Monday, February 1, 2021

Indices closed UP .76% to 2.55%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3773.86, high 3784.32, low 3725.62

RSI @ 50.86

CMF @ 0.062

Internals were :

UP volume led by 4.47 to 1 in NYSE & 4.60 to 1 in Nasdaq

Advancing stocks led by 3.67 to 1 in NYSE & 3.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 133 in NYSE & 111 in Nasdaq

VIX Down 8.61% @ 30.24

Oil @ $53.55

Gold @ $1863.90

Canadian $ @ .7170

Portfolio BB CNX FSLR MGM SQ SU

Stocks which were UP 3% or more included BB

PAAS SWKS APA AG MGNI FUBO SCHW

FCX CIIC SNAP PINS GAN SNOW MSFT

PANW QRVO NXPI TWTR DADA PLAN

SHOP MTCH UBER PDD SEDG EAT KRA

TER XLNX TSM TWLO TSLA LRCX YY

AMZN BABA ROKU AMAT TLRY....

AH Futures UP

AH Asian markets UP

AH Oil & Gold UP

About market, TAPE went into bullish mode when Robinhood announced removal of 42 stocks from restricted list, only 8 were left with relaxed restriction allowing BB buyers to purchase 700 shares vs 1 share previously. Also Robinhood got additional 2.5 billion liquidity, all that meant boosting investors confidence that system is not under stress. Many stocks participated with most bullish action in Silver stocks.

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Sold some of the high fliers as the fever on them breaks:

Sold GRWG @ 47.87
Sold EH @ 87.93
Sold FUBO @ 51.25

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with $$$$$$

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold PLAN @ 72.92 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold SUMO @ 36.41 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold EAT @ 61.98 to take profits

I'm a little concerned about food costs as crop prices have spiked and wage costs with a potential $15 min wage. If some of those fears alleviate, the investment could be right again.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good $$$$$ moves today!

Saleem