Tuesday, June 1, 2021

Indices closed mixed.....

 Indices closed mixed

S&P 500 @ 4202.04, low 4197.59, high 4234.12

RSI @ 57.20

CMF @ -0.049

Internals were :

UP volume led by 3.51 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 2.54 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new 52 wk highs were leading by 621 in NYSE & 257 in Nasdaq

VIX UP 6.8% @ 17.90

Oil @ $67.72

Gold @ $1905.00

Canadian $ @ .7965

In my portfolio :

Sold AG @ $18.68

Bought LULU @ $319.00

Portfolio CNX HST LULU MGM NIO WEED.TO

Stocks which were UP 3% or more included CNX NIO AG

CCJ SU BB APA VUZI SAVE RCL CNQ MGNI RIOT

FCX AI PDD KRA BA IQ HUYA MOMO BZUN

OXY SLB JKA....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE started strong but faded by close, only DOW closed UP. Oil was @ multi year high as driving and travel season is in full swing. Energy stocks were staging breakout in a decisive manner. Internals were mostly positive. Rotation has shifted in a big way but old habit is preventing many traders to see the light.

BLOG does NOT give buy or sell.

Saleem


3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold SNAP @ 63.44 to take profits

Bought BMBL @ 48.52 to play Russell index inclusion later this month

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with BMBL...

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold EH @ 28.66 to take profits and fear of investment blacklisting

Stocktrader