Indices closed UP.
S&P 500 @ 3288.13, high 3288.13, low 3268.43
RSI @ 71.53
CMF @ 0.152
Internals were :
UP volume led by 2.11 to 1 in NYSE & 2.03 to 1 in Nasdaq
Advancing stocks led by 2.40 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leasing by 417 in NYSE & 246 in Nasdaq
VIX Down 1.91% @ 12.32
Oil @ $58.08
Gold @ $1550.60
Stocks which were UP 3% included LSCC MOMO MRVL NIO
AMRN LK NVDA BYND WB TLRY SPWR TWLO TSLA
LULU NIU ROKU CGC CRON SNAP SINA ULTA
SWKS....
AH news....GME Down 9.76%
In my portfolio all in AH :
Sold CLDR @ $11.97
Sold MU @ $57.47
Sold TWTR @ $32.73
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE closed @ absolute high of the day, S&P 500 & Nasdaq closed @ new all time high. I have sold everything and in 100% cash, reason being too much euphoria and many news may be priced in. Too much justification for stretched valuation of many stocks, that really forced me to wait for a better entry where risk / reward ratio is more acceptable for my swing trading format.
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Good luck with the clean slate and new ideas!
Stocktrader
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