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
15 comments:
Hi Stocktrader,
Sold LK @ $4.50 in pre-market.....
Saleem
Hi Saleem,
Sold MOMO @ 21.15
Stocktrader
Hi Saleem,
Good luck with the next pick - LK was tough...
Stocktrader
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
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
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
Hi Stocktrader,
Good luck with WDC & LITE.....
Saleem
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
Hi Stocktrader,
Bought SU @ $17.20
Saleem
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
Hi Saleem,
Good luck with SU!
This is a hard market now.
Stocktrader
Hi Saleem,
Bought EHTH @ 131.90 on relative strength
Stocktrader
Hi Stocktrader,
Added 100% SU @ $16.70
Saleem
Hi Saleem,
Good luck with more SU - I'm thinking about energy myself.
Stocktrader
Hi Stocktrader,
Good luck with EHTH
Saleem
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