Indices closed UP.
S&P 500 @ 3083.76, high 3086.25, low 3024.01
RSI @ 52.50
CMF @ 0.149
Internals were :
UP volume led by 3.32 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 1.81 to 1 in NYSE & 1.99 to 1 in Nasdaq
Net new 52 wk highs were leading by 17 in NYSE & 59 in Nasdaq
VIX Down 4.79% @ 32.22
Oil @ $38.72
Gold @ $1770.60
Canadian $ @ .6335
Portfolio AAL APA CCL MGM SU
Stocks which were UP 1% or more included AAL APA
DOCU ZI DAL UAL TLRY NVAX CLDR SQ LITE
KRA ELF TER HUYA SPWR JKS OXY SLB MS
SNAP MA LRCX X V PANW......
AH Futures Mixed
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was under pressure @ open then closed @ high of the day, a very bullish close. This market is dictated by strength of Nasdaq which famous technicians are not showing its chart or taking a cue from. We are just about ready to make series of new highs in DOW & finally S&P 500 which will totally destroy bears.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Great commentary, it relects what a positive personality you are....! Amazed...
Raja
Hi Raja,
Thanks for your feedback, much appreciated!
Saleem
Hi Guys,
Market selloff created some opportunities to rotate funds.
Sold 50% NVAX @ 76.20 (was a major winner in the portfolio)
Sold VSTM @ 1.79 (Failed breakout)
Sold PLAN @ 44.21
Bought HEPA @ 2.64 (can't get enough of this)
Bought OPK @ 2.79
Bought APTX @ 4.25
Expecting recovery in the market late in the day.
Paramjeet
Hi Paramjeet,
NVAX has been incredible - well done!
Good luck with other rotations.
I'm still trying to get a few more of my long term holdings into the portfolio like HUBS and maybe SQ (although investors seem too positive on the story currently).
Stocktrader
Hi Paramjeet,
Good job with booking some gains in NVAX.
Good luck with new and add on....
Saleem
Thanks guys.
I sold the rest of NVAX too at 79.60. Phewww.done...
Sold LVGO @ 74.25
I am seeing better value elsewhere so taking profits on the high-fliers and allocating to the good pullback stocks.
Paramjeet
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