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:
Hi Saleem,
I hope all is well with family!
Sold PTON @ 34.03 to take profits
Stocktrader
Hi Saleem,
Bought LITE @ 84.90 on great earnings, guidance, and future growth drivers
Stocktrader
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
Hi Saleem,
Very sorry to hear about your sister.
Will keep you both in my thoughts and prayers.
Stocktrader
Hi Saleem,
Very sorry to hear.
We pray for you and your sister.
you are a great person...!
Raja
Hi Stocktrader & Raja,
Appreciated your caring comment.
Thanks,
Saleem
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