Wednesday, December 9, 2020

Indices closed down .35% to 1.94%.....

 Indices closed down.

S&P 500 @ 3672.82, low 3660.54, high 3712.39

RSI @ 62.00

CMF @ 0.238

Internals were :

Down volume led by 1.02 to 1 in NYSE & 2.02 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & 1.87 to 1 in Nasdaq

Net new 52 wk highs were leading by 474 in NYSE & 416 in Nasdaq

VIX UP 7.69% @ 22.27

Oil @ $45.52

Gold @ $1838.50

Canadian $ @ .7104

In my portfolio Bought CCL @ $23.90

Portfolio AAL APA CCL CNX MGM SU

Stocks which were UP 1% or more included APA CNX

AI DASH BIDU LYFT DSS UBER EAT UPS HUYA

EXPE JWN OXY ORCL ULTA M....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under selling pressure after positive open which made new all time highs in major indices. Today's selling was more related to 2 IPO's AI & DASH which sucked lot of cash from Nasdaq high fliers. Stay with your trading  / investing strategies as fundamentals or technicals are still extremely positive until first week of January.

BLOG does NOT give buy or sell.

Saleem

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5 comments:

  1. stocktrader_1996December 10, 2020 at 7:00 AM

    Hi Saleem,

    Sold SQ @ 211.34 to take a little money out of the high fliers

    Stocktrader

    ReplyDelete
  2. Stocks100December 10, 2020 at 7:14 AM


    Hi Stocktrader,

    Good move with raising funds to allocate in new ideas.

    Added 80% CCL @ $22.60

    Saleem

    ReplyDelete
  3. stocktrader_1996December 10, 2020 at 10:52 AM

    Hi Saleem,

    Bought VLDR @ 20.23 for a trade try

    With positive analyst chatter and a decent chart, I thought I'd see if this can gain more traction.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996December 10, 2020 at 10:52 AM

    Hi Saleem,

    Good luck with more CCL!

    Stocktrader

    ReplyDelete
  5. Stocks100December 10, 2020 at 12:10 PM


    Hi Stocktrader,

    Good luck with VLDR.

    Saleem

    ReplyDelete