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:
Hi Saleem,
Sold PLAN @ 72.11 to take profits
Stocktrader
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
Hi Stocktrader,
Good luck with SUMO & SHOO.
Saleem
Hi Saleem,
Sold PLCE @ 46.12 to take profits
Freeing up funds to rebuy GRWG after the secondary is priced.
Stocktrader
Hi Stocktrader,
Good strategy.....
Saleem
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