Friday, April 17, 2020

Indices closed UP 1.38% to 2.99%...NICE !!!!

Indices closed UP and near high of the day, boost was given by couple of drugs related to COVID-19 plus opening of China in full swing and preparation in USA, all made into a very bullish day. Oil stocks & ETF XLE were jumping around 10% @ close.

S&P 500 @ 2874.56, high 2879.22, low 2830.88

RSI @ 57.36

CMF @ 0.149

Internals were :

UP volume led by 6.81 to 1 in NYSE & 4.03 to 1 in Nasdaq

Advancing stocks led by 5.22 to 1 in NYSE & 3.88 to 1 in Nasdaq

Net new 52 wk highs were leading by 2 in NYSE & 27 in Nasdaq

VIX Down 4.89% @ 38.15

Oil @ $18.27

Gold @ $1698.80

Canadian $ @ .5989

In my portfolio :

Bought in pre market
DDOG $41.00
Added 75% MU @ $46.82
Added 100% TWTR @ $27.30
Bought AH in last seconds MGM @ $14.01

Stocks which were UP 4% or more included AAL APA SU
CCL SHOP KBH PHM NKE BA LYFT SQ LULU TWLO
FSLR CLVS LNG YELP WYNN MA V CMG GILD
MRNA....

Here is my portfolio weighting :

MU         18.79%

SU          17.87%

CIEN      15.57%

AAL       13.58%

TWTR    10.27%

DDOG    8.31%

CNX       7.81%

APA       4.93%

MGM     2.87%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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