Indices closed UP and @ high of the day, Internals were positive, nice to get confirmation of this UP move. All sectors participated with big gains except energy which took a back seat with modest gains.
S&P 500 @ 3911.74, high 3913.65, low 3821.75
RSI @ 48.66
CMF @ 0.035
Internals were :
UP volume led by 3.34 to 1 in NYSE & 1.68 to 1 in Nasdaq
Advancing stocks led by 4.66 to 1 in NYSE & 2.15 to 1 in Nasdaq
Net new lows were leading by 454 in NYSE & 108 in Nasdaq
VIX Down 6.27% @ 27.23
Oil @ $107.62
Gold @ $1830.30
Canadian $ @ .7077
Stocks which were UP 4% or more included
ARKK HST MGM NCLH PLTR RIOT SOFI UAL
SNAP AMAT LRCX XPEV NIO AFRM SQ
PYPL TJX AG GE CRM LSPD COIN BYD
PENN WYNN LVS M X CLF JBLU MRVL
RCL QCOM AAL CCL FCX DASH AMD
SNOW DOCU SHOP DAL ZM CRWD
ESTC SPLK NKE BA NVDA META TSLA
GOOG NFLX MA MS V....
Here is my portfolio weighting :
ARKK 31.59%
UAL 17.07%
MGM 16.38%
HST 12.80%
PLTR 10.03%
NCLH 5.86%
BTCC 5.02%
SOFI 1.15%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
I'm off to Colorado in the morning so here's the weekly recap:
Last week: +15.31% (YTD: -14.22%)
Notable Leaders: BMEA GTLB MDB COUP PATH SNAP UPWK UPST
Notable Laggards: ZENV
In a spectacular week for the markets, the portfolio outperformed nicely. Weak data brought about a decrease in rates and commodities fueling speculation the Fed may not have to go as aggressively in the future. I expect the path forward to still be choppy, but I think we may have seen the worst for stocks, and it's just a matter of being involved with true winners now. I hope I have that right mix for the next move, and plan to keep adjusting the portfolio as needed.
Holdings: GTLB COUP SNAP LYFT PLAY PATH UPWK ENPH MDB UPST IONQ BMEA ZENV, cash 0%
Stocktrader
Hi Stocktrader,
Last week UP 9.32%
YTD Down 7.73%
Enjoy Colorado!
Stunning performance by your portfolio.....
Saleem
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