Monday, January 13, 2020

Indices closed UP .29% to 1.04%....NICE !!!!

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:

stocktrader_1996 said...

Hi Saleem,

Good luck with the clean slate and new ideas!

Stocktrader