Friday, February 5, 2021

Indices closed UP .30% to .57%...NICE !!!!

 Indices closed UP on stimulus and rapid vaccine implementation. S&P 500, Nasdaq & Russell 2000 all closed @ new all time high. Internals were solid. Oil @ 12 month peak.

S&P 500 @ 3886.83, high 3894.56, low 3874.93

RSI @ 62.15

CMF @ 0.081

Internals were :

UP volume led by 2.39 to 1 in NYSE & 1.63 to 1 in Nasdaq

Advancing stocks led by 2.33 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new 52 wk highs were leading by 510 in NYSE & 459 in Nasdaq

VIX Down 3.77% @ 20.95

Oil @ $56.85

Gold @ $1813.00

Canadian $ @ .7214

Stocks which were UP 2% or more included BB MGM

AG SNAP CNQ MGNI MSTR BIDU PINS SPWR

AN PENN ZI PLAN SHOP TOL PHM KBH ZM

MTCH DDOG NKE BZUN YY LNG WYNN LVS 

OSTK ULTA.....

In my portfolio Bought MRVL in pre market @ $50.50

Here is my portfolio weighting :

AAPL     24.01%

SU        18.28%

MGM    17.71%

CNX     15.23%

FSLR   13.86%

BB         5.57%

MRVL   5.24%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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