Indices closed mixed.
S&P 500 @ 3115.34, high 3120.00, low 3093.51
RSI @ 56.99
CMF @ 0.171
Internals were :
Down volume led by 1.11 to 1 in NYSE & .50 to 1 in Nasdaq
Declining stocks led by 1.36 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk highs were leading by 54 in NYSE & 105 in Nasdaq
VIX Down 1.58% @ 32.94
Oil @ $38.84
Gold @ $1731.10
Canadian $ @ .6402
In my portfolio...all in early pre market
Sold CIEN @ $53.63
Added 40% AAL @ $16.40
Added 80% CCL @ $17.68
Portfolio AAL CCL CNX MGM SU
Stocks which closed green included GOOS SHOP ROKU
APA MTCH GAN ZM CRWD ESTC DDOG TLRY
ENPH PINS NVAX SEDG ELF TWLO YY ORCL
MSFT......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed mixed with Nasdaq marching towards new all time highs, Nasdaq is leading while other indices / index should follow. This TAPE has surprised many skeptics who have loved shorting in the past, this market has not rewarded puts / short position except on rare bout of profit taking. Staying long with conviction and patience is the key, have a strategy which is more like swing trading to optimize profit.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Guys,
Happy Friday !!
Bought ONEM @ 33.01
Bought ICD @ 4.61
Sold BHVN @ 73.75
Sold 30% HEPA @ 2.64 to book profits
Paramjeet
Hi Paramjeet,
BHVN was definitely overbought - nice sell!
Good luck with the new positions.
Stocktrader
Hey guys.
Interesting numbers in the weekly survey:
https://www.aaii.com/sentimentsurvey
Stocktrader
Hi Stocktrader & Paramjeet,
Paramjeet good luck with ONEM ICD
Stocktrader...20% bull and 50% bear great contrary number!
Saleem
Hey guys,
Closing print volume on just the last tick for DKNG = 14,789,252, wow!
Stocktrader
Hi Guys,
Sold CLVS @ 7.13
Sold CGC @ 17.16
Bought a small portion in OVID @7.45
Bought TRUE @ 2.88 - Retail numbers are improving. Stock is way-undervalued.
Bought 30% more PS @ 16.66. PS has a roller coaster ride in the last 15 min. Some dumped heavy causing the stock to drop all the way from 17+ to 16.50.. Stock recovered 2 min to close back to 17.50- Wow!!
Healthcare stocks had a great day - NVAX VIR ONEM in my portfolio had a great close.
Have a great weekend all.
Paramjeet
Hi Paramjeet,
Good luck with the new moves!
I still hold CGC - trying to see if the "democratic win" stocks will start making a move this summer in anticipation of the election.
Big volatility in many stocks near close due to some rebalancing. We have another huge one next week I believe too.
Stocktrader
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