Indices closed down.
S&P 500 @ 3145.32, low 3142.93, high 3184.15
RSI @ 56.51
CMF @ -0.094
Internals were :
Down volume led by 2.54 to 1 in NYSE & 1.48 to 1 in Nasdaq
Declining stocks led by 2.73 to 1 in NYSE & 2.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 123 in NYSE & 114 in Nasdaq
VIX UP 5.33% @ 29.43
Oil @ $40.62
Gold @ $1809.90
Canadian $ @ .6409
Portfolio AAL APA CCL MGM SU
Stocks which closed UP 2% or more included AUY NIO NEM
DOCU SHOP KL PDD NVAX SQ ELF TWTR RUN AEM
SNAP OSTK.......
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under selling pressure after touching green, indices closed @ low of the day. Most traders are realizing that we are deeply overvalued but are playing for the last $. Market is in a topping pattern which gives many signal like negative CMF which is @ lowest level in a while. We have to keep an eye on how we close daily for confirmation.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi guys,
Sold SQ @ 133.03 to take profits
With RSI so high, and heavy exposure to the small business economy, I thought maybe it was time to rest. I fear selling any stock in this environment, but need to keep trying because stocks can't go up every single day.
Stocktrader
Hi Stocktrader,
Excellent trade and profit in SQ....not bad for 2 week work / research $$$$$
Saleem
Hi Guys,
Sold ALT @ 16 - Wow!! what a monster move. Held from low 9s.
Bought AKAM back at 112.12
Bought CLVS @6.71
Bought ELY @ 17.19
Thanks
Paramjeet
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