Friday, April 30, 2021

Indices closed down .54% to .85%....

 Indices closed down due to profit taking and overbought conditions. Lot of talk about market correction keeping buyers away.

S&P 500 @ 4181.17, low 4174.85, high 4198.10

RSI @ 61.96

CMF @ 0.200

Internals were :

Down volume led by 3.21 to 1 in NYSE & 1.32 to 1 in Nasdaq

Declining stocks led by 2.13 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new 52 wk highs were leading by 245 in NYSE & 64 in Nasdaq

VIX UP 5.68% @ 18.61

Oil @ $63.58

Gold @ $1767.70

Canadian $ @ .7706

Stocks which closed green included MGM NIO BTCC-U.TO

X COIN JBLU SAVE NCLH RCL AAL CCL RIOT CLF

MSTR SNOW DAL MRNA MCD TSLA UAL NFLX

LNG OSTK CMG X.....

Here is my portfolio weighting 90% exposure :

SQ          28.89%

MGM      22.18%

SU          13.57%

NIO           8.79%

AG            8.67%

HST          7.48%

CNX         7.32%

BTCC-U  1.92%

ACB        1.18%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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