Thursday, January 21, 2021

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3853.07, high 3861.45, low 3845.05

RSI @ 67.59

CMF @ 0.104

Internals were :

Down volume led by 1.87 to 1 in NYSE & .43 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 383 in NYSE & 341 in Nasdaq

VIX Down 1.20% @ 21.32

Oil @ $53.13

Gold @ $1865.90

Canadian $ @ .7363

Portfolio AAL CNX FSLR MGM SQ SU

Stocks which were UP 1% or more included FSLR MGM

YAYO MGNI FUBO RIDE NKLA SNAP PINS NIO 

AMD IBM SPWR GAN JKS CSIQ MU INTC PENN

CIEN TOL ESTC KBH ENPH SEDG MRNA AAPL

DHI PHM HUYA ASML FB AMZN LVS MGA

OSTK ULTA TSM CMG....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE closed mixed after Nasdaq making another new all time high. Internals were weak. Solar stocks were among the strongest. Please make sure you are booking profits and rotating into better risk / reward stocks.

BLOG does NOT give buy or sell.

Saleem

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8 comments:

  1. stocktrader_1996January 22, 2021 at 9:19 AM

    Hi Saleem,

    Sold LITE @ 99.34 on the pop after the merger announcement

    The guidance was disappointing and the acquisition was expensive. I think there may be better places to go for now.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996January 22, 2021 at 10:04 AM

    Hi Saleem,

    Sold HCAT @ 50.22 to take profits
    Sold AVAV @ 131.03 to take profits
    Sold PLAN @ 71.49 on sluggishness

    Stocktrader

    ReplyDelete
  3. stocktrader_1996January 22, 2021 at 10:43 AM

    Hi Saleem,

    Sold ELY @ 28.39 to take profits
    Sold SHOO @ 34.33 on underperformance

    Stocktrader

    ReplyDelete
  4. Stocks100January 22, 2021 at 10:57 AM


    Hi Stocktrader,

    Good moves....$$$$$$

    Good luck with your next strategy!

    Saleem

    ReplyDelete
  5. stocktrader_1996January 22, 2021 at 11:11 AM

    Hi Saleem,

    Sold GRWG @ 48.95 to take profits

    I am extremely concerned about the high fliers currently given what appears to be the "final act" massive short squeeze in GME.

    Stocktrader

    ReplyDelete
  6. Stocks100January 22, 2021 at 11:34 AM


    Hi Stocktrader,

    YES.....What goes UP must come DOWN.....

    Saleem

    ReplyDelete
  7. stocktrader_1996January 22, 2021 at 12:40 PM

    Hi Saleem,

    Sold LUV @ 47.54 on airline sector weakness

    Stocktrader

    ReplyDelete
  8. Stocks100January 22, 2021 at 3:49 PM


    Hi Stocktrader,

    Good luck with your strategy!

    Saleem

    ReplyDelete