Indices closed UP.
S&P 500 @ 3276.24, high 3285.78, low 3253.22
RSI @ 54.40
CMF @ 0.219
Internals were :
UP volume led by 2.96 to 1 in NYSE & 3.23 to 1 in Nasdaq
Advancing stocks led by 2.26 to 1 in NYSE & 2.17 to 1 in Nasdaq
Net new 52 wk highs were leading by 138 in NYSE & 43 in Nasdaq
VIX Down 10.70% @ 16.28
Oil @ $53.48
Gold @ $1569.80
Canadian $ @ .6821
Stocks which were UP 2% or more included QCOM LK IQ
ROKU AMD CIEN SQ TSM LRCX SHOP AAL PHM
AAPL OLED QRVO YY BABA SINA OSTK SWKS
M......
In my portfolio :
Sold XLNX @ $91.00 in AH
Bought LK @ $39.16 in AH
Portfolio LSCC LK MRVL QCOM
AH news...XLNX Down 8.73%, EBAY Down 5.14%
AMD Down 4.53%, EAT UP 9.27%
XLNX reported a beat in EPS and a slight miss in Sales,
Guidance was well below consensus due to HUAWEI
China US trade impact...thus my exit from XLNX.
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE came back roaring and closed near high of the day, Corona Virus has been discounted as not as big as any other in recent memory. Earnings were as predicted some good most fully priced in. Stock selections needs to be looked with heavy discounting already done in many stocks. Going forward quality, growth and discounted story will be rewarded.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Good luck with LK--moving already!
Stocktrader
Hi Saleem,
Wow it's volatile--was up over $1 premarket when I wrote that.
Stocktrader
Hi Stocktrader,
LK...that is the life story in Fast Lane of Wall Street..UP Down and sideways....
Added 75% LSCC @ 20.80
Saleem
Hi Saleem,
Good luck with more LSCC. I am tempted a little by AMD here--probably will wait to see how the week shapes up.
Stocktrader
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