Monday, April 13, 2020

Indices closed mixed....

Indices closed mixed.

S&P 500 @ 2761.63, low 2721.17, high 2782.46

RSI @ 53.35

CMF @ 0.071

Internals were :

Down volume led by 2.55 to 1 in NYSE & .88 to 1 in Nasdaq

Declining stocks led by 2.57 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 1 in NYSE & 1 in Nasdaq 

VIX Down 1.20% @ 41.17

Oil @ $22.41

Gold @ $1761.40

Canadian $ @ .6041

In my portfolio :

All in After hours....

Sold ROKU @ $$104.48
Sold AMD @ $51.25
Bought CCL @ $11.61
Bought MGM @ $13.99

Portfolio AAL APA CCL CIEN JD MGM SU

Stocks which closed green APA JD ROKU AMD
CNX SHOP BYND NVDA TSLA NEM AEM
AMZN AAPL SPLK BABA NFLX PANW
QRVO NTNX JKS DDOG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was managed to keep oil from going UP, when big money is short oil, they do know how to manage information & TAPE, 15 million cut in production was reduced to 9.7 million so easily by proxies in media. Make sure you are buying strategically to ensure quick turnaround, I do expect TAPE will be managed lower @ some point.

BLOG does NOT give buy or sell.

Saleem

11 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with the new picks - great gains on the sells!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I managed to sell over half my FSLY @ 22.80 to take profits

I wanted to sell it all but couldn't get the fill. I'll watch for a better exit point today.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold the rest of FSLY @ 21.96

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with new picks!

Saleem

Stocks100 said...


Hi Stocktrader,

Bought CNX @ $9.57

Saleem

Stocks100 said...


Hi Stocktrader,

Added 100% AAL @ $11.97

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more AAL!

I think it's so hard to know what happens from here. Obviously that's where opportunities are made, but I'm disturbed by how little visibility we currently have.

Stocktrader

Stocks100 said...


Hi Stocktrader,

i am extremely uncomfortable with this TAPE...except for few stocks...it is all about speculation of beaten down.....12% move in TSLA does not make sense.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold MCHP @ 81.30 on relative weakness (and to take small profits)

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I think there's some positivity surrounding these pre-announcements for Q1 thinking "it's not so bad!", but it's really Q2 that should be abysmal beyond belief. I'm not sure how ready investors are for those eventual numbers.

Stocktrader

Stocks100 said...


Hi Stocktrader,

There is " no surprise for Q 1 & Q 2 results "....nobody expects Sales or earnings only expenses funded partially by fed or respective governments.....

Thus its all clear for Q 1 & Q 2.....

Q 3 is where ...old P & E starts......

Saleem