Thursday, January 28, 2021

Indices closed UP .50% to .99%....NICE!!!!

 Indices closed UP.

S&P 500 @ 3787.38, high 3830.50, low 3755.75

RSI @ 52.50

CMF @ 0.070

Internals were :

UP volume led by 1.40 to 1 in NYSE & 2.46 to 1 in Nasdaq

Advancing stocks led by 2.22 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 98 in Nasdaq

VIX Down 18.81% @ 30.21

Oil @ $52.34

Gold @ $1837.90

Canadian $ @ .7184

In my portfolio...added 90% BB @ $17.00

Portfolio BB CNX FSLR MGM SQ SU

Stocks which were UP 4% or more included MGM SQ

PAAS AG AAL MSTR CIIC MU PANW LYFT TWTR

DADA PENN AUY PLAN CGC SAL CRWD UBER

ENPH SEDG EAT LSCC ASML TWLO SNAP LNG...

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE celebrated victory by old guard of Wall Street by putting restriction thus punishing new ideas to make money so old money can get out of losing trade, not a fair way to close books. Indices closed UP with positive internals. Tomorrow some normalcy / balance is being restored with only 1 hand cuffed vs both today, will see how the market behaves.

BLOG does NOT give buy or sell.

Saleem

8 comments:

stocktrader_1996 said...

Hi Saleem,

Sold LUV @ 44.25 on lackluster results and questionable pace of recovery.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought QRVO @ 178.25 on amazing SWKS numbers

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought GRWG @ 45.66

I think this is one of the best plays for growth in the cannabis sector and I think the prospects of positive legislation are better than many assume.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Started some EH again @ 68.49

I'm dipping back into some long term themes after pullbacks here.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with QRVO

Saleem

stocktrader_1996 said...

Hi Saleem,

Picked up a little SUMO @ 35.50 on the dip, looking for more.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Got the rest @ 35.25, still adds up to a starter position while we see how price action goes in coming days.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with SUMO, GRWG, EH..

Saleem