Indices closed mixed.
S&P 500 @ 3325.54, high 3326.88, low 3301.87
RSI @ 73.69
CMF @ 0.286
Internals were :
Down volume led by 1.12 to 1 in NYSE & .85 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk highs were leading by 258 in NYSE & 101 in Nasdaq
VIX UP .54% @ 12.98
Oil @ $55.59
Gold @ $1565.40
Canadian $ @ .6851
Stocks which closed green included MRVL XLNX LK
HUYA ROKU WB AMD NVDA SQ SPWR LYFT
UBER SHOP UAL AAL PHM FSLR CGC CRUS
NFLX QRVO INTC MGA MCD MSFT KBH....
AH news...INTC UP 5.57%, SWKS Down 2.5%
In my portfolio;
Bought QCOM @ $92.90
Bought MRVL @ $27.78
Portfolio SOXS QCOM MRVL.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE reacted positively on WHO announcement that current virus crisis is not international, by erasing losses and mostly closed in green and closed near high of the day, this is extremely positive for bulls. Nasdaq made a new all time highs. Going forward TAPE will be performance driven not all boats to be lifted.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Stocktrader,
Bought XLNX @ $103.20 in pre market.
Saleem
Hi Saleem,
Good luck with new semis positions!
Bought AVGO @ 327.00 on hopes for catchup after the Apple deal was announced.
Stocktrader
Hi Saleem,
Sold BHVN @ 54.85
Bought LK @ 41.40
BHVN is too binary for my liking when there's other good steady growth companies out there.
LK has been beaten down on the coronavirus situation, but the company is innovating in a huge industry and population. They continue to surprise.
Stocktrader
Hi Stocktrader,
Sold SOXS @ $17.98
Saleem
Hi Stocktrader,
Good luck with LK....have been following closely but went for LSCC @ $22.50.
Saleem
Hi Saleem,
Being short anything has been so terrible this year, even when there are pullbacks or stocks are "supposed" to be down for a given reason.
Good luck with the redeployment of capital.
Stocktrader
Hi Saleem,
IQ could be a good buy-the-dip here possibly.
Stocktrader
Hi stocktrader,
IQ has performed the-best in Chinese junior stocks.
I have allocated 100% exposure now....
Thanks for your suggestion.
Saleem
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