Indices closed down
S&P 500 @ 3567.79, low 3567.33, high 3619.09
RSI @ 58.95
CMF @ 0.002
Internals were :
Down volume led by 1.92 to 1 in NYSE & .65 to 1 in Nasdaq
Advancing stocks led by 1.52 to 1 in NYSE & 1.55 to 1 in Nasdaq
Net new 52 wk highs were leading by 271 in NYSE & 214 in Nasdaq
VIX UP 4.98% @ 23.84
Oil @ $41.82
Gold @ $1873.90
Canadian $ @ .6945
Portfolio AAL APA CCL MGM SU
Stocks which closed green included MGM SU
RIDE NKLA SNAP PINS MRVL PFE DKNG
GAN SNOW LYFT TWTR PENN GOOS
DOCU PLAN CNQ SHOP TOL DAL ERI
ZM ESTC UBER TD KBH APHA BMO
BYND DHI PHM VICR TSM TSLA UAL
AMAT WYNN CMG M.....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE opened higher on PFE new and improved data of effectiveness @ 95% matching MRNA, which may be further improved by MRNA?. By close profit taking set in on closure of Schools in NY state due to rising second wave of Corona Virus. Market closed @ low of the day. Internals were mixed which is a good thing.
BLOG does NOT give buy or sell.
Saleem
Profound analysis....!!!!
ReplyDelete
ReplyDeleteHi Raja,
Thanks for your ongoing feedback & appreciation of my rationale for stock movement.
Saleem
Hi Saleem,
ReplyDeleteSold PENN @ 68.70 to take profits
It is not a core holding for me, so I'll free up the cash on the pop.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with new pick.
Saleem
Hi Saleem,
ReplyDeleteBought SNAP @ 41.73
I've said it before, it's the primary communication tool for my children, and only growing in popularity.
Here's some analyst commentary from today:
https://www.marketwatch.com/story/snap-could-be-worth-200-billion-in-5-years-analyst-says-11605807838?mod=mw_latestnews
Stocktrader
ReplyDeleteHi Stocktrader,
Yes its true my nieces are into SNAP from day one.
Good luck !
Saleem