Indices closed UP. In a 3.5 trading days, it was a good week for the bulls despite 2nd wave COVID-19 in USA and around the world. Bull market sometimes looks 6 months out when it will be spring when Corona Virus may be a minor news with vaccination being major focus not infection.
S&P 500 @ 3638.35, high 3644.31, low 3629.33
RSI @ 63.75
CMF @ 0.088
Internals were :
UP volume led by .79 to 1 in NYSE & 3.92 to 1 in Nasdaq
Advancing stocks led by 1.36 to 1 in NYSE & 1.73 to 1 in Nasdaq
Net new 52 wk highs were leading by 328 in NYSE & 284 in Nasdaq
VIX Down 1.93% @ 20.84
Oil @ $45.34
Gold @ $1788.10
Canadian $ @ .7006
Stocks which were UP 1% or more included CCL
BIDU SNAP PINS MRVL DKNG GAN SNOW
CSIQ JKS QRVO PENN DOCU ZI CNQ SHOP
KL CGC TLRY DDOG PDD NVAX SEDG
XLNX LULU BZUN TWLO TSLA LRCX
NTNX AMAT MOMO MRNA OSTK
TSM CMG X TLRY.....
Here is my portfolio weighting :
SU 31.48%
AAL 24.52%
CNX 16.93%
JWN 9.22%
APA 8.87%
CCL 6.69%
RIDE 2.29%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Happy Holidays !!
As always, I am a big fan of your blog. This provides a daily (and a weekly) summary with key indicators and expected direction of the market. Keep it up and Thanks for doing this service for the stock trading/investing community.
I had a busy for few months hence, did not update/comment on the regular basis on this blog.
Anyways, October and November has been great months after weak show in Aug/Sept. Sector rotation is in full swing as you had put it correctly.
Holdings include NNOX FUBO FSR WKHS NVAX MSP BIGC OSTK and small positions in some speculative names like NWBO DPW WWR MMEDF SNDL
Last week I did purchase a small position in SPAC names - APXT and LGVW.
I had great gains in U DKNG RIDE GRWG OTRK AMWL and more which I sold earlier in Nov.
Casinos, Cruises, Airlines, Hotels are looking promising and I plan to enter then soon.
Thanks again for sharing.
I also would like to thank Stocktrader for sharing his insights on the regular basis. They are very helpful.
Best,
Param
Hi Param,
Nice tp see your message of appreciation and input of your few months.
BLOG has one purpose is ti see through " all the noise " and "give my own analysis "
I am really happy that you & other BLOG readers find it useful.
Writing my BLOG takes quite a bit of analysis which includes Fundamentals, technicals, sentiment, political ,trade issues not to mention virus impact.....all factored in my summary.....
Good luck with your portfolio & trading!
Welcome back!
Saleem
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