Monday, January 4, 2021

Indices closed down .25% to 1.48%....

 Indices closed down,

S&P 500 @ 3700.65, low 3662.71, high 3769.99

RSI @ 54.98

CMF @ 0.185

Internals were :

Down volume led by 1.93 to 1 in NYSE & .52 to 1 in Nasdaq

Declining stocks led by 2.14 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new 52 wk highs were leading by 336 in NYSE & 279 in Nasdaq

VIX UP 18.55% @ 26.97

Oil @ $47.62

Gold @ $1956.60

Canadian $ @ .7216

In my portfolio :

Sold AG @ $14.40

Added 40% MGM @ $30.40

Portfolio AAL APA BB CCL CNX MGM SU TECK

Stocks which closed green included APA CNX TECK 

AG FCX MSTR SQ RIDE NKLA NIO TSLA PINS

IAG JKS KL CSIQ GOLD NXPI DADA NEM CNQ

CGC LITE MRNA LRCX IQ HUYA LULU TSM

AEM FSLR OSTK X ACB TLRY....

AH Futures UP

AH Asian Markets Down

AH Oil  UP

AH Gold Down

About market, TAPE opened higher made new all time high then plummeted down 700 in DOW, similar losses in S&P 500 & Nasdaq. There was slight improvement by close. Reason for this reversal was rotation, Georgia election & weakness in Chinese economy. Hopefully turnaround Tuesday will see a strong close despite advance polling speculation about Georgia election.

BLOG does NOT give buy or sell.

Saleem

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