Indices closed down.
S&P 500 @ 4443.05, low 4435.46, high 4485.68
RSI @ 44.68
CMF @ -0.074
Internals were :
Down volume led by 3.44 to 1 in NYSE & 2.26 to 1 in Nasdaq
Declining stocks led by 2.25 to 1 in NYSE & 2.39 to 1 in Nasdaq
Net new 52 wk high were leading by 25 in NYSE & lows by 44 in Nasdaq
VIX UP .46% @ 19.46
Oil @ $70.46
Gold @ $1807.10
Canadian $ @ .7331
Portfolio CNX HST MGM WEED LSPD NCLH PLTR RIOT UAL XPEV
Stocks which closed green included LSPD PLTR XPEV
AG TECK PYPL TWTR MGNI AMD MSFT PANW
GOOS ZI CRWD ESTC DDOG MRNA ASML
NVDA TWLO TSLA EXPE....
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was weak despite better inflation news. This market profile has been tough all along never predictable from day to day due to Covid-19 disruptions. Some stocks benefitted earlier but are pulling back. It is a uncertain rotation which is very hard to have a winning strategy. Best one can do is to understand unpredictability of this market. Stay broadly diversified with conviction & patience.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
Sold SNAP @ 70.93
Stocktrader
Hi Saleem,
Sold BMBL @ 53.25
Stocktrader
Hi Saleem,
Trimmed some ZENV @ 16.12
Stocktrader
Hi Stocktrader,
Nice moves with SNAP BMBL & some ZENV....
Now you are loaded with serious firepower.....
Saleem
Hi Stocktrader,
Sold PLTR @ $27.00
Saleem
Hi Saleem,
Nice gains on PLTR $$!
Stocktrader
Hi Saleem,
Sold ELY @ 30.26 to take advantage of today's run-up
Stocktrader
Hi Saleem,
Trimmed a little more ZENV @ 16.95
I'm just really nervous about the huge supply of IPOs and SPACs for months now to weigh on everything new.
Stocktrader
Hi Stocktrader,
Good luck with your strategy.
Comfort level needs to be very high going forward.
Saleem
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