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
8 comments:
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
Hi Saleem,
Sold LYFT @ 43.40 to take profits
Stocktrader
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
Hi Stocktrader,
Added 70% MGM @ $30.20
Saleem
Hi Saleem,
Sold PHM @ 42.02 on poor chart and rising rates.
Stocktrader
Hi Saleem,
Good luck with more MGM!
Stocktrader
Hi Saleem,
Bought FUBO @ 26.51 after resting a while
Stocktrader
Hi Stocktrader,
Good luck with FUBO
Saleem
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