Wednesday, December 16, 2020

Indices closed mixed.......

 Indices closed mixed.

S&P 500 @ 3701.17, high 3711.27, low 3688.57

RSI @ 63.93

CMF @ 0.214

Internals were :

Down volume led by 1.24 to 1 in NYSE & .73 to 1 in Nasdaq

Declining stocks led by 1.01 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 357 in NYSE & 292 to 1 in Nasdaq

VIX Down 1.70% @ 22.50

Oil @ $47.82

Gold @ $1859.10

Canadian $ @ .7242

Portfolio AAL APA CCL MGM SU TECK

Stocks which were UP 3% or more included CCL AI MSTR

SQ CIIC AG DANG GAN DADA PENN ESTC DDOG 

MOMO WB MOMO OSTK CMG ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed as further progress was made in Stimulus talks. Fed statement was reassuring about low low rates. Nasdaq was strong as many tech went UP again, Nasdaq made a new all time high. Market is looking ready to make series of new highs in all indices. Keep booking profit to take advantage of money inflow in equities.

BLOG does NOT give buy or sell.

Saleem

5 comments:

Stocks100 said...


Hi Stocktrader,

Bought BB @ $8.23.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with BB (and the TECK that you slipped in)!

Stocktrader

Stocks100 said...


Hi Stocktrader,

TECK was purchased on Tuesday and there was a purchase note given in real time, you can check on Monday close blog which reflects next day ( Tuesday real time purchase )

And I thought you were busy not to comment ?

Saleem

Stocks100 said...


Hi Stocktrader,

Just checked Monday blog, It is not there, I must have purchased near closing second on Tuesday and duly mentioned in Tuesday BLOG....

PS it is my tiniest position so far, may add some more IF finances / strategy permits

Saleem

stocktrader_1996 said...

Hi Saleem,

I did see it in the Tuesday wrap blog, but forgot to comment until today.

This market just keeps moving up, and it worries me, but I can't think of a catalyst to bring it down other than general profit taking, and those moves are usually short, so I mostly just keep holding whatever small amount of value I can justify.

Stocktrader