Indices closed down.
S&P 500 @ 2237.40, low 2191.86, high 2300.73
RSI @ 30.16
CMF @ -0.042
Internals were :
Down volume led by 3.03 to 1 in NYSE & .75 to 1 in Nasdaq
Declining stocks led by 3.32 to 1 in NYSE & 1.60 to 1 in Nasdaq
Net new 52 wk lows were leading by 1271 in NYSE & 714 in Nasdaq
VIX Down 6.74% @ 61.59
Oil @ $23.36
Gold @ $1567.60
Canadian $ @ .5455
Portfolio AMD CIEN TNA JD LK XLE TWTR GDX
Stocks which closed 2% or higher included AMD JD TWTR GCX
MU JKS LYFT SQ SPWR RUN ROKU NVDA TWLO UBER
SHOP AMAT NFLX YY SNAP NTNX WYNN OSTK CMG...
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE was under pressure pre-market then Fed came with all in, rally stalled after open as US Senate voted down twice stimulus package. Nasdaq behaved the-best whole day and went green many times. Many Nasdaq stocks participated in today's trading. VIX went down which may accelerate on strong Tuesday TAPE.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem,
Sold MOMO @ 24.00
Stocktrader
Hi Stocktrader,
Perfect timing on MOMO$$$$$
Added 150% CIEN @ $36.60
Saleem
Hi Saleem,
Good luck with more CIEN!
I was trying to poke at some homebuilders (DHI probably) today as I think their backlog keeps them mostly busy through this country pause, and then low rates will create a nice demand once people start moving again. Now I just have to decide to actually buy something up nearly 20% in a single day lol.
Stocktrader
Hi Stocktrader,
20% move is nothing compared to upcoming 200% move by 2021.....
Saleem
Hi Saleem,
Bought PHM @ 21.38
With strong new orders and backlog, I think these guys could be well positioned to make it through the transitional pause of the economy.
Anecdotally, we are using them to build our new house, and have been pleased with the flexibility and communication.
Stocktrader
Hi Stocktrader,
Good luck with PHM....
I also have a buy order for PHM after checking their Sales & EPS trend...looks strong$$$$
Good luck with more upgrades on the house..now that bear market ended today....
Saleem
Hi Stocktrader,
Bought PHM @ $21.14
Saleem
Hi Saleem,
Good luck to us! :)
Stocktrader
Hi Stocktrader,
Bought SU @ $11.60....
Saleem
Hi Saleem,
Good luck with SU!
I have no idea what to do with energy stocks, even alternative ones.
Stocktrader
Hi Stocktrader,
SU is fully integrated from producer to processing crude to gas retailing.
Saleem
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