Indices closed UP.
S&P 500 @ 2447.33, high 2449.71, low 2344.44
RSI @ 39.24
CMF @ 0.041
Internals were :
UP volume led by 16.22 to 1 in NYSE & 7.05 to 1 in Nasdaq
Advancing stocks led by 8.55 to 1 in NYSE & 6.21 to 1 in Nasdaq
Net new 52 wk lows were leading by 150 in NYSE & 107 in Nasdaq
VIX UP .13% @ 61.67
Oil @ $24.01
Gold @ $1660.80
Canadian $ .5514
In my portfolio :
Bought SU @ $11.60
Bought PHM @ $21.14
Added 150% CIEN @ $36.60
AH Sold AMD @ $46.29
AH Sold JD @ $41.44
AH Bought MU @ $43.80
Portfolio CIEN TNA LK MU PHM XLE SU TWTR GDX
Stocks which were UP 11% or more included AMD CIEN LK
MU PHM SU JKS LYFT BYND NVDA MCD TSLA UBER
LRCX SHOP AMAT EXPE OLED QRVO SQ NTNX LNG
WYNN GS MA V MS ULTA SWKS NKE KBH ...
After close on Wednesday, MU is reporting, following are expected :
This Q Sales $4.69 Billion, EPS 37 cents
Guidance next Q Sales $4.88 Billion, EPS 53 cents
Expecting a beat in Sales & EPS......
AH Futures Down
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE went into a wild UP move which was the best UP move for DOW since 1933. Internals were mostly positive. VIX did not budge which may put pressure for Wednesday TAPE. Strategic buying & selling is highly recommended, buy the weakness and sell strength must be in focus.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Saleem,
Nice job selling some things high to look for new opportunities!
Good luck with MU tomorrow night - I am nervous about what kind of guidance they may give, but maybe especially with regards to capex, so I'm probably going to sell ACMR tomorrow to take profits.
Stocktrader
Hi Stocktrader,
Added 200% SU @ $11.90....lucky got filled...
Saleem
Hi Stocktrader,
Bought ROKU @ $93.00
Saleem
Hi Saleem,
Good luck with the new buys - great price on SU!
Stocktrader
Hi Saleem,
Sold HUBS @ 144.23 to take profits
Wow, what a run.
Stocktrader
Hi Saleem,
Bought FB @ 162.00
Despite the warning on some decreased ad revenue, I thought the commentary was overall positive for the medium and long term.
Stocktrader
Hi Saleem,
Sold ACMR @ 29.00 to take profits
Another winner, time to rotate and find another.
Stocktrader
Hi Saleem,
Bought AGCO @ 46.70
I think agriculture takes on a more prominent role here.
Stocktrader
Hi Stocktrader,
Good moves in booking profit$$$$$
Good luck with FB, AGCO...
Saleem
Hi Saleem,
First look at MU guidance looks pretty amazing, all things considered in this environment. I expect it to do extremely well tomorrow.
Stocktrader
Hi Stocktrader,
Thanks for your take on MU guidance...it is in-line with consensus.
Saleem
Hi Saleem,
Q2 in line with consensus is incredible right now. Data center and PCs are strong - that should clearly help AMD tomorrow too.
Stocktrader
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