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
8 comments:
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
Hi Saleem,
Sold HCAT @ 50.22 to take profits
Sold AVAV @ 131.03 to take profits
Sold PLAN @ 71.49 on sluggishness
Stocktrader
Hi Saleem,
Sold ELY @ 28.39 to take profits
Sold SHOO @ 34.33 on underperformance
Stocktrader
Hi Stocktrader,
Good moves....$$$$$$
Good luck with your next strategy!
Saleem
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
Hi Stocktrader,
YES.....What goes UP must come DOWN.....
Saleem
Hi Saleem,
Sold LUV @ 47.54 on airline sector weakness
Stocktrader
Hi Stocktrader,
Good luck with your strategy!
Saleem
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