Net new highs were leading by 305 in NYSE & 62 in Nasdaq

VIX Down 2.24% @ 12.63

Oil @ $74.07

Gold @ $2089.70

Canadian $ @ .6501

Here is my portfolio weighting :

AI           29.52%

NVDA    18.62%

PLTR     14.85%

CNQ      10.81%

GDXJ     8.79%

META     6.42%

MSFT     5.97%

LSPD     3.27%

SOFI      1.75%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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