Wednesday, April 1, 2020

Indices closed down 4.41% to 4.44%.....

Indices closed down.

 S&P 500 @ 2470.50, low 2447.50, high 2522.75

 RSI @ 41.85

 CMF @ 0.014

 Internals were :

 Down volume led by 10.96 to 1 in NYSE & 3.32 to 1 in Nasdaq

 Declining stocks led by 9.52 to 1 in NYSE & 7.08 to 1 in Nasdaq

 Net new 52 wk lows were leading by 137 in NYSE & 70 in Nasdaq

 VIX UP 6.57% @ 57.06

 Oil @ $20.31

 Gold @ $1591.40

 Canadian $ @ .5773

 Portfolio AMD CIEN LK MU ROKU TWTR

 Stocks which closed green included CIEN 
JD IQ NEM AEM ORCL X CNX....

 AH Futures UP

 AH Asian Markets Down

 AH Oil & Gold UP

 About market, TAPE reacted negatively to updates about Corona Virus impact update by White House closing quite weak. Internals were weak. Market is doing what is necessary to digest news flow about Corona Virus. Stocks should be bought on weakness and held for better TAPE.

 BLOG does NOT give buy or sell.

 Saleem

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15 comments:

  1. Stocks100April 2, 2020 at 6:22 AM

    Hi Stocktrader,

    Sold LK @ $4.50 in pre-market.....

    Saleem

    ReplyDelete
  2. stocktrader_1996April 2, 2020 at 6:31 AM

    Hi Saleem,

    Sold MOMO @ 21.15

    Stocktrader

    ReplyDelete
  3. stocktrader_1996April 2, 2020 at 6:52 AM

    Hi Saleem,

    Good luck with the next pick - LK was tough...

    Stocktrader

    ReplyDelete
  4. stocktrader_1996April 2, 2020 at 7:51 AM

    Hi Saleem,

    Bought WDC @ 40.15

    Based on recent comments from the CEO, their business is still cooking, and could see increased demands for its products.

    Stocktrader

    ReplyDelete
  5. stocktrader_1996April 2, 2020 at 8:06 AM

    Hi Saleem,

    Sold HUYA @ 17.01

    I just didn't want any direct Chinese exposure at a time when bids for any stocks are difficult to find.

    Stocktrader

    ReplyDelete
  6. stocktrader_1996April 2, 2020 at 8:12 AM

    Hi Saleem,

    Bought LITE @ 70.44

    I've had my eye on this one for a while, thinking it will benefit from both its optical and chip side in coming quarters.

    Stocktrader

    ReplyDelete
  7. Stocks100April 2, 2020 at 8:57 AM


    Hi Stocktrader,

    Good luck with WDC & LITE.....

    Saleem

    ReplyDelete
  8. psrajpalApril 2, 2020 at 9:13 AM

    I thought you had a typo for LK selling price until I checked the price. Its hard to trust chinese companies. The number of Covid-19 infections and deaths reported from China are also in scrutiny.

    Hope the family and friends doing well and safe!!

    Paramjeet

    ReplyDelete
  9. Stocks100April 2, 2020 at 9:13 AM


    Hi Stocktrader,

    Bought SU @ $17.20

    Saleem

    ReplyDelete
  10. Stocks100April 2, 2020 at 9:16 AM


    Hi Paramjeet,

    Nice to hear from you after a long time.

    YES...LK gave bad news...had to get out.....never waste time with news like that....

    Hope you, family and friends doing the right thing by staying home away from crowd situation....

    Good luck with your investments!

    Saleem

    ReplyDelete
  11. stocktrader_1996April 2, 2020 at 9:49 AM

    Hi Saleem,

    Good luck with SU!

    This is a hard market now.

    Stocktrader

    ReplyDelete
  12. stocktrader_1996April 2, 2020 at 12:05 PM

    Hi Saleem,

    Bought EHTH @ 131.90 on relative strength

    Stocktrader

    ReplyDelete
  13. Stocks100April 2, 2020 at 12:16 PM


    Hi Stocktrader,

    Added 100% SU @ $16.70

    Saleem

    ReplyDelete
  14. stocktrader_1996April 2, 2020 at 12:45 PM

    Hi Saleem,

    Good luck with more SU - I'm thinking about energy myself.

    Stocktrader

    ReplyDelete
  15. Stocks100April 2, 2020 at 1:47 PM

    Hi Stocktrader,

    Good luck with EHTH

    Saleem

    ReplyDelete