Thursday, December 17, 2020

Indices closed UP .49% to .64%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3722.48, high 3725.12, low 3710.87

RSI @ 66.37

CMF @ 0.297

Internals were :

UP volume led by 2.36 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 2.21 to 1 in NYSE & 2.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 501 in NYSE & 415 in Nasdaq

VIX Down 2.53% @ 21.93

Oil @ $48.36

Gold @ $1902.00

Canadian $ @ .7242

In my portfolio :

Sold 25% MGM @ $31.11 within second of close 

Bought BB @ $8.23

Portfolio AAL APA BB CCL MGM SU TECK

Stocks which were UP 2% or more included CLF

CNX AI SNAP MRVL AG NIO DKNG GOLD

GAN PANW AUY NEM DOCU ZI CRWD

ESTC DDOG KBH NVAX MRNA HUYA

PHM MOMO BYND LULU BZUN TWLO

TSLA AEM SPLK NTNX OSTK....

AH Futures Down

AH Asian Market Mixed

AH Oil & Gold Down

BB AH earnings report was a beat in Sales & EPS, guiding sequential growth, CC was upbeat with better things to come. BB AH Down 36 cents or 4.36%

About market, TAPE was strong on stimulus hope and closed @ high of the day. This is a strange TAPE which keeps going UP. I am afraid that when stimulus deal is done we may face " sell the news ". In the meantime keep booking profit and stay diversified. MRNA vaccine getting thumbs UP for approval recommendation with zero NO vote.

BLOG does NOT give buy or sell.

Saleem

8 comments:

stocktrader_1996 said...

Hi Saleem,

Sold LITE @ 92.607 to take profits

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold MGM @ $31.60

Saleem

stocktrader_1996 said...

Hi Saleem,

Another winning trade on MGM - nice job!

Stocktrader

Stocks100 said...


Hi Stocktrade,

Few orders in, waiting for fill...

Bought AG @ $12.68...

Saleem

Stocks100 said...


Hi Stocktrader,

Added 125% TECK @ $17.95

Saleem

Stocks100 said...


Hi Stocktrader,

Added 50% BB @ $6.95

Saleem

Stocks100 said...


Hi Stocktrader,

Bought MGM @ $31.52

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the new positions!

Banks flying - might be a "cyclical" week next week, especially if Congress can reach a relief deal.

Stocktrader