Monday, December 7, 2020

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3691.96, low 3678.88, high 3697.41

RSI @ 66.63

CMF @ 0.167

Internals were :

Down volume led by 1.63 to 1 in NYSE & .78 to 1 in Nasdaq

Declining stocks led by 1.28 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 485 in NYSE & 429 in Nasdaq

VIX UP 2.45% @ 21.30

Oil @ $45.76

Gold @ $1866.00

Canadian $ @ .7201

In my portfolio Sold CCL @ $23.25

Portfolio AAL APA CNX MGM SU

Stocks which closed green included AAL

SQ CIIC SNAP PINS MRVL AG RUN

NIO PFE IAG GOLD QRVO PENN

AUY GOOS NEM SHOP KL ROKU 

CIEN TOL KBH CRWD LITE SEDG

MRNA AAPL DHI PHM NKE BA

VICR LSCC TSM FB TSLA AEM

LRCX NFLX MGA SWKS NKE

X MSTR.....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under pressure due to profit taking and no deal on stimulus. Nasdaq made a new all time high intraday. For digestive phase, it was a pretty mild negative session with stay home stocks doing well as California enforces shutdown due to rising infection. This could be a swing trading market or long term hold market depending on your trading style, both are fine.

BLOG does NOT give buy or sell.

Saleem


5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold PLAN @ 72.11 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought SUMO @ 26.69 on great earnings and guidance on the pullback

Bought SHOO @ 33.96 on an economic recovery/consumer spending play

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SUMO & SHOO.

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold PLCE @ 46.12 to take profits

Freeing up funds to rebuy GRWG after the secondary is priced.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good strategy.....

Saleem