Indices closed UP.
S&P 500 @ 3192.52, high 3198.22, low 3191.03
RSI @ 71.29
CMF @ 0.215
Internals were :
UP volume led by 1.38 to 1 in NYSE & 1.28 to 1 in Nasdaq
Advancing stocks led by 1.59 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new 52 wk highs were leading by 302 in NYSE & 186 in Nasdaq
VIX UP 1.24% @ 12.29
Oil @ $60.94
Gold @ $1480.60
Stocks which were UP 1% or more included LSCC MOMO
NVDA BYND TSM JKS IQ LRCX AMZN AAL CGC
PRNB AMAT FFIV NFLX OLED CSIQ WYNN GS
MGA SINA ULTA CMG X M CNX.....
AH news....ASLN UP 20.17%, CYTK UP 8.22%
FDX Down 6.79%....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE closed green today and S&P 500 made a brand new all time high. Internals remained strong. Wednesday may be dominated by "tweet storm " as politicians get ready to battle impeachment charges. Any weakness is a buying opportunity.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteSold PTON @ 33.09 to take profits again
There's a short report coming this afternoon so I wanted to wait and see how the stocks reacts before holding a position longer.
Stocktrader
Hi Saleem,
ReplyDeleteBought PSNL @ 10.02
With the lockup expiration out of the way, along with the tax-loss selling, I like the setup into next year.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with PSNL....
Good idea to lock profits$$$$$
Saleem
Hi Saleem,
ReplyDeleteSold CSTL @ 27.65
This is a wickedly volatile stock for often no reason. I don't have a proper long term thesis based on these valuations, so I'll move to the sidelines for what was merely a year-end trade idea.
Stocktrader
Hi Saleem,
ReplyDeleteBought LK @ 31.04
I'll try my hand at this up-and-coming challenger to Starbucks in China. Short interest is very high.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with LK....
Saleem