Indices closed down.
S&P 500 @ 2863.39, low 2860.71, high 2921.15
RSI @ 56.04
CMF @ 0.035
Internals were :
UP volume led by 3.42 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.46 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 18 in NYSE & 46 in Nasdaq
VIX UP .84% @ 33.57
Oil @ $12.34
Gold @ $1722.20
Canadian $ @ .6002
In my portfolio...Sold MGM @ $16.30 in pre market....had 2 other sell missed one by 5 cents and other by 10 cents all in pre market.....
Portfolio AMD AAL CIEN CNX DDOG MU SU TWTR
AMD reported a strong earnings report even in Corona driven world.
Sales actual $1.79 billion vs expectation of $1.78 billion...a beat by $1 million
EPS actual 18 cents vs expectations of 18 cents
Guiding sequential growth in Sales for Q 2 of $1.85 billions
21% Y/Y growth......
AMD is among few companies on planet earth which had the guts to give guidance for both next Q and full year. Based on so many unknown they are still guiding full year growth of 25% vs growth of 27.5% previously.....Conference call was extremely upbeat with great optimism for this calendar year ....reward for all that AMD down AH 3.08%.....
Stocks which were UP 1% or more included AAL MGM SU
APA CCL DAL DHI KBH PHM BA VICR SPWR CLDR
UAL EXPE FFIV QRVO MGA MS OSTK ULTA SWKS
X M.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was very strong in pre market and open, then it was downhill with all 3 major indices closing in red and @ low of the day. Internals @ close were all positive which showed real strength of this market. Looks like futures are predicting a strong day on Wednesday based on many good earnings after hour.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Stocktrader,
Bought CLDR @ $8.30
Saleem
Hi Saleem,
Good luck with CLDR!
Bought AKAM @ 94.04
The price decline seems an overreaction to "selling the news" on a good beat-and-raise quarter. The fact that some of their business is cyclical could provide the boost in the back half of the year to show continued performance despite stay-at-home moderating.
Stocktrader
Hi Stocktrader,
Good luck with AKAM.....
Saleem
Hi Stocktrader,
Added 70% CNX @ $10.65
Saleem
Hi Saleem,
Sold KRA to book profits. It went up even further after I sold - Should have held a little longer.
NAIL seem to have legs. It is now in 19.50s. Just in 2-3 sessions, this ETF went up from 13 to 19. Wow!!
Added LVGO at 42.00. TDOC is reporting AH today and is expected to report strong numbers. LVGO and ONEM (Holding from 21s and already had a break out) are expected to move north post TDOC ER
Thanks
Paramjeet
Hi Paramjeet,
Good luck with more LVGO.
Saleem
Hi Saleem/StockTrader,
I took the profits in FB calls & I am happy with them. I didn’t wanted to wait for earnings as other social sites took over their space. I am looking to enter into TWTR
StockTrader, Good luck with AKAM. It’s waiting for some upgrades to come along
Saleem, good luck with CLDR & CNX
Explorer
Hi Saleem,
Sold CWH @ 9.76 to take profits
I need to see how stores will look when consumers return.
Stocktrader
Hi Paramjeet,
I sold so many things late last week and Monday that have completely spiked since doing so - the market is hard to figure sometimes. It's important to stick with comfort levels. Good luck with new positioning!
Stocktrader
Hi Explorer/Saleem,
Explorer, way to go with the FB calls! The ad market has significantly deteriorated, but good news appears on the way.
Saleem, good luck with the new adds!
Stocktrader
Hi guys,
Sad to look at KRA when multiple of us sold this week.
Many stocks making incredible moves...
Stocktrader
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