Indices closed UP.
S&P 500 @ 4060.43, high 4061.57, low 4013.29
RSI @ 63.19
CMF @ 0.251
Internals were :
UP volume led by 1.96 to 1 in NYSE & 1.50 to 1 in Nasdaq
Advancing stocks led by 2.35 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new highs were leading by 126 in NYSE & 82 in Nasdaq
VIX Down 1.83% @ 18.73....52 wk low is 18.01
Oil @ $81.01
Gold @ $1930.00
Canadian $ @ .6647
Portfolio ARKK LSPD MGM SOL
Stocks which were UP 1% or more included ARKK MGM
EXAS XPEV JD PDD BIDU MRVL CNX APA CVX
OXY SLB SNAP BTR MOS FSLR NIO PYPL MU
CRM AAPL WYNN LVS QCOM QRVO SWKS
MGNI CLF AI SNOW MSFT PANW NXPI ZI
ZM CRWD ESTC DDOG NVDA META TSLA
GOOG BROS AMZN CMG X SHOP....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed @ highest point despite attempt to react to better than expect economic data in USA. Nasdaq strength has put credibility of many pundits into serious question, never try to even think that one is smarter than market. Friday could be another winning day despite super bad earning from INTC.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold ENVX @ 7.78 on re-think
I bought this on the deep pullback and potential for short squeeze but upon further consideration I think the corporate issues will keep it in the penalty box for now. I will look for a different speculative position.
Stocktrader
Hi Saleem,
Short squeezes appear to be ruling today, but I don't think this is a 2020 repeat. Solid fundamentals should win over technical buying more quickly here as many of these shorted companies are starved for funding and will look to raise funds if prices improve dramatically, which is different than a few years ago. Just my thoughts :)
Stocktrader
Hi Saleem,
Bought SI @ 13.62 for a speculative position
With massive short interest and so much negative price action and press lately, it may have burst potential in this environment.
Stocktrader
Hi Stocktrader,
Good luck with SI....
Talking of short squeeze, look @ LCID , see how far UP UP it went today...
Saleem
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