Indices closed down.
S&P 500 @ 2948.51, low 2938.57, high 2978.50
RSI @ 57.25
CMF @ 0.004
Internals were :
Down volume led by 1.16 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks were leading by 1.01 to 1 in NYSE & 1.40 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq
VIX UP 5.50% @ 29.53
Oil @ $34.66
Gold @ $1721.90
Canadian $ @ .6047
Portfolio AAL APA CNX MGM SU TLRY SPCE
Stocks which were UP 1% or more included TLRY
CCL CGC CRON ABBV CLDR EAT KRA ELF
NCLH LULU TWLO TSLA UAL NTNX CHK
ULTA NKE M.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE opened green but it was down hill until close, we closed near low of the day. Pot stocks made incredible gains during the day and continued surging after hours. Most earnings report after hours were greeted with thumbs UP which means we may close UP on Friday.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Good Morning All,
Market swing continues. One day up and another day down.
Sold LUV @ 28.90
Sold PS @ 22.10 to take profits - Had a great run.
Added BLPH at 14.81
Thanks
Paramjeet
Hi Paramjeet,
Good luck with more BLPH....
Booking profit always works....
Saleem
Hi Paramjeet,
Amazing run on PS! I was excited about coming into the new year, but after listening to some calls, I wasn't convinced on their ultimate profitability prospects, but that's too long term for what's happening in the market at the moment.
My other beginning year play was PSNL - I shouldn't have sold out so quickly on the initial rebound...
Stocktrader
Hi Stocktrader,
PSNL is in my ticker too. Sold sometime back around 11s. I am looking to get in on a pullback.
Your comments on a few particularly AVYA, ELF (see today), ELY, BHVN, PS, PLAN, KRA were right on.
I am balancing the portfolio to include few stable names, a few growth stocks and 30% speculative ones. No more ETFs now. Eventually, once macro-economics situation get a bit clear, will move towards more towards Large/Mid caps stable stocks.
Thanks
Paramjeet
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