Tuesday, May 18, 2021

Indices closed down .56% to .85%....

 Indices closed down.

S&P 500 @ 4127.83, low 4125.99, high 4169.15

RSI @ 49.00

CMF @ 0.021

Internals were :

Down volume led by 1.76 to 1 in NYSE & .50 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & .93 to 1 in Nasdaq

Net new 52 wk highs were leading by 247 in NYSE & 80 in Nasdaq

VIX UP 8.22% @ 21.34

Oil @ $65.49

Gold @ $1868.00

Canadian $ @ .7934

Portfolio CNX AG HST MGM NIO PLTR SQ

Stocks which were UP 1% or more included MGM NIO PLTR

VUZI ROKU NCLH FSLR TWTR WYNN CCL MGNI AI

FUBO RIOT DASH SPWR DKNG SNOW PANW LYFT

UBER SHOP CRWD DDOG ENPH PDD JD IQ MOMO

BZUN BABA OLED QS DDD TLRY OSTK....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE started positive then started drifting into negative with Nasdaq staying in green, Last 15 minutes puts all Indices into red including Nasdaq and closed near low of the day. @ home stocks and some techs did well which was a pleasant change. Internals were mixed

BLOG does NOT give buy or sell.

Saleem


2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold APP @ 64.46 to take profits

Looking to enter PLCE or PHM with the proceeds.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought PLCE @ 88.65 ahead of earnings tomorrow

I made a mistake selling this last week and missed out on $14 of performance. That said, with numerous upcoming catalysts still, I think earnings power remains underestimated. I guess we'll see soon...

Stocktrader