Thursday, December 16, 2021

Indices closed down .08% to 2.47%....

Indices closed down.

S&P 500 @ 4668.67, low 4651.84, high 4731.99

RSI @ 52.64

CMF @ -0.042

Internals were :

Down volume led by .97 to 1 in NYSE & 1.76 to 1 in Nasdaq

Declining stocks led by 1.03 to 1 in NYSE & 1.93 to 1 in Nasdaq

Net new 52 wk high were leading by 39 in NYSE & lows by 136 in Nasdaq

VIX UP 6.64% @ 20.57

Oil @ $72.38

Gold @ $1798.20

Canadian $ @ .7224

In my portfolio:

Sold 70% SNAP @ $44.65

Bought BTCC.TO @ $9.84

Bought SU.TO @ $30.70

Portfolio  CNX HST MGM SNAP BTCC SU NCLH UAL

Stocks which closed green included SU

TJX AG GE TECK X PAAS PCX 

CLF IBM PFE GOLD INTC NEM

MTCH TD NVAX CVX MCD 

AEM SLB MA V MS....

AH futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure in technology after overnight hangover. Poor Marty Zweig was being misquoted to explain today's TAPE, this is a normal routine for market to reevaluate next day over & over. It is the message of the market which should be noted. Excess always is dealt with one way or the other sooner or later.. VIX surprisingly was tepid which is a good thing. Internals were slightly negative which is also a good thing FWIW.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi stocktrader,

Added 100% BTCC.TO @ $9.53

Bought RIOT @ $22.80

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the new positions, especially the bitcoin exposure!!

Stocktrader