Friday, November 26, 2021

Indices closed down 2.23% to 2.53%.....

 Indices closed down in reaction to South African variant of COVID-19 which is much more contagious, many countries have banned passengers from that & surrounding countries or who have travelled to those destinations or have been exposed. Nobody was ready for this news thus sharp selling on the news.

S&P 500 @ 4594.62, low 4585.43, high 4664.63

RSI @ 44.44

CMF @ 0.081

Internals were :

Down volume led by 8.14 to 1 in NYSE & 2.42 to 1 in Nasdaq

Declining stocks led by 5.84 to 1 in NYSE & 3.99 to 1 in Nasdaq

Net new 52 wk lows were leading by 264 in NYSE & 310 in Nasdaq

VIX UP 54.04% @ 28.62

Oil @ $69.22

Gold @ $1808.90

Canadian $ @ .7235

Stocks which closed green included SNAP

AFRM ROKU AI DASH BIDU PINS

PFE MRNA NVAX DMNG SNOW

NEM DOCU ZM CRWD DDOG

BYND TWLO AEM NFLX....

Here is my portfolio weighting :

MGM      26.19%

CNX       23.32%

HST       23.13%

SNAP    11.22%

UAL         9.92%

NCLH      6.22% 

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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