Thursday, April 16, 2020

Indices closed UP .14% to 1.66%....NICE!!!!

Indices closed UP.

S&P 500 @ 2799.55, high 2806.51, low 2764.32

RSI @ 54.28

CMF @ 0.123

Internals were :

Down volume led by 2.19 to 1 in NYSE & .55 to 1 in Nasdaq

Declining stocks led by 1.59 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk lows were leading by 23 in NYSE & 19 in Nasdaq

VIX Down 1.79% @ 40.11

Oil @ $19.87

Gold @ $1731.70

Canadian $ @ .5852

In my portfolio :

Sold JD @ $46.36 in regular hours
Sold MGM @ $15.35...AH closing seconds...its 7 PM for AH in  Canada @ TD Webbroker....
Sold CCL @ $13.20.... AH closing seconds
Bought MU @ $45.61 in regular hours

Portfolio AAL APA CIEN CNX MU SU TWTR

Stocks which closed green included CIEN JD
AMD ROKU BIDU SHOP DHI VICR ASML
XLNX BZUN NVDA TSM TSLA AMAT 
BABA NFLX OLED PANW QRVO YY
DDOG SINA OSTK MSFT ULTA CMG
SWKS LRCX.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was flat whole day then jumped to high of the day in last hour.Lot of excitement AH for GILD experimental treatment which brought fever down in a hurry. White House has issued guidance for gradual lifting of lock down with strict adherence. Futures are flying on both count, IF experiment holds up, we may have a breakthrough for COVID-19 treatment / vaccine.

BLOG does NOT give buy or sell.

Saleem

8 comments:

Stocks100 said...


Hi Stocktrader,

Added 75% MU @ $46.82

Added 100% TWTR @ $27.30

Both bought in pre market....

Saleem

stocktrader_1996 said...

Hi Saleem,

Great moves last night, wow!

Good luck with more MU and TWTR today. We might be on the verge of a breakthrough drug!!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Bought DDOG @ $41.00 in pre market

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with DDOG! I keep waiting for it to drop so I can buy it back haha :)

Bought WFC @ 27.83

I think they are best positioned of the banks to recover quickly from this decline based on geography and revenue focus.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I was also considering CAT based on potential for a global economy recovery with upside if any countries announce infrastructure stimulus. I'll continue to evaluate.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with WFC....

Saleem

stocktrader_1996 said...

Hi Saleem,

DDOG is my absolute very favorite long term cloud play btw. It's just so expensive that I keep hoping for a lower entry point...

Stocktrader

Stocks100 said...


Hi Stocktrader,

Thanks for your positive feeling for DDOG.....

Appreciated your feedback.

Saleem