Indices closed mixed.
S&P 500 @ 2475.56, high 2571.42, low 2407.53
RSI @ 40.36
CMF @ 0.071
Internals were :
UP volume led by 4.13 to 1 in NYSE & 1.54 to 1 in Nasdaq
Advancing stocks led by 4.66 to 1 in NYSE & 2.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 84 in NYSE & 67 in Nasdaq
VIX UP 3.70% @ 63.95
Oil @ $24.49
Gold @ $1633.40
Canadian $ @ .5659
In my portfolio...
Added 200% SU @ $11.90
Bought ROKU @ $93.00
Portfolio CIEN TNA LK MU PHM ROKU XLE SU TWTR GDX
Stocks which were UP 2% or more included LK PHM SU
NKE BA VICR LYFT HUYA SQ RUN BYND CLDR
BZUN TLRY TSLA SHOP EXPE OLED PANW YY
FSLR WYNN LVS MA MS V ULTA KBH M...
MU reported a beat in Sales & EPS in Q 2 plus gave in-line guidance for Q 3
Sales Q 2 actual $4.8 billion vs expected $4.69 billion, a beat by $110 million
Q 2 EPS actual 45 cents vs expected 37 cents, a beat by 8 cents
Guidance Q 3 Sales $4.6 to $5.2 billion vs expected $4.88 billion
Guidance EPS Q 3 40 cents to 70 cents vs expected 52 cents
Conference call was confident & upbeat despite horrendous uncertainty about Corona Virus impact in China and other countries where they manufacture & sell.
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE finally closed with 2 UP days in a row in DOW & S&P 500. Internals were mostly positive except VIX stuck in the mud @ super elevated level. Many stocks were jumping as much as 20% for several days from panic lows. IF politicians get their act together, we may make it 3 in a row which will get many traders, institutions very excited about market.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Stocktrader,
Bought AMD @ $45.70
Saleem
Hi Saleem,
I think that's a great buy - good luck!
Stocktrader
Hi Saleem,
Sold PHM @ 25.23 to take profits and raise cash for other ideas.
I worry about when buyer traffic and buying will actually return, and how that may impacts these companies.
Stocktrader
Hi Saleem,
Bought BAND @ 70.83 on a good chart and business momentum
Stocktrader
Hi Stocktrader,
Sold PHM $25.30
Sold SU $14.92
Sold GDX $27.20
I had 11 stocks which was hard to keep track of....now down to 8 stocks!!!!
Saleem
Hi Stocktrader,
Sold XLE @ $30.06
Saleem
Hi Saleem,
Great gains on all!
Good luck with simplified portfolio, but probably some new picks too! :)
Stocktrader
Hi Stocktrader,
Added 50% ROKU @ $92.00
Saleem
Hi Stocktrader,
Good luck with BAND!
Saleem
Hi Saleem,
Good luck with more ROKU!
Stocktrader
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