Indices closed UP.
S&P 500 @ 4023.61, high 4039.56, low 3951.43
RSI @ 53.67
CMF @ 0.322
Internals were :
UP volume led by 5.82 to 1 in NYSE & 4.61 to 1 in Nasdaq
Advancing stocks led by 5.27 to 1 in NYSE & 3.11 to 1 in Nasdaq
Net new lows were leading by 457 in NYSE & 86 in Nasdaq
VIX Down 5.87% @ 23.24
Oil @ $97.26
Gold @ $1719.10
Canadian $ .7113
Portfolio ARKK BTCC HST MGM NCLH PLTR RIOT SOFI UAL
Stocks which were UP 6% or more included ARKK BTCC PLTR RIOT
SOL SHOP AFRM PYPL AG SQ LSPD COIN TRIP ROKU BMBL
MSTR RUN DKNG SNOW MSFT LYFT DOCU ENPH BYND
NVDA TWLO META TSLA GOOG NFLX CMG....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed UP and near high of the day. Fed policy statement was as expected which market liked, BUT next day we do NOT get follow through as rethink takes hold. Most sectors came alive including Crypto currencies. Solar had a good day.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Trimmed ENPH @ 278.50 (was gone this morning, premarket offer that filled)
Trimmed CROX @ 66.04 to take some profits ahead of earnings
Trimmed PLAY @ 36.50 to take some profits ahead of earnings
Bought UPWK @ 19.53 on a downside overreaction to good earnings and guidance
Stocktrader
Hi Saleem,
Trimmed LYFT @ 13.49 ahead of earnings which could be very poor
Added more to UPWK @ 19.48
Stocktrader
Hi Saleem,
Trimmed more LYFT @ 13.75 on questionable earnings power, it's basically a takeover or restructuring idea in my mind and therefore can be lower weight for the wide range of outcomes
Added to UPWK @ 18.99 on de-risked valuation
Stocktrader
Hi Stocktrader,
Good move in booking profit and some tactical move before earnings.
Good luck with UPWK
Saleem
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