Wednesday, April 21, 2021

Indices closed UP .93% to 1.19%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4173.42, high 4175.02, low 4126.35

RSI @ 67.80

CMF @ 0.314

Internals were :

UP volume led by 6.84 to 1 in NYSE & 8.66 to 1 in Nasdaq

Advancing stocks led by 3.82 to 1 in NYSE & 3.54 to 1 in Nasdaq

Net new 52 wk highs were leading by 281 in NYSE & 8 in Nasdaq

VIX Down 6.32% @ 17.50

Oil @ 6.32%

Gold @ $1793.10

Canadian $ @ .7512

In my portfolio...added 25% CNX @ $13.50

Portfolio APA CNX AG HST MGM NIO BTCC-U-TO SU

Stocks which closed UP 4% or more included AG MGM NIO

X TRIP NCLH CCL RCL FSLR ENPH RUN SPWR FUBO

RIOT AI RIDE DKNG GAN GOOS ZI CGC TLRY ACB 

MRNA TER ASML LRCX IQ AMAT QS JWN M OXY

MGA ....

AH Futures Down

AH Asian Market Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong and closed near high of the day, best performer was Russell 2000. Internals were strong. We need confirmation of this rally with a second close higher. Nasdaq volume was well below average, not comforting @ all. Canadian Central gave a clear message that they will be raising interest rates in 2022 instead of 2023, based on strong snap back in Canadian economic activity.

BLOG does NOT give buy or sell.

Saleem


3 comments:

stocktrader_1996 said...

Hi Saleem,

Oops - was looking/posting on the wrong thread yesterday!

Good luck with more CNX.

My moves from yesterday:

"Added a little ESTC @ 120.70

I'm still cautious on the market status, so I'll be deliberate in deploying capital here.

Bought PATH @ 65.83

Tech of the future and low float - will give it a chance."

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with PATH and more of ESTC...search engine

Saleem

Stocks100 said...


Hi Stocktrader,

Bought SQ @ $249.00

Saleem