Wednesday, January 27, 2021

Indices closed down 2.05% to 2.61%.....

 Indices closed down.

S&P 500 @ 3750.77, low 3732.48, high 3836.83

RSI @ 47.28

CMF @ 0.057

Internals were :

Down volume led by 1.28 to 1 in NYSE & .77 to 1 in Nasdaq

Declining stocks led by 4.91 to 1 in NYSE & 5.39 to 1 in Nasdaq

Net new 52 wk highs were leading by 122 in NYSE & 127 in Nasdaq

VIX UP 61.64% @ 37.21

Oil @ $52.85

Gold @ $1844.90

Canadian $ @ .7212

In my portfolio :

Sold BB @ $22.00

Bought APA @ $15.50

Sold APA @ $14.70 in AH

Bought BB @ $23.00 AH, Added 120% BB @ $20.00 in closing seconds of my AH around 7 PM in Canada ( AH trade stops @ 7 PM in Canada and pre market starts @ 8 AM)

Portfolio BB CNX FSLR MGM SQ SU

Stocks which closed green included BB

AAL CCL FUBO AI NKLA JKS RXT

CLDR GOOS ZI CIEN CGC TOL KBH

NTAP NVAX LITE MRNA IQ WB YY

YELP ORCL X M ACB....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under serious selling pressure despite Fed policy statement & Q & A which was extremely reassuring. Short hedge funds were facing huge margin calls thus across the board selling to raise funds to cover, how tables have turned. Many forces are trying to stop this game in reverse as they do not like being pushed into selling / covering or facing huge margin call during the day.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi SAleem,

Bought speculative FUBO @ 44.47 on...high short interest lol

I will say, however, that there's a forward thesis to this company also, so we'll see how it goes.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Added 90% BB @ $17.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the additional BB - these are hard trades!

Stocktrader