Wednesday, May 5, 2021

Indices closed mixed....

 Indices closed mixed

S&P 500 @ 4167.59, high 4187.72, low 4160.94

RSI @ 58.30

CMF @ 0.126

Internals were :

UP volume led by 1.62 to 1 in NYSE & .69 to 1 in Nasdaq

Advancing stocks led by 1.25 to 1 in NYSE & .82 to 1 in Nasdaq

Net new 52 wk highs were leading by 553 in NYSE & 94 in Nasdaq

VIX Down 1.69% @ 19.15

Oil @ $65.63

Gold @ $1784.30

Canadian $ @ .7765

In my portfolio added 40% CNX @ $13.57

Portfolio ACB CNX AG HST MGM NIO SQ SU

Stocks which were UP 2% or more included MGM SU

TECK APA HEXO MTCH CVX ASML OXY

SLB WYNN MS.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE followed its conviction with rotation out of technology into Oil, Gas, Base Metals, Steel to name a few sector. Nasdaq was the only red for 2 day's,2nd day of distribution. When this shift is recognized by many then we may see a sharp slump. AH earnings were good for PYPL.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi Stocktrader,

Sold SU @ $22.92

Added 25% CNX @ $13.54

Added 33% NIO @ $37.05

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the swapping - market is trying to figure out next direction here.

Stocktrader