Tuesday, December 19, 2023

Indices closed UP .59% to 1.94%...NICE !!!

 Indices are on fire making new highs & getting very close to taking out "all time highs " DOW has already done so.

S&P 500 @ 4768.37, high 4768.69, low 4743.72

RSI @ 82.18

Internals were :

UP volume led by 1.04 to 1 in NYSE & .98 to 1 in Nasdaq

Advancing stocks led by 1.44 to 1 in NYSE & 1.21 to 1 in Nasdaq

Net new highs were leading by 161 in NYSE & 43 in Nasdaq

VIX down .24% @ 12.53

Oil @ $73.44

Gold @ $2052.90

Canadian $ @ .6654

Portfolio CNQ LSPD SOFI GDXJ ABX.TO META MSFT NVDA MUX

We are watching year end rush into equities with a side order of short covering.

BLOG does NOT give buy or sell.

Saleem

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