Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3115.34, high 3120.00, low 3093.51

RSI @ 56.99

CMF @ 0.171

Internals were :

Down volume led by 1.11 to 1 in NYSE & .50 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.03 to 1 in Nasdaq

Net new 52 wk highs were leading by 54 in NYSE & 105 in Nasdaq

VIX Down 1.58% @ 32.94

Oil @ $38.84

Gold @ $1731.10

Canadian $ @ .6402

In my portfolio...all in early pre market

Sold CIEN @ $53.63
Added 40% AAL @ $16.40
Added 80% CCL @ $17.68

Portfolio AAL CCL CNX MGM SU

Stocks which closed green included GOOS SHOP ROKU
APA MTCH GAN ZM CRWD ESTC DDOG TLRY 
ENPH PINS NVAX SEDG ELF TWLO YY ORCL
MSFT......

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed with Nasdaq marching towards new all time highs, Nasdaq is leading while other indices / index should follow. This TAPE has surprised many skeptics who have loved shorting in the past, this market has not rewarded puts / short position except on rare bout of profit taking. Staying long with conviction and patience is the key, have a strategy which is more like swing trading to optimize profit.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed