Indices closed down.
S&P 500 @ 3537.01, low 3518.58, high 3569.02
RSI @ 59.88
CMF @ -0.159
Internals were :
Down volume led by 3.71 to 1 in NYSE & 1.42 to 1 in Nasdaq
Declining stocks led by 2.95 to 1in NYSE & 2.16 to 1 in Nasdaq
Net new 52 wk highs were leading by 44 in NYSE & 83 in Nasdaq
VIX UP 8.10% @ 25.35
Oil @ $41.12
Gold @ $1873.30
Canadian $ @ .6889
In my portfolio Sold PFE @ $37.55
Portfolio AAL APA CCL MGM SU
Stocks which were UP 1% or more included SNAP PINS
AG NIO GAN DADA AUY DOCU ZI PLAN KL ZM
CRWD DDOG PDD JD KRA HUYA BZUN TWLO
AEM MRNA OSTK ....
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE was under selling pressure due to rising COVID-19 cases in USA topping 140,000 in a day so far. Nasdaq held green for most of the day but slumped to red in afternoon. Many stocks closed green but internals were negative for the most part. Until we get better news in Corona virus, market may be trading in a very narrow range.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold PENN @ 66.75 to take profits
Bought ADPT @ 49.90
Stocktrader
Hi Saleem,
Sold QRVO @ 149.04 to take profits
Stocktrader
Hi Saleem,
Bought PTON @ 105.20
I think connected fitness is a durable trend beyond the pandemic, so I'll try an entry here.
Stocktrader
Hi Stocktrader,
Good luck with ADPT & PTON
Saleem
Hi Saleem,
I may have to rethink some moves over the weekend, including that PTON one. The prospect of generally available covid vaccines by next April could really propel certain stocks over others.
Stocktrader
Hi Stocktrader,
Always good to review composition of portfolio when new facts are revealed, yes vaccine progress is rapid and getting ready for prime time earlier than promised.
Good luck with your rethink and allocation!
Saleem
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