Friday, February 19, 2021

Indices closed mixed....

 Indices closed mixed on a day when new $1.9 trillion stimulus was in focus and economy reopen stocks did well. It was a broad based performance by internals. Advancing stocks led decliners by 2 to 1. Old FANG were left behind, new techs did fine as well as stay home were mixed.

S&P 500 @ 3906.71, low 3903.07, high 3930.41

RSI @ 60.20

CMF @ 0.123

Internals were :

UP volume led by 2.09 to 1 in NYSE & 3.10 to 1 in Nasdaq

Advancing stocks led by 1.SWKS 87 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new 52 wk highs were leading by 311 in NYSE & 189 in Nasdaq

VIX Down 1.96% @ 22.05

Oil @ $59.24

Gold @ $1777.40

Canadian $ @ .7401

Stocks which were UP 2% or more included MGM MRVL

SQ WYNN SNAP SWKS APA TECK AAL CCL MGNI

FCX CLF MSTR RUN SPWR DKNG MU LYFT NXPI

PENN SHOP ROKU CGC HST NTAP KBH ENPH

EAT NCLH BA BZUN LRCX UAL AMAT SLB LNG

YELP LVS MGA OSTK X M TLRY....

In my portfolio added 60% SU @ $19.00

Here is my portfolio weighting :

MGM      28.33%

AAPL      22.94%

MRVL     21.39%

FSLR     12.85%

SU           6.48%

BB           5.90%

CNX        2.11%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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