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:
Hi Saleem,
Sold DV SUMO GMBL PSNL ESTC PHM
Trimming long exposure ahead of tapering and interest rate hike talks.
Stocktrader
Hi stocktrader,
Smart move in trimming exposure.
Saleem
Hi Saleem,
Bought ELY @ 31.81 on this dip
Stocktrader
Hi Stocktrader,
Good luck with ELY....
Saleem
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