Indices closed down.
S&P 500 @ 3768.47, low 3723.34, high 3843.67
RSI @ 40.64
CMF @ 0.060
Internals were :
Down volume led by 2.28 to 1 in NYSE & 3.92 to 1 in Nasdaq
Declining stocks led by 3.79 to 1 in NYSE & 5.62 to 1 in Nasdaq
Net new 52 wk highs were leading by 22 in NYSE & lows by 121 in Nasdaq
VIX UP 7.12% @ 28.57
Oil @ $63.83
Gold @ $1700.70
Canadian $ @ .7412
In my portfolio :
Sold MRVL @ $40.50
Added 60% MGM @ $36.51
Portfolio AAPL CNX MGM NIO SQ SU
Stocks which closed green included CNX SU
APA DASH SNOW LYFT ZM CVX KRA
MRNA FB AEM GOOG GME OXY SLB
LNG....
AH Futures Down
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was in intense selling after Fed chief made some remarks about inflation which disappointed Wall Street. 10 year interest rate after hours is trading @ 1.575% above high of the day, not a scenario which will help stock market on Friday. DOW, S&P 500, Nasdaq SOX all below 50 DMA, technical damage done. Next support 200 DMA, question is will it hold even 200 DMA...stay tuned.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold GIK @ 11.21
Getting rid of some of the speculative trades.
Stocktrader
Hi Stocktrader,
Sold SU @ $22.00
Added 50% MGM @ $36.40
Added 100% NIO @ $38.70
Saleem
Hi Saleem,
Good luck with the moves!
Added to SUMO @ 24.39
Added to HUBS @ 427.38
Added to GRWG @ 33.59
Added to SNAP @ 52.22
I didn't have much cash, but I did what I could.
Stocktrader
Hi Stocktrader,
Good luck with more more of your favorite stocks.
Saleem
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