Thursday, April 30, 2020

Indices closed down .28% to 1.17%.....

Indices closed down.

S&P 500 @ 2912.43, low 2892.47, high 2930.91

RSI @ 57.87

CMF @ 0.110

Internals were :

Down volume led by 2.97 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new 52 wk highs were leading by 13 in NYSE & 20 in Nasdaq

VIX UP 9.35% @ 34.15

Oil @ $18.84

Gold @ $1694.20

Canadian $ @ .6086

Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR

Stocks which closed green included... DDOG
MSFT AAPL GILD ROKU BIDU BA WB
HUYA FB AMZN FEYE GOOG NFLX 
YY LNG OSTK....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was overbought big time Wednesday night, every stock was making another move higher by 7% to 10% AH on FB and other earnings report, FB jumped $30 last night, a sign of euphoria taking place. I have a feeling that we may have made a top in technology stocks for now. I will be looking to reduce my exposure in an opportunistic manner.

BLOG does NOT give buy or sell.

Saleem

17 comments:

Stocks100 said...

Hi Stocktrader,

Sold AMD @ $50.71

Sold TWTR @ $27.65

Both sold in pre market.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with reduced exposure per last night's note.

Maybe you'll find some bargains in coming days! :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Bought MGM @ $15.60 in pre market

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with MGM!

I might buy DKNG and WDC today. Looking to sell AVGO.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought WDC @ 40.10

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold AVGO @ 266.75

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought DKNG @ 19.25

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with DKNG & WDC....

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought KRA @ 14.25 on this dip

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with KRA...

Saleem

psrajpal said...

Hi Saleem,

Bought KRA@14.04 on pullback. Added a small position in CNX @10.15
Sold VIR (MRNA news killed it) and CGC (expectation of Legalization in US may come but seems the optimism is fading)

Sharing my holdings : BLPH LVGO CNX KRA HEPA ONEM BHVN OPK NAIL HCAT PS

Market downside has created good opportunities again.

Thanks

Paramjeet

Stocks100 said...


Hi Paramjeet,

Good luck with KRA & CNX...

Good luck with your portfolio!

Saleem

stocktrader_1996 said...

Hi Paramjeet,

Good luck with the new stocks and overall portfolio!

Any thoughts on AMD?

Stocktrader

psrajpal said...

Thanks Saleem and Stocktrader. AMD below 50 is a great add. The numbers were not too bad based upon the overall macroeconomic situation.

Thanks

Paramjeet

psrajpal said...

The fall today is mostly linked with Trump indication of Trade war with China 2.0. Dust will settle and AMD will be back to its new highs with economic recovery.

Thanks

Paramjeet

explorer said...

Tech with AMZN is also contributing to the downfall. Joined you both with KRA shares @13.77

Stocks100 said...

Hi Explorer,

Good luck with KRA....

Saleem