Thursday, March 11, 2021

Indices closed UP .58% to 2.52%....NICE !!!

 Indices closed UP.

S&P 500 @ 3939.34, high 3960.27, low 3915.54

RSI @ 58.50

CMF @ -0.055

Internals were :

UP volume led by 2.04 to 1 in NYSE & 6.51 to 1 in Nasdaq

Advancing stocks led by 3.10 to 1 in NYSE & 3.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 721 in NYSE & 418 in Nasdaq

VIX Down 2.88% @ 21.91

Oil @ $66.02

Gold @ $1722.60

Canadian $ @ .7437

In my portfolio :

Sold VUZI @ $18.50

Bought CPNG @ $50.10 in After hours

Portfolio AAPL CNX CPNG NVTA MGM NIO SQ TSM

Stocks which were UP 4% or more included

CPNG NVTA MGM NIO SQ TSM VUZI

TRIP PYPL MRVL FSLR ACB TLRY CGC

QRVO SNAP TECK MGNI FUBO RIOT FCX 

CLF DASH BIDU PINS RUN SPWR SEDG ENPH

AMD SNOW CSIQ MU PENN DOCU SHOP CIEN ZM

CRWD DDOG PDD NVAX MRNA NVDA TWLO TSLA YY 

QS OXY TWTR OSTK X....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strongest I have seen as most sectors participated in a major way with huge gains 11% UP was the norm. Internals were strong. DOW S&P IWM all made a new all time high, Nasdaq also crawled back UP above 50 DMA. Keep rotating from high RSI to relatively lower RSI and keep booking profit.

BLOG does NOT give buy or sell.

Saleem


8 comments:

Stocks100 said...


HI stocktrader,

Added 50% NIO @ $43.36 in pre market.....

Saleem

Stocks100 said...


Hi Stocktrader,


Sold CPNG @ $49.25

Saleem

Stocks100 said...


Hi Stocktrader,

Sold CNX @ $15.24

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the moves!

The market is not reacting too poorly given the spike in yield today - might set up for late rally.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Market is digesting gains after every UP day....a clearly defined pattern...

Good luck to you!

Saleem

Stocks100 said...


Hi Stocktrader,

Added 50% SQ @ 238.80

Saleem

Stocks100 said...


Hi Stocktrader,

Added 200% TSM @ $118.30

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the adds - feels like full and diversified exposure is appropriate here.

Stocktrader