Indices closed UP.
S&P 500 @ 3090.23, high 3090.95, low 2945.19
RSI @ 37.37
CMF @ 0.102
Internals were :
UP volume led by 3.66 to 1 in NYSE & 3.01 to 1 in Nasdaq
Advancing stocks led by 4.32 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk lows were leading by 172 in NYSE & 102 in Nasdaq
VIX Down 16.68% @ 33.42
Oil @ $46.75
Gold @ $1595.50
Canadian $ @ .6761
In my portfolio...Bought SPWR @ $8.58
Portfolio HUYA IQ LSCC LK SQ SPWR
Stocks which were UP 3% or more included IQ LSCC
MRVL MU ASML AMD BYND TWTR LULU
CIEN AMRN TSM TLRY MCD MSFT TSLA
SHOP AMZN MTCH AAPL SPLK AMAT
CRUS GOOG NFLX YY GS MA MGA
MS MCD SWKS NKE IBM V X....
AH news....PS UP 9.5%, TLRY Down 11.73%
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE opened flattish reflecting jitters before open which was down almost 300, after open we dipped into red then took off gradually and into overdrive by close. Tape closed @ high of the day. Internals were mostly positive. Oil strength is a strong indicator that all will be well going forward.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought RUN @ 19.50
I wanted some alternative energy exposure, and many analysts have raised price targets after earnings.
Stocktrader
Hi Saleem,
Sold BHVN @ 45.77
This was not a core holding idea for me, so I sold it to rotate into VICR.
Bought VICR @ 44.27
This long term story remains intact even if delayed slightly by the China problems. I was very surprised at the lack of decline after really very poor Q1 guidance relative to expectations, so I think that's a sign that investors are definitely looking past the short term and towards the huge ramp starting in 2H 2020 as they've won so many chip contracts for the next gen server and AI chips.
Stocktrader
Hi Stocktrader,
Good luck with RUN & VICR....
Saleem
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