Wednesday, April 29, 2020

Indices closed UP 2.21% to 3.57%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2939.51, high 2954.86, low 2912.16

 RSI @ 59.74

 CMF @ 0.087

 Internals were :

 UP Volume led by 5.31 to 1 in NYSE & 3.47 to 1 in Nasdaq

 Advancing stocks led by 6.71 to 1 in NYSE & 4.31 to 1 in Nasdaq

 Net new 52 wk highs were leading by 9 in NYSE & 36 in Nasdaq

 VIX Down 6.97% @ 31.23

 Oil @ $15.06

 Gold @ $1713.40

 Canadian $ @ .6061

 In my portfolio :

 Bought CLDR @ $8.30

 Added 70% CNX @ $10.65

 Portfolio AMD AAL CIEN CNX CLDR DDOG MU SU TWTR

 Stocks UP 4%++included AAL CLDR MU SU TWTR
APA MGM TER MSFT GILD CCL DAL KBH PHM 
BA VICR LSCC SQ ASML XLNX FB LRCX UAL
MTCH SPLK FSLR AMAT OLED QRVO SLB 
SNAP NTNX WYNN MA MGA SWKS V X...

 AH Futures Mixed

 AH Asian Markets UP

 AH Oil & Gold UP

 Before open couple of my stocks are reporting, expectations are :

 TWTR Q 1 Sales $775.96 million, EPS 10 cents

 Guidance Q 2 Sales $698.01 million, EPS 5 cents

 Expecting a match to expectations, potential move 11%+-

 AAL Q 1 Sales 8.94 billion, EPS loss $2.38

 Guidance Q 2 Sales $2.08 billion, EPS loss $7.99

 Expecting worse than expected ..but it may be factored in?

 About market, TAPE was in full overdrive thanks to Fed statement / Q & A which was extremely supportive of bull case. Earnings reaction are in and they all are flying as IF worse case scenario is behind us. MSFT FB TSLA KRA were UP sharply in AH. Expect a strong technology driven open.

 BLOG does NOT give buy or sell.

 Saleem
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10 comments:

  1. psrajpalApril 30, 2020 at 8:22 AM

    Hi Saleem,

    Added NAIL@17.61 on the pullback. Most of the Home builders and suppliers posted good numbers and the next quarter guidance/expectations are already priced-in.

    Thanks

    Paramjeet

    ReplyDelete
  2. Stocks100April 30, 2020 at 8:23 AM


    Hi Paramjeet,

    Good luck with NAIL.

    Saleem

    ReplyDelete
  3. stocktrader_1996April 30, 2020 at 9:08 AM

    Hi Saleem,

    Sold UPS @ 93.72

    It hasn't acted well post-earnings and a brewing situation with China may hurt trade.

    Stocktrader

    ReplyDelete
  4. Stocks100April 30, 2020 at 9:16 AM


    Hi Stocktrader,

    Good luck with your next picks.

    Saleem

    ReplyDelete
  5. stocktrader_1996April 30, 2020 at 9:26 AM

    Hi Saleem,

    Trying ELF again @ 12.79

    Stocktrader

    ReplyDelete
  6. Stocks100April 30, 2020 at 9:51 AM


    Hi Stocktrader,

    Good luck with ELF.

    Saleem

    ReplyDelete
  7. stocktrader_1996April 30, 2020 at 11:10 AM

    Hi Saleem,

    Bought AMD @ 52.79

    Count me in for the party! :)

    Stocktrader

    ReplyDelete
  8. Stocks100April 30, 2020 at 11:32 AM


    Hi Stocktrader,

    Good luck with AMD.....should be more than OK going forward!

    Saleem

    ReplyDelete
  9. stocktrader_1996April 30, 2020 at 11:54 AM

    Hi Saleem,

    Rebought UPS @ 94.74

    It was a mistake to sell and so I rectified that. As we need to restock the world's stores, these guys should be major beneficiaries as this is highly profitable for them (versus the home consumer business which they can't quite seem to figure out how to leverage).

    Stocktrader

    ReplyDelete
  10. Stocks100April 30, 2020 at 12:13 PM


    Hi Stocktrader,

    Good luck with UPS....

    Saleem

    ReplyDelete