Tuesday, November 23, 2021

Indices closed Mixed....

 Indices closed mixed.

S&P 500 @ 4690.70, high 4699.39, low 4652.66

RSI @ 64.26

CMF @ 0.072

Internals were :

Down volume led by .78 to 1 in NYSE & 1.06 to 1 in Nasdaq

Declining stocks led by 1.27 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new 52 wk lows were leading by 166 in NYSE & 416 in Nasdaq

VIX UP 1.10% @ 19.38

Oil @ $78.50

Gold @ $1783.80

Canadian $ @ .7284

In my portfolio :

Sold XPEV @ $51.20

Added 60% MGM @ $42.51

Portfolio CNX HST MGM SNAP NCLH UAL

Stocks which were UP 2% or more included HST SNAP XPEV

AFRM BITO SU CCJ APA CNQ FCX TD KBH JD CVX 

WB LRCX EXPE OXY SLB MA MS.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was mixed @ close with DOW firmly UP with S&P 500 closing green, Nasdaq was weak again and closed lower, this confirmation of down cycle for Nasdaq is very disturbing for overall market as majority of investors & traders are technology focus. This TAPE has become very difficult, booking any profit has to be a very high priority. Only Oil / Energy sector seems to have bullish trend.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with more MGM!

Sold IONQ @ 25.22
Sold BLNK @ 38.94

Getting rid of the most speculative names and raising cash for opportunities.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to some underweights:

Added to GMBL @ 5.20
Added to BMEA @ 11.06
Added to FSLR @ 105.29

Enough cash for one position.

Stocktrader

Stocks100 said...


Hi stocktrader,

Good luck with more of higher comfort level stocks....

Saleem