Indices closed mixed
S&P 500 @ 4432.35, low 4424.74, high 4439.39
RSI @ 61.27
CMF @ 0.137
Internals were :
Down volume led by 1.41 to 1 in NYSE & .63 to 1 in Nasdaq
Declining stocks led by 1.63 to 1 in NYSE & 1.11 to 1 in Nasdaq
Net new 52 wk highs were leading by 133 in NYSE & 47 in Nasdaq
VIX UP 3.53% @ 16.72
Oil @ $65.43
Gold @ $1726.50
Canadian $ @ .7426
Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV
Stocks which were UP 2% or more included PLTR RIOT XPEV
HOOD SOL NIO COIN X SNAP LAC FUBO SCHW CLF AI
MSTR RUN SPWR GAN CSIQ ENPH PDD JD NVAX
MRNA TSLA DDD QS FEYE OSTK TLRY.....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gas UP
About market, Nasdaq closed green while internals were weak. Drugs dominated along with Crypto currencies which blew past resistance of 200 DMA. Market has formed a rotational pattern which is very healthy, a diversified portfolio is working.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold DDD @ 35.00 to take profits
Stocktrader
Hi Saleem,
Added small ELY @ 32.20 on the dip
I think their TopGolf asset particularly has a long way to go.
I'm looking for a re-entry in DDD. I got caught up in the 25% rise and didn't look carefully at market cap and TAM before making the sell move. It could still double/triple from here over time I think.
I had sell offers in for BHVN on various days, but missed them all and now the stock is $20 lower. This is pushing against a market cap that encapsulates the whole market it could capture possibly, and will need funding if not acquired. I'm looking for an exit around $120 I think, even though a buyout offer would likely be ~$150.
Stocktrader
Hi Stocktrader,
Good luck with more ELY...
DDD is a very good stock, my brother has it in his portfolio....
Saleem
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