Thursday, April 2, 2020

Indices closed UP 1.72% to 2.28%...NICE!!!!

Indices closed UP.

S&P 500 @ 2526.90, high 2533.22, low 2455.79

RSI @ 44.17

CMF @ 0.065

Internals were :

UP volume led by 1.81 to 1 in NYSE & 1.22 to 1 in Nasdaq

Advancing stocks led by 1.62 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk lows were leading by 133 in NYSE & 134 in Nasdaq

VIX Down 11.34% @ 50.59

Oil @ $25.32

Gold @ $1637.70

Canadian $ @ .5884

In my portfolio :

Sold LK @ $4.50

Bought SU @ $17.20 & $16.70 equal shares.....

Portfolio AMD CIEN MU ROKU SU TWTR

Stocks which were UP 3% or more included MU SU
JKS QCOM XLNX NVDA TSM NEM AEM FSLR
CSIQ FFIV YY LNG YELP MA MS SINA IBM
CNX......

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed near high of the day based on oil spiking on rumor of production cuts. VIX went down more than other UP days. Corona Virus news still dictates direction of this market. Internals were so so but many stocks participated in today's UP move. Friday Jobs report could be a shocker.

BLOG does NOT give buy or sell.

Saleem

7 comments:

Stocks100 said...

Hi Stocktrader,

Added 40% TWTR @ $23.89

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more TWTR!

Bought SPLK @ 105.58

Bought DHI @ 32.20

Getting some extra exposure in areas that represent good risk/reward. There was a "positive" PT drop of SPLK to $140 but with decent commentary. I thought LEN's commentary last night bodes well for DHI, which also got an upgrade yesterday.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with SPLK and DHI

Saleem

Stocks100 said...


Hi Stocktrader,

Bought JD @ $40.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with JD!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought CHGG @ 33.87

I think there could be a lasting positive impact for these guys based on capturing more of the K-12 market during this time and therefore having customers for much longer than they'd previously expected.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with CHGG.....

Saleem