Tuesday, May 25, 2021

Indices closed down .03% to .24%.....

 Indices closed down.

S&P 500 @ 4188.13, low 4182.52, high 4213.42

RSI @ 55.67

CMF @ 0.002

Internals were :

Down volume led by 2.21 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led by 1.53 to 1 in NYSE & 1.77 to 1 in Nasdaq

Net new 52 wk highs were leading by 226 in NYSE & 77 in Nasdaq

VIX UP 2.39% @ 18.84

Oil @ $66.07

Gold @ $1898.00

Canadian $ @ .7924

In my portfolio added 130% PLTR @ $21.32

Portfolio CNX AG HST MGM NIO PLTR SQ

Stocks which were UP 1% or more included AG MGM PLTR SQ

ACB TLRY CGC COIN LULU QRVO CCL BIDU PINS GAN

DKNG TOL KBH DHI DAL JD MRNA BA IQ ASML WB 

UAL BYND AMAT ULTA ....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was all green then faded and closed near low of the day, Nasdaq did not get confirmation of this UP move by closing in red also. Josh Brown CNBC commentator made a very interesting analysis that may be things have changed for so many years and we are still stuck in PE based valuation and gave AMZN last 10 years of run as a solid proof, food for thought.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Bought a little TZA @ 32.81 for hedging purposes

I might add more later if I identify a stock I can sell to raise cash.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold FSLR @ 76.26 after disappointing performance

Bought more TZA @ 32.30

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TZA....

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold PLCE @ 96.18 to take profits

Bought more TZA @ 32.26

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more++++ TZA

Saleem