Monday, February 3, 2020

Indices closed UP .51% to 1.34%....NICE !!!!

Indices closed UP.

S&P 500 @ 3248.92, high 3268.44, low 3235.66

RSI @ 48.42

CMF @ 0.095

Internals were :

UP volume led by 1.67 to 1 in NYSE & 1.96 to 1 in Nasdaq

Advancing stocks led by 1.77 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new 52 wk highs were leading by 46 in NYSE & lows by 4 in Nasdaq

VIX Down 4.62% @ 17.97

Oil @ $50.11

Gold @ $1582.40

Canadian $ .6700

Portfolio LSCC LK MRVL QCOM

Stocks which were UP 2% or more included HUYA IQ ASML
ROKU WB AMD CLDR LULU NIO CIEN BZUN SQ TWLO
BIDU MSFT TSLA UBER LRCX SPLK AMAT BABA MA
NFLX GOOG SINA ULTA NKE M.....

AH news...GOOG Down 4.10%

AH futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE surprised many including me by opening higher and went further UP, by closed it closed UP. Reason is hard to figure out IF Corona Virus has been discounted so quickly while fatalities are rising daily and infection spreading into many countries, but this kind of surprise is a welcome relief to all participant. DOW SOX IWM are all below 50 DMA while S&P 500 moved above to join Nasdaq.

BLOG does NOT give buy or sell.

Saleem


6 comments:

stocktrader_1996 said...

Hi Saleem,

I hope all is well with family!

Sold PTON @ 34.03 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought LITE @ 84.90 on great earnings, guidance, and future growth drivers

Stocktrader

Stocks100 said...


Hi Stocktrader,

My sister got a very discouraging answer from Memorial Kettering Sloan Cancer Center, they stopped all treatment after 2 years...liver cancer has spread to kidney..thus dangerous to treat anything.

Good luck with LITE.

Saleem

stocktrader_1996 said...

Hi Saleem,

Very sorry to hear about your sister.

Will keep you both in my thoughts and prayers.

Stocktrader

Raja said...

Hi Saleem,

Very sorry to hear.

We pray for you and your sister.

you are a great person...!

Raja

Stocks100 said...


Hi Stocktrader & Raja,

Appreciated your caring comment.

Thanks,

Saleem