Monday, April 6, 2020

Indices closed UP 7.03% to 7.73%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2663.68, high 2676.85, low 2574.57

 RSI @ 49.89

 CMF @ 0.102

 Internals were :

 UP volume led by 11.87 to 1 in NYSE & 6.07 to 1 in Nasdaq

 Advancing stocks led by 8.05 to 1 in NYSE & 5.67 to 1 in Nasdaq

 Net new 52 wk lows were leading by 34 in NYSE & 37 in NYSE

 Oil @ $26.08

 Gold @ $1693.90

 Canadian $ .5866

 In my portfolio :

 Bought CNX @ $6.79
Added 75% JD @ $40.80
Added 40% ROKU @ $86.32
Sold CIEN @ $43.90

 Portfolio AMD CNX JD MU ROKU SU TWTR

 Stocks which were UP 7% or more AMD CNX MU ROKU TWTR
CIEN KBH PHM NKE VICR LYFT UBER SQ QCOM BYND
LULU NVDA MCD MSFT FB LRCX AAPL SPLK AMAT 
GOOG OLED QRVO YELP WYNN MA MS ULTA V
SWKS.......

 AH Futures Mixed

 AH Asian Markets UP

 AH Oil & Gold UP

 About market, TAPE rocketed UP on hope that COVID-19 is peaking worldwide.Internals were strong. Most sector participated in today's rally, most stocks were UP in 10%++ gain for the day. Most traders who were not in the market missed a huge day across the board.

 BLOG does NOT give buy or sell.

 Saleem
at

16 comments:

  1. Stocks100April 7, 2020 at 6:09 AM

    Hi Stocktrader,

    Sold AMD @ $49.00
    Sold MU @ $48.08

    All in pre market

    Saleem

    ReplyDelete
  2. stocktrader_1996April 7, 2020 at 6:30 AM

    Hi Saleem,

    Sold DHI @ 40.13 to take profits

    Stocktrader

    ReplyDelete
  3. Stocks100April 7, 2020 at 6:32 AM


    Hi Stocktrader,

    Excellent " fast money made with DHI "

    Saleem

    ReplyDelete
  4. stocktrader_1996April 7, 2020 at 6:43 AM

    Hi Saleem,

    Nice profits!

    Stocktrader

    ReplyDelete
  5. stocktrader_1996April 7, 2020 at 7:40 AM

    Hi Saleem,

    Sold LITE @ 76.03 to take profits

    I am concerned their businesses may have been dramatically impacted during this slowdown and the stock hasn't really dropped much.

    DHI and LITE were the two I identified before the bell for sale, so now I can look for buying opportunities with the cash.

    Stocktrader

    ReplyDelete
  6. Stocks100April 7, 2020 at 7:44 AM

    Hi Stocktrader,

    Good luck with your new picks!

    Saleem

    ReplyDelete
  7. stocktrader_1996April 7, 2020 at 8:22 AM

    Hi Saleem,

    First LK, now a new short report on IQ - Chinese stocks are getting hard again.

    Stocktrader

    ReplyDelete
  8. Stocks100April 7, 2020 at 8:38 AM


    Hi Stocktrader,

    Yes... I saw that report..same thesis.....by Muddy Waters...

    Saleem

    ReplyDelete
  9. Stocks100April 7, 2020 at 8:48 AM


    Hi Stocktrader,

    Sold CNX @ $8.45

    Saleem

    ReplyDelete
  10. stocktrader_1996April 7, 2020 at 9:22 AM

    Hi Saleem,

    Good luck with continuing moves!

    Stocks are still moving so quickly that a year's worth of gains happen in a day...

    Stocktrader

    ReplyDelete
  11. Stocks100April 7, 2020 at 10:03 AM


    Hi Stocktrader,

    Added 200% SU @ $17.00

    Saleem

    ReplyDelete
  12. stocktrader_1996April 7, 2020 at 10:34 AM

    Hi Saleem,

    Good luck with more SU!

    The energy survivors coming out of this should be big winners.

    Stocktrader

    ReplyDelete
  13. stocktrader_1996April 7, 2020 at 1:18 PM

    Hi Saleem,

    Oh wow, now TAL.

    Stocktrader

    ReplyDelete
  14. psrajpalApril 7, 2020 at 1:59 PM

    Another Chinese company. That makes it 3 now - LK, IQ and TAL..

    ReplyDelete
  15. stocktrader_1996April 7, 2020 at 2:42 PM

    Hi Saleem,

    Darn...my plan was to buy PINS on a drop after providing guidance as it is one of my favorite long term plays. Unfortunately it had a great Q1 prior to the precipitous decline starting in mid-March, so the stock is being rewarded. I will have to find any decent entry in coming days/weeks.

    Stocktrader

    ReplyDelete
  16. Stocks100April 7, 2020 at 3:46 PM


    Hi Stocktrader,

    Always buy what you like..price may not factor too much.....

    Saleem

    ReplyDelete