Wednesday, January 20, 2021

Indices closed UP .83% to 1.97%...NICE!!!!

 Indices closed UP.

S&P 500 @ 3851.85, high 3859.75, low 3816.22

RSI @ 67.46

CMF @ 0.150

Internals were :

UP volume led by 1.24 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 2.02 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 469 in NYSE & 516 in Nasdaq

VIX Down 7.14% @ 21.58

Oil @ $53.24

Gold @ $1866.50

Canadian $ @ .7351

In my portfolio :

Bought SQ @ $226.67

Bought FSLR @ $102.56 in pre market

Bought SU @ $18.48 pre market

Sold CCL @ $20.72

Portfolio AAL CNX FSLR MGM SQ SU

Stocks which closed green included AAL FSLR MGM

AG BB BIDU SNAP PINS DKNG JKS MSFT TWTR

PENN TOL DAL DDOG KBH JD AAPL DHI PHM 

IQ LULU AEM AMZN BABA GOOG NFLX FB

NTNX CSIQ WYNN MA MGA MCD CMG V...

AH Futures UP

AH Asian Markets UP

AH Oil Down 

AH Gold UP

About market, TAPE celebrated new President Biden & Vice President Harris in office by hitting new all time highs in all major indices / sectors. Internals were strong. Many sectors participated even FANG for a change which proves rotation is in. There is more UP move in store.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold SPWR @ 41.77 to take profits

Stocktrader

Stocks100 said...


Hi Stocktrader,

Nice profit in SPWR!

Saleem

stocktrader_1996 said...

Hi Saleem,

I didn't check the chart until after I sold (won't make that mistake again) and it wasn't as overbought as I thought even with the huge gain today. I'll have to try and rebuy on a dip.

Many stocks continue to soar - it's a hard market to keep up with.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Trust me I have faced this issue with every sell, even when I watch RSI very closely....every step of the way....

Good luck with next entry which could come tomorrow based on huge swing in SPWR....

Saleem