Indices closed UP.
S&P 500 @ 4521.54, high 4531.32, low 4465.40
RSI @ 48.13
CMF @ 0.038
Internals were :
UP volume led by 2.03 to 1 in NYSE & 2.36 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.71 to 1 in Nasdaq
Net new lows were leading by 258 in NYSE & 183 in Nasdaq
VIX Down 6.21% @ 21.44
Oil @ $89.36
Gold @ $1827.90
Canadian $ @ .7289
Portfolio HST BTCC CNX MGM NCLH PLTR RIOT SOL UAL
Stocks which were UP 3% or more included
MGM NCLH RIOT SOL UAL
AFRM MU X JBLU RCL CCL
MRVL SWKS AAL LAC MGNI
FCX CLF BIDU PDD BABA
AMD LYFT GOOS DAL PDD
EXPE JWN JKS SLI OSTK...
AH Futures UP
AH Asian Markets UP
AH Oil UP
AH Gold Down
About market, TAPE was strong and closed near high of the day, it was a much more balanced market today in recent memory, restart stocks, Chinese & Semiconductors stocks all participated. Only group which lagged today was FANG an ongoing phenomenon. Internals were mostly positive.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Rebought ENPH @ 157.56 on great earnings and guidance
Despite high valuation, this is clearly a leader.
Stocktrader
Hi Stocktrader,
Good luck with ENPH
Saleem
Hi Saleem,
Trimmed a little off many stocks to raise enough cash for another purchase.
I'm looking at GM potentially as the alleviation of the chip shortage should drive big volumes this year and I think GM has a lot of optionality for its self-driving business despite what seems like nothing happening this year - maybe activists will advocate for a different scenario like spinoff.
Stocktrader
Hi Stocktrader,
Good luck with your strategy, sounds like a well thought out
GM focus....
Saleem
Hi Saleem,
Bought GM @ 50.87 with the thesis I mentioned earlier
Stocktrader
Hi Stocktrader,
Good luck with GM....
Saleem
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