Monday, January 11, 2021

Indices closed down .29% to 1.25%......

 Indices closed down.

S&P 500 @ 3799.61, low 3789.02, high 3817.86

RSI @ 64.95

CMF @ 0.193

Internals were :

UP volume led by 1.07 to 1 in NYSE & 1.88 to 1 in Nasdaq

Declining stocks led by 1.53 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new 52 wk highs were leading by 277 in NYSE & 258 in Nasdaq

VIX UP 11.69% @ 24.08

Oil @ $52.25

Gold @ $1835.40

Canadian $ @ .7227

Portfolio AAL APA BB CCL CNX MGM SU TECK

Stocks which were UP 1% or more included BB CNX

MGNI DASH RIDE MRVL NIO AMD SPWR DKNG

GAN MU LYFT QRVO DADA PENN GOOS ROKU

CGC TLRY ACB TOL KBH DHI PHM CRWD UPS

UBER DDOG LITE TER NVDA TSM LRCX JWN 

SNAP AMAT LNG MRNA MS X M ,,,,,,

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under mild selling pressure as all bit coin type crypto currency came under severe selling / profit taking plunging from 15% to 25% from hitting their highest level ever. Political backdrop in USA has lot of uncertainty which can dampen traders enthusiasm in short term. Stay home stocks resumed their run as COVID-19 still raging all over the world.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

FDX has a 23.60 RSI currently - I'm very surprised.

Stocktrader

Stocks100 said...


Hi Stocktrader,

YES....FDX deeply oversold ...

Saleem