Indices closed down.
S&P 500 @ 3271.03, low 3268.89, high 3342.48
RSI @ 35.21
CMF @ -0.066
Internals were :
Down volume led by 8.47 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 10.05 to 1 in NYSE & 6.17 to 1 in Nasdaq
Net new 52 wk lows were leading by 97 in NYSE & 113 in Nasdaq
VIX UP 20.78% @ 40.28
Oil @ $37.39
Gold @ $1789.20
Canadian $ @ .6676
Portfolio AAL APA CCL AG MGM RUN SU
Stocks which closed green included RUN
SPWR JKS ENPH SEDG FSLR SNOW
DADA SNAP ERI PHM IQ TWLO...
AH Futures UP
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE was in shock when Trump announced that Pandemic is under control and he single handedly did it, so we slumped almost 1000 DOW points and closed @ low of the day. On COVID-19 there is steady news flow of progress in vaccine process. Market was reacting to worldwide concern about shutdown impact on Economic picture, thus a sharp worldwide selloff.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
I made a mistake trying to game earnings in one of my favorite long term stories: PINS. Lesson learned hopefully and now have to find a re-entry.
Stocktrader
Hi Stocktrader,
Yes it's tough to preserve gains when earning is coming.
Good luck with re-entry in PINS.
You got it right in SNAP.
Saleem
Hi Saleem,
Sold PLCE @ 25.19 as the trade fizzled
I also needed to raise cash for a re-entry on PINS.
Stocktrader
Hi Saleem,
Bought PINS @ 63.25
It may have some downside to $60, but I need to be a participant in what remains one of my favorite long term plays.
Stocktrader
Hi Stocktrader,
Good luck with PINS
Saleem
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