Thursday, December 3, 2020

Indices closed mixed......

 Indices closed mixed.

S&P 500 @ 3666.72, low 3657.12, high 3682.73

RSI @ 65.03

CMF @ 0.123

Internals were :

UP volume led by 1.97 to 1 in NYSE & 1.31 to 1 in Nasdaq

Advancing stocks led by 2.02 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk highs were leading by 354 in NYSE & 305 in Nasdaq

VIX UP .52% @ 21.28

Oil @ $45.64

Gold @ $1841.10

Canadian $ @ .7120

In my portfolio ...added 60% MGM @ $29.60

Portfolio AAL APA CCL CNX MGM SU

Stocks which were UP 2% or more included AAL APA CCL SU

RIDE CIIC PINS SNOW INTC DOCU ZI ROKU TOL KBH

DAL UAL CRWD ESTC DDOG JD NVAX EAT MRNA

NCLH DHI PHM BA MOMO TSLA BABA WYNN

ULTA M MSTR JWN OXY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was doing perfect until the last 30 minutes of trading when news of PFE 50% shipment of vaccine came, everything when RED in 2 minutes then tried to recover in closing minutes. Along the way Indices kept making new all time highs while DOW made new all time closing high. This TAPE is now taking @ home & soon to open stocks UP same day from open till close, % gains are outsized in both sectors. Diversified is the best way to be to get optimum gains.

BLOG does NOT give buy or sell.

Saleem

at

8 comments:

  1. stocktrader_1996December 4, 2020 at 6:09 AM

    Hi Saleem,

    I just don't have enough funds to stay in all the ideas I have at this point in the cycle. There's good stocks both in imminent re-opening but also long term digitalization of the economy.

    I'm not sure how to resolve this other than with smaller position sizes, but that will dilute the portfolio more. I'll have to ponder in coming days what to do.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996December 4, 2020 at 6:31 AM

    Hi Saleem,

    Sold LYFT @ 43.40 to take profits

    Stocktrader

    ReplyDelete
  3. Stocks100December 4, 2020 at 6:47 AM


    Hi Stocktrader,

    YES....investing thesis keeps changing for all of us, conviction in my ideas have helped me in early but in better % gains....

    I believe more diversification is the key thus smaller allocation " relatively speaking "

    Good luck with this runaway soon to open ideas.....

    Saleem

    ReplyDelete
  4. Stocks100December 4, 2020 at 6:57 AM


    Hi Stocktrader,

    Added 70% MGM @ $30.20

    Saleem

    ReplyDelete
  5. stocktrader_1996December 4, 2020 at 7:02 AM

    Hi Saleem,

    Sold PHM @ 42.02 on poor chart and rising rates.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996December 4, 2020 at 7:03 AM

    Hi Saleem,

    Good luck with more MGM!

    Stocktrader

    ReplyDelete
  7. stocktrader_1996December 4, 2020 at 9:42 AM

    Hi Saleem,

    Bought FUBO @ 26.51 after resting a while

    Stocktrader

    ReplyDelete
  8. Stocks100December 4, 2020 at 10:56 AM


    Hi Stocktrader,

    Good luck with FUBO

    Saleem

    ReplyDelete