Indices closed down.
S&P 500 @ 2783.36, low 2761.54, high 2801.88
RSI @ 53.51
CMF @ 0.117
Internals were :
Down volume led by 8.63 to 1 in NYSE & 1.85 to 1 in Nasdaq
Declining stocks led by 4.77 to 1 in NYSE & 3.43 to 1 in Nasdaq
52 wk net lows were leading by 26 in NYSE & 1 in Nasdaq
VIX UP 8.16% @ 40.84
Oil @ $19.87
Gold @ $1740.20
Canadian $ @ .5880
In my portfolio...bought TWTR @ $27.18
Portfolio AAL APA CCL CIEN CNX JD MGM SU TWTR
Stocks which closed green included AAL CNX JD
ROKU SHOP BA LULU TWLO TSLA AMZN
UAL MTCH BABA NFLX......
AH futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE opened lower and closed near low of the day. Economic data in USA was weak as expected under Corona shutdown, but market was surprised and extensive 2 cents analysis carried on whole day. These pullbacks gives you a chance to rethink about your portfolio and adjust based on current momentum. Strong stocks exists in each sector, so pay attention in your selection.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Bought ASH @ 54.86
I thought their preannouncement was pretty good and I wanted some cyclical exposure.
Stocktrader
Hi Saleem,
Bought WDC @ 41.67
Stocktrader
Hi Saleem,
Bought MCHP @ 79.29
As an "industrial" semi with transparent management, I like the play.
Stocktrader
Hi Stocktrader,
Sold JD @ $46.36
Bought MU @ $45.61
Good luck with MCHP,WDC & ASH
Saleem
Hi Saleem,
Good luck with the swap!
The market feels a lot better today...
Stocktrader
Hi Saleem,
Bought KRA @ 8.62
Trying to get a little more exposure, although the news literally just breaking that Cuomo has extended the lockdown until may 15th is disappointing.
Stocktrader
Hi Stocktrader,
Good luck with KRA...
It is a battle of Cuomo vs Trump......market is listening to Cuomo....
Saleem
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