Monday, March 23, 2020

Indices closed down .27% to 3.04%.....

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
at

11 comments:

  1. stocktrader_1996March 24, 2020 at 6:35 AM

    Hi Saleem,

    Sold MOMO @ 24.00

    Stocktrader

    ReplyDelete
  2. Stocks100March 24, 2020 at 6:59 AM

    Hi Stocktrader,

    Perfect timing on MOMO$$$$$

    Added 150% CIEN @ $36.60

    Saleem

    ReplyDelete
  3. stocktrader_1996March 24, 2020 at 7:24 AM

    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

    ReplyDelete
  4. Stocks100March 24, 2020 at 7:37 AM


    Hi Stocktrader,

    20% move is nothing compared to upcoming 200% move by 2021.....

    Saleem

    ReplyDelete
  5. stocktrader_1996March 24, 2020 at 7:42 AM

    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

    ReplyDelete
  6. Stocks100March 24, 2020 at 7:59 AM


    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

    ReplyDelete
  7. Stocks100March 24, 2020 at 8:05 AM


    Hi Stocktrader,

    Bought PHM @ $21.14

    Saleem

    ReplyDelete
  8. stocktrader_1996March 24, 2020 at 8:10 AM

    Hi Saleem,

    Good luck to us! :)

    Stocktrader

    ReplyDelete
  9. Stocks100March 24, 2020 at 10:53 AM


    Hi Stocktrader,

    Bought SU @ $11.60....

    Saleem

    ReplyDelete
  10. stocktrader_1996March 24, 2020 at 11:21 AM

    Hi Saleem,

    Good luck with SU!

    I have no idea what to do with energy stocks, even alternative ones.

    Stocktrader

    ReplyDelete
    Replies
    1. Stocks100March 24, 2020 at 11:51 AM

      Hi Stocktrader,

      SU is fully integrated from producer to processing crude to gas retailing.

      Saleem

      Delete