Thursday, June 17, 2021

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4221.86, low 4196.05, high 4232.29

RSI @ 54.98

CMF @ -0.001

Internals were :

Down volume led by 2.89 to 1 in NYSE & .89 to 1 in Nasdaq

Declining stocks led by 1.91 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new 52 wk highs were leading by 151 in NYSE & 85 in Nasdaq

VIX Down 2.20% @ 17.75

Oil @ $71.04

Gold @ $1774.80

Canadian $ @ .7644

In my portfolio bought in pre market :

NIO @ $45.00

AG @ $16.90

UAL @ $55.70

Portfolio CNX AG HST MGM NIO WEED NCLH SOL UAL

Stocks which were UP 3% or more included NIO

LULU BB LSPD ROKU NVTA PYPL SQ AI

SNAP FUBO PINS RUN AMD SPWR GAN

CSIQ LYFT ZI PLAN SHOP MTCH CRWD

ZM ESTC DDOG SEDG NVDA DDD

MSTR.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE surprised everyone by a declining 10 year interest rate which propelled technology into a very strong day. Solar also came along  for a ride. It was a classic case of common wisdom being wrong with reaction to Fed statement on Wednesday, It was morning after which set the tone. Internals were still weak. Can we have back to back technology strong close or back to rotation.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Sold DV SUMO GMBL PSNL ESTC PHM

Trimming long exposure ahead of tapering and interest rate hike talks.

Stocktrader

Stocks100 said...


Hi stocktrader,

Smart move in trimming exposure.

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought ELY @ 31.81 on this dip

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with ELY....

Saleem