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
at

17 comments:

  1. stocktrader_1996April 9, 2020 at 5:25 AM

    Hi Saleem,

    Great move on CNX!

    Stocktrader

    ReplyDelete
  2. Stocks100April 9, 2020 at 6:10 AM


    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  3. stocktrader_1996April 9, 2020 at 6:30 AM

    Hi Saleem,

    Bought MCHP @ 80.52 on preannounce higher

    Stocktrader

    ReplyDelete
  4. Stocks100April 9, 2020 at 6:32 AM


    Hi Stocktrader,

    Good luck with MCHP...

    Saleem

    ReplyDelete
  5. Stocks100April 9, 2020 at 6:34 AM


    Hi Stocktrader,

    Sold TWTR @ $28.90

    Saleem

    ReplyDelete
  6. Stocks100April 9, 2020 at 7:08 AM

    Hi Stocktrader,

    Bought CIEN @ $45.90

    Saleem

    ReplyDelete
  7. stocktrader_1996April 9, 2020 at 7:08 AM

    Hi Saleem,

    Bought PINS @ 17.32

    Stocktrader

    ReplyDelete
  8. stocktrader_1996April 9, 2020 at 7:12 AM

    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

    ReplyDelete
  9. Stocks100April 9, 2020 at 7:18 AM


    Hi Stocktrader,

    Bought AMD @ $49.00

    Saleem

    ReplyDelete
  10. stocktrader_1996April 9, 2020 at 7:28 AM

    Hi Saleem,

    Good luck with the new names!

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

    Stocktrader

    ReplyDelete
  11. Stocks100April 9, 2020 at 7:37 AM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  12. Stocks100April 9, 2020 at 9:00 AM


    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  13. stocktrader_1996April 9, 2020 at 10:54 AM

    Hi Saleem,

    Oh wow, volatile trades for sure!

    Good luck with the new positions.

    Stocktrader

    ReplyDelete
  14. stocktrader_1996April 9, 2020 at 11:22 AM

    Hi Saleem,

    Bought SPLK @ 122.95

    Stocktrader

    ReplyDelete
  15. Stocks100April 9, 2020 at 11:27 AM


    Hi Stocktrader,

    Good luck with SPLK...

    Saleem

    ReplyDelete
  16. stocktrader_1996April 9, 2020 at 11:29 AM

    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

    ReplyDelete
  17. Stocks100April 9, 2020 at 5:16 PM


    Hi Stocktrader,

    Good luck with PHM....

    Saleem

    ReplyDelete