Indices closed mixed.
S&P 500 @ 3484.55, high 3501.38, low 3468.35
RSI @ 77.31
CMF @ 0.446
Internals were :
UP volume led by 1.63 to 1 in NYSE & .90 to 1 in Nasdaq
Advancing stocks led by 1.16 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 179 in NYSE & 112 in Nasdaq
VIX UP 5.16% @ 24.47
Oil @ $43.04
Gold @ $1932.60
Canadian $ @ .6884
In my portfolio :
Bought GOLD @ $28.45
Bought FCX @ $15.00
Bought AG @ $11.65
Added 25% SU @ $16.22
Sold MGM @ $23.10
Portfolio AAL APA GOLD CCL AG FCX MU NXT SU
Stocks which closed UP by 3% or more included AAL APA CCL MGM
PLAN CNX NTAP NCLH SPWR BYND TSLA UAL
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed in the upper range but Nasdaq took a rest. Fed new inflation policy was a non event but high frequency trader gave a yo yo try only to give up by close. S&P 500 and Nasdaq made another all time high. Abbot Lab was in the forefront of COVID-19 rapid 5 minute test which gave laggards airlines, cruise lines, hotels a big boost. Pay attention to rotation, it is happening on a daily basis.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
Bought back 55% MGM @ $23.10..same price i sold @ in pre market.
Saleem
Hi guys,
Sold GAN @ 21.07
I think this promised "tier one" client was disappointing, and I fear the management is too promotional, which is always a bad sign.
Stocktrader
Hi Saleem,
Good luck with MGM back!
Stocktrader
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