Indices closed mixed.
S&P 500 @ 4402.66, low 4400.23, high 4416.17
RSI @ 57.81
CMF @ 0.178
Internals were :
Down volume led by 3.95 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 2.03 to 1 in NYSE & 1.84 to 1 in Nasdaq
Net new 52 wk highs were leading by 189 in NYSE & 20 in Nasdaq
VIX Down .39% @ 17.97
Oil @ $68.15
Gold @ $1814.50
Canadian $ @ .7447
Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL
Stocks which closed green included MGM RIOT XPEV
HOOD MU NIO LULU CRM LSPD COIN NVTA
SNAP MSTR AMD GAN PANW NXPI DOCU
ZI SHOP ZM CRWD ESTC ENPH JD NVAX
MRNA NVDA TWLO FB LRCX BABA
NFLX OLED.....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE closed mixed with Nasdaq closing near high of the day while DOW & S&P 500 closed red and near low of the day. Internals were negative. Stay home & technology stocks did well. After hour earnings report reaction was negative.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold SOXS @ 6.42
Bought QRVO @ 195.13
Bought PHM @ 53.47
The hedges are finally off! With the delta variant slowing growth, I think the Fed remains easy for longer which should be supportive of valuation and keep rates low through the end of the year. Additionally, I think China has made enough moves to inhibit its private sector for now, so I don't expect any more trouble this year (which was part of why I switched to SOXS). The recent reports from semiconductor companies showed that the chip shortage should also continue for a while still, which should be supportive of margins and future revenue growth.
Stocktrader
Hi Saleem,
My last position will likely be BMBL after the lockup expires next week.
Stocktrader
Hi Stocktrader,
Good luck with QRVO & PHM
BMBL waiting for you!
Saleem
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