Indices closed mixed.
S&P 500 @ 2827.22, high 2829.91, low 2796.34
RSI @ 60.03
CMF @ 0.175
Internals were :
UP volume led by 1.24 to 1 in NYSE & 1.93 to 1 in Nasdaq
Advancing stocks were leading by 1.37 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & lows by 3 in Nasdaq
VIX Down 7.30% @ 12.19
Oil @ $68.96
Gold @ $1220.10
Stocks which were UP 1% or more included AMD BIDU NVDA SQ
FB AMZN PANW MU VICR SHOP INTC SPLK AAPL DNKN
JKS LULU MRVL MSFT NFLX QRVO ROKU SPWR TSLA
TWTR YUM NTNX TK RIG FNSR ORCL OSTKSWKS
NKE CMG M.....
In my portfolio :
Sold AMD @ $18.84 AH
Bought FB @ $176.53 AH
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE recovered nicely from Dow being down 200 to almost flat, every trade related selling is being met with strategic buying of strong stocks. Nasdaq was the strongest with 1.24% UP move. Leadership is back in FANG and other strong stocks. There is jobs report @ 830 AM, it has been strong in terms of jobs growth, I do not expect this report to be any different, hotter the better which means economy is percolating. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Saleem,
I'm running out of cash for new ideas! Today's TRUP looks very promising, but again, I can't find anything to sell.
Stocktrader
Hi Saleem,
And good luck with the AMD/FB swap--it's already working!
Stocktrader
Hi Stocktrader,
You are very good in "trim & buy format"....
Good luck with creativity for buying $$$$$
Saleem
Hi Saleem,
Sold KIDS @ 27.85
With the big runup in recent months, and a looming secondary after the IPO, I want to step to the sidelines here and let the story mature more.
Bought TRUP @ 38.85
I think pet insurance could be a very big industry in the US and these guys are the first movers in the space. With the good earnings last night, positive analyst commentary and price target raises, and massive short interest in the name, I feel like it's worth taking a shot here.
Stocktrader
Hi Stocktrader,
Good luck with TRUP.
Saleem
Hi Saleem,
Sold IOVA @ 13.79
I bought this on a chart and analyst recommendation, but I don't know if I really believe in the company itself. As I searched and searched for a stock to sell, this became the one.
Bought PS @ 26.44
Although I didn't get a great entry, I really wanted exposure to this company that provides technology-skill training to people and corporations. It seems like this idea has a long runway ahead.
Added a small amount to APPN @ 30.26
I think their conference call was really positive, showing increased momentum among current and new clients. This company reminds me of SPLK a few years ago when companies didn't really understand how much they needed them. I think APPN is in the early innings of the low-code growth story to aid corporate functionality. The recent acquisition of one of their few competitors both speaks to relatively low comparative valuation and potentially decreased competition as that competitor gets absorbed by a bigger company.
Stocktrader
Hi Stocktrader,
Good luck with PS and more APPN...
Saleem
Bought back SQ @68.25. What was wrong with this today, I am on vacation, get to see occasionally
Hi Explorer,
Good luck with SQ....
Ask what is right with SQ...price for you$$$$
Enjoy your vacation.
Saleem
Hi Explorer,
Well played--good luck with SQ again!
Stocktrader
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