Tuesday, February 12, 2019

Indices UP 1.40% to 1.59%.....NICE !!!!

Indices are sharply higher and S&P 500 @ top of its current range. Indices are @ high of the day, its the wall today which is carrying the day.

S&P 500 @ 2747.65, high 2748.19, low 2722.61

Internals are positive by 3 to 1

Oil UP $1.18

Gold UP $2.80

Canadian $ UP 65 tick @ .6761

VIX Down 4.32% @ 15.28

Portfolio SQ TSLA TWTR

Most stocks are UP

@ 2.05 following are red :

TSLA SHOP AMD MTCH NIU AEM GG
JKS PANW FNSR MCD CMG M....

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Even though my instincts have been off this year so far, I had to take some profits, especially in the software sector in which I really feel like valuations are getting stretched on top of the significantly overbought conditions.

Sold SAIL @ 31.50

Sold TENB @ 28.91

I still consider these the best of the valuations, so I would look to enter on fairly small pullbacks of 3-5% probably.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold ANGI @ 17.11

This didn't work out post-earnings and may need more time to get business and price moving in the right direction. It's on my watch list for breakout at some point.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought EAF @ 13.90

The chart looks ripe for a breakout and economic activity appears to be going in the right direction. The stock is very cheap due to pricing concerns, but some analyst consider it overblown. I think investor sentiment drove P/E contraction, so I think there's room to ramp back up some.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought AA @ 28.47

I think commodities are still underowned as the world discounts an economic slowdown, so I think there's room for upside as events play out positively. I'm not sure how long I'll stay here, but I wonder if the upcoming sanctions on Russia play a role in aluminum prices too.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with EAF & AA

Was tied up with major snow storm which is still going on....

Saleem