Tuesday, March 24, 2020

Indices closed UP 8.12% to 11.37%....NICE !!!!

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
at

12 comments:

  1. stocktrader_1996March 24, 2020 at 9:03 PM

    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

    ReplyDelete
  2. Stocks100March 25, 2020 at 8:21 AM

    Hi Stocktrader,

    Added 200% SU @ $11.90....lucky got filled...

    Saleem


    ReplyDelete
  3. Stocks100March 25, 2020 at 9:09 AM


    Hi Stocktrader,

    Bought ROKU @ $93.00

    Saleem

    ReplyDelete
  4. stocktrader_1996March 25, 2020 at 9:12 AM

    Hi Saleem,

    Good luck with the new buys - great price on SU!

    Stocktrader

    ReplyDelete
  5. stocktrader_1996March 25, 2020 at 10:39 AM

    Hi Saleem,

    Sold HUBS @ 144.23 to take profits

    Wow, what a run.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996March 25, 2020 at 10:41 AM

    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

    ReplyDelete
  7. stocktrader_1996March 25, 2020 at 10:44 AM

    Hi Saleem,

    Sold ACMR @ 29.00 to take profits

    Another winner, time to rotate and find another.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996March 25, 2020 at 10:47 AM

    Hi Saleem,

    Bought AGCO @ 46.70

    I think agriculture takes on a more prominent role here.

    Stocktrader

    ReplyDelete
  9. Stocks100March 25, 2020 at 11:29 AM


    Hi Stocktrader,

    Good moves in booking profit$$$$$

    Good luck with FB, AGCO...

    Saleem

    ReplyDelete
  10. stocktrader_1996March 25, 2020 at 1:04 PM

    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

    ReplyDelete
  11. Stocks100March 25, 2020 at 4:18 PM


    Hi Stocktrader,

    Thanks for your take on MU guidance...it is in-line with consensus.

    Saleem

    ReplyDelete
  12. stocktrader_1996March 25, 2020 at 5:19 PM

    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

    ReplyDelete