Indices closed down
S&P 500 @ 3908.10, low 3886.75, high 3943.55
RSI @ 34.18
CMF @ -0.104
Internals were :
Down volume led by7 2.18 to 1 in NYSE & 1.69 to 1 in Nasdaq
Declining stocks led by 2.46 to 1 in NYSE & 2.10 to 1 in Nasdaq
Net new lows were leading by 306 in NYSE & 364 in Nasdaq
VIX UP 3.54% @ 26.91
Oil @ $86.88
Gold @ $1712.90
Canadian $ @ .6875
Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV
Stocks which closed 1% or more included SOL UAL
JKS NCLH RCL FSLR SPWR RUN ENPH SEDG
HOOD LULU TECK X CLF DKNG TSLA LAC
JWN AAL ULTA CMG.....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE remains firmly in bearish mode, oversold bounce lasted 15 minutes @ open. Internals were weak. Solar stocks are outperforming in a big way TAN may be a good way to participate. There is some pulse in Airlines & Cruise Lines. Looks like lower lows is in the card until firm support is found.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold MTTR @ 4.22
I made a mistake on this one as the large tie to the housing market will weigh on growth going forward more than the market will forgive.
Added to ENVX @ 19.79
Added to IONQ @ 5.38
Added to SYM @ 10.81
Added to ZENV @ 2.10
I took the opportunity to add to other growth names favorites.
With energy and gas falling again today, I think we are really going to see better inflation numbers ahead, which should help the Fed come off the brakes somewhat.
Stocktrader
Hi Stocktrader,
Good to reposition and good luck with additional weighting.
YES...Oil retraction is very good for consumers and policy makers....
Saleem
Hi Saleem,
I trimmed a little PLAY into earnings @ 44.05
Stocktrader
Hi Saleem,
Added to LYFT @ 14.72
Added to FLL @ 7.14
Added to UPWK @ 17.17
Added to IONQ @ 5.30
I'm trying to stay fully exposed right now.
Stocktrader
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