Tuesday, December 1, 2020

Indices closed UP .63% to 1.28%...NICE!!!!

 Indices closed UP.

S&P 500 @ 3662.45, high 3678.45, low 3645.87

RSI @ 64.86

CMF @ 0.104

Internals were :

UP volume led by 2.27 to 1 in NYSE & .91 to 1 in Nasdaq

Advancing stocks led by 2.45 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 329 in NYSE & 309 in Nasdaq

VIX UP .97% @ 20.77

Oil @ $44.55

Gold @ $1818.90

Canadian $ @ .7040

Portfolio AAL APA CCL CNX MGM SU

Stocks which closed UP 1% or more included MGM FCX AG

PFE IAG BB MU INTC MSFT QRVO AUY CNQ CIEN 

MTCH HST NTAP EAT KRA TER AAPL TSM BA 

VICR ASML QCOM LULU FB TSLA AEM LRCX 

SPLK AMAT NFLX JWN SLB NTNX WYNN 

LVS MS AMZN ULTA SWKS CMG X....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE closed UP not @ best level. Internals were mostly positive. Politicians are back in DC and will talk more and do less. Market may be impacted by lack of decision in House & Senate. Market needs new catalyst. Vaccine is old news and fully priced in. Try to book profit or stay put for end of the month window dressing which is also end of Q / 6 months / Year.....

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold FUBO @ ~28.80 to take profits
Sold SNAP @ 45.85 to take profits

Bought LYFT @ 40.57
Bought COTY @ ~7.175

A little repositioning for re-opening next year.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with LYFT & COTY

Nice booking of $$$$$$$

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold PINS @ 68.32 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought PLCE @ 43.48

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with PLCE....

Saleem