Wednesday, April 8, 2020

Indices closed UP 2.58% to 3.44%...NICE !!!!

Indices closed UP.

S&P 500 @ 2749.98, high 2760.75, low 2663.30

RSI @ 53.15

CMF @ 0.058

Internals were :

UP volume led by 12.37 to 1 in NYSE & 6.09 to 1 in Nasdaq

Advancing stocks led by 6.80 to 1 in NYSE & 4.96 to 1 in Nasdaq

Net new 52 wk lows were leading by 9 in NYSE & 14 in Nasdaq

VIX Down 7.17% @ 43.35

Oil @ $25.09

Gold @ $1684.30

Canadian $ @ .5979

In my portfolio :

Bought CNX in pre market @ $8.37
Added 60% CNX @ $8.13
Sold CNX in after hour @ $9.29

Portfolio DAL JD ROKU SU TWTR

Stocks which were UP 4% or more included DAL TWTR CNX
SHOP DHI KBH PHM VICR LYFT SQ TWLO UBER UAL
SPLK AMAT QRVO LNG YELP WYNN LVS MA MS
OSTK ULTA X.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE defied bearish logic and closed UP near high of the day. There are many many skeptics @ early stage of rally after major slump, outsize gains are there for takers. By the time most feel all clear, pullback starts from overbought condition. Oil, Airlines & Home builders  were the stars of the day with double digits gains. Reason for today's rally Corona peaking in New York and oil had a huge PM spike on Russian cut in production.

BLOG does NOT give buy or sell.

Saleem

17 comments:

stocktrader_1996 said...

Hi Saleem,

Great move on CNX!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold DAL @ $24.75 in pre market....

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought MCHP @ 80.52 on preannounce higher

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with MCHP...

Saleem

Stocks100 said...


Hi Stocktrader,

Sold TWTR @ $28.90

Saleem

Stocks100 said...

Hi Stocktrader,

Bought CIEN @ $45.90

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought PINS @ 17.32

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought KRA @ 10.61

Buying back some cyclical names I had earlier as the sentiment shifts towards getting the economy back on track.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Bought AMD @ $49.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the new names!

I can't recall a time where we traded more often...

Stocktrader

Stocks100 said...

Hi Stocktrader,

Yes...fast and furious day / swing trading$$$$$_

Saleem

Stocks100 said...


Hi Stocktrader,

Bought AAL @ $12.65
Bought APA @ $9.70.....bought near high of the day....luck of the draw?

Saleem

stocktrader_1996 said...

Hi Saleem,

Oh wow, volatile trades for sure!

Good luck with the new positions.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought SPLK @ 122.95

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SPLK...

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought PHM @ 26.46

I think we will continue to hear the "good news" of being able to go out soon. That should benefit homebuilder sentiment, especially as rates are finally starting to drop to very attractive levels.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with PHM....

Saleem