Indices closed down.
S&P 500 @ 4300.46, low 4278.94, high 4355.51
RSI @ 36.60
CMF @ -0.248
Internals were :
Down volume led by 1.21 to 1 in NYSE & 2.64 to 1 in Nasdaq
Declining stocks led by 1.92 to 1 in NYSE & 2.62 to 1 in Nasdaq
Net new 52 wk high were leading by 15 in NYSE & lows by 152 in Nasdaq
VIX UP 8.56% @ 22.96
Oil @ $77.62
Gold @ $1767.60
Canadian $ @ .7425
In my portfolio :
Sold PLTR @ $23.25
Sold LSPD @ $114.75 in Toronto
Sold 15% CNX @ $13.07
Bought SOL @ $6.31
Added 150% MGM @ $44.72
Portfolio CNX HST MGM RIOT XPEV NCLH SOL UAL
Stocks which were UP 1% or more included CNX
SU CNQ APA OXY SLB LNG TECK NEM
VICR AEM .....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was under selling pressure and took out recent lows. Mass selling in many technology stocks while Oil, Nat Gas Base metals & Gold help up well and saw buying rotation. Many are unwinding their allocation from popular technology names as they have been overbought since pandemic.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold LYFT @ 54.02 to reduce exposure and potential breakdown of chart
Stocktrader
Hi Saleem,
Added to TZA @ 29.17
Energy prices continue to rise - it's a tax on everyone.
Stocktrader
Hi Stocktrader,
Good luck with more TZA...
Hope you have adjusted to potential increase in Capital Gains tax....Biden's gift.....
Saleem
Hi Saleem,
Luckily I trade in a retirement portfolio so that there's no immediate capital gains tax issues (but also why I can't specifically short things and have to use those 3x inverse ETFs so that it's a "long" position).
We'll see what the final bill passage looks like for revised corporate profitability calculations.
Stocktrader
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