Indices closed UP.
S&P 500 @ 2878.48, high 2887.72, low 2852.89
RSI @ 57.00
CMF @ 0.122
Internals were :
UP volume led by 4.80 to 1 in NYSE & 3.06 to 1 in Nasdaq
Advancing stocks led by 3.39 to 1 in NYSE & 10.14 to 1 in Nasdaq
Net new 52 wk highs were leading by 12 in NYSE & 57 in Nasdaq
VIX Down 7.35% @ 33.29
Oil @ $12.78
Gold @ $1273.80
Canadian $ @ .5953
In my portfolio ...Added 100% AMD @ $56.40
Portfolio AMD AAL CIEN CNX DDOG MGM MU SU TWTR
Stocks UP 3%++ included CIEN CNX DDOG MGM TWTR
CCL ROKU KBH PHM LYFT LULU BZUN TSLA SPLK
EXPE OLED SNAP NTNX YELP FSLR WYNN LVS
MS OSTK X M ......
AMD reports AH on Tuesday, here are the expectations :
Sales Q 1 $1.78 billion, EPS 18 cents
Guidance Q 2 Sales $1.92 billion, EPS 21 cents
Expecting a beat in Sales & EPS for Q 1.....
About market, TAPE was strong from open till close, internals were all positive and closed @ high of the day. Most sectors were UP today. Technically we are improving in markets.
BLOG does NOT give buy or sell.
Saleem
19 comments:
Hi Stocktrader,
Sold MGM @ $16.30 in pre market.
Saleem
Hi Saleem,
The gains you are capturing are huge - nice job!
I'm looking at UPS for purchase this morning but I can't trade in pre-market.
Stocktrader
Hi Saleem,
Bought UPS @ 98.80
Stocktrader
Hi stocktrader,
Thanks for your complimentary message, much appreciated.
Good luck with UPS.
Saleem
Hi Saleem,
Sold $NAIL @16.70 to book profits. Added 40% more $CGC on the pullback.
Sector rotations seem to be occuring today specially towards Home Building and Retail stocks.
Thanks
Paramjeet
Hi Paramjeet,
Good luck with more Canopy Growth!
Saleem
Hi Saleem,
Rebought GTLS @ 34.34 on this dip
Stocktrader
Hi Stocktrader,
Good luck with GTLS....
Saleem
Hi Paramjeet,
That was an incredible NAIL trade!
I am still skeptical of housing's ability to fully recover as job uncertainty remains even when the economy is "back to work" and ahead of a huge US election in November.
Stocktrader
Thank you Stocktrader_1996. My entry point was $13.30 for $NAIL. 28% rise in 1.2 trading session was amazing.
- Started a small speculative position in $BLPH @ 15.11. Nitrous Oxide in place of ventillators seems like a great find. Lot of positive news coming up across from hospitals and patients. A recent upgrade to $35 is a plus.
- Added $KRA at $10.55 and 30% more $PS at $15.71
- Sold a darling stock $LVGO at $43.98 which I entered few week's earlier at $36.12
So far so good!!
Happy Trading to all.
Paramjeet
Hi Paramjeet,
Nice summary of your transactions! Well done navigating this crisis and good luck on current positioning! :)
Stocktrader
Hi Paramjeet,
Thanks for sharing your exciting trades.....
Keep it going for another 8 months.....
Saleem
Forgot to mention. Added HEPA at 1.44 earlier today. Have been watching this stock for a while. CRV431 PhaseIII could be a game changer. Stock price is beaten down a lot and I believe it can skyrocket anytime.
Thanks
Paramjeet
Hi Paramjeet,
Good luck with HEPA.
Saleem
Hi Saleem,
I really appreciate you for the blog, sharing your ideas daily. I do visit your blog daily although I was sidelined for trading a bit
but now I am back with an anticipation that the worse is behind. I love reading Stocktrader thoughts too.
I got some AKAM 110 calls, FEYE 12 calls, SPOT 150 calls and URI 109 puts
Happy trading !!! Good luck to everyone
Hi Paramjeet,
I thought AKAM's quarter and guidance looked pretty good. I'll be looking to buy tomorrow if it remains at these low levels.
Stocktrader
Hi Stocktrader,
You addressed it to Paramjeet but this was posted by me Explorer :) I hope you remember me!! After a long time though! These were added just before the market close and I have LH 195 calls, FB 200 calls. They all for 5/15 expiration.
I listened to the AKAM conf call and very positive however the AH action is negative but I think tomorrow it could reverse as the volume is so low AH.
Stay safe.
Paramjit, thanks for sharing your trades
Explorer
Hi Explorer,
Oh yes, welcome back!
We'll see how AKAM acts tomorrow. It might be too much of a "stay at home" stock during this current "back to work" phase, but I thought the numbers were really good. It's hard to find a beat-and-raise quarter during these times!
Stocktrader
Hi Explorer,
Very nice to read your message, thanks for your interest in my BLOG.
Market is always challenging in the best of times but YES we have been jolted with Corona Virus worldwide...
Things have calmed down for sure...
Good luck with all your option strategies!
Welcome back!
Saleem
Post a Comment