Indices closed UP.
S&P 500 @ 3179.72, high 3182.59, low 3155.29
RSI @ 60.38.....Nasdaq RSI @ 68.15
CMF @ -0.003
Internals were :
UP volume led by 4.04 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 2.52 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new 52 wk highs were leading by 187 in NYSE & 205 in Nasdaq
VIX UP .94% @ 27.94
Oil @ $40.63
Gold @ $1793.50
Canadian $ @ .6450
In my portfolio
Added 50% APA @ $13.55
Sold GOOS @ $22.83
Portfolio AAL APA CCL MGM SU
Stocks which were UP 2% or more included AAL APA
NIO CNX ROKU CIEN TOL DAL TLRY JD PINS
SQ MU SEDG AMD TWTR TER MSFT AAPL
BIDU DHI PHM BA JKS SPWR FSLR CSIQ
HUYA MRVL MOMO XLNX LULU BZUN
TSM LRCX AMZN SLB BABA OSTK
SINA CMG PANW.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE continued its euphoric run to record highs in Nasdaq just to prove Carter Worth wrong in his technical outlook. Nasdaq RSI is @ 68.15 which requires booking of profit ASAP. VIX actually went UP also a red flag, CMF is negative also a red flag. SOX also in euphoric mode. Have seen this type of TAPE many time and is cause for concern.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Good Morning Folks,
Great positive surprises today affecting my portfolio.
* NVAX got funding under Operation Warp Speed (OWS) - Stock is up big 30%+
* HEPA news on Preclinical data supporting COVID-19 with CRV431 - stock up by 40% +
* ALT following the previous two is up by 10%
Bought AKAM @ 112.35
Bought OVID @ 7.09
* Catasys name changed today to OnTrack - Ticker is now OTRK and not CATS.
Added more DKNG @ 31.11 - stock has been beaten down too low since last high.
Good Luck with your holdings !!
Paramjeet
Hi Paramjeet,
Wonderful day!
Good luck with the new positions.
RUN is a nice surprise for me also.
Stocktrader
Hi Guys,
Sold LITE @ 84.33
Sold AKAM @ 112 - Did not like the price action
Bought VIR @ 41.70
Paramjeet
Hi Paramjeet,
Raising cash looks smart here - market seems soggy.
Stocktrader
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