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
16 comments:
Hi Stocktrader,
Sold AMD @ $49.00
Sold MU @ $48.08
All in pre market
Saleem
Hi Saleem,
Sold DHI @ 40.13 to take profits
Stocktrader
Hi Stocktrader,
Excellent " fast money made with DHI "
Saleem
Hi Saleem,
Nice profits!
Stocktrader
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
Hi Stocktrader,
Good luck with your new picks!
Saleem
Hi Saleem,
First LK, now a new short report on IQ - Chinese stocks are getting hard again.
Stocktrader
Hi Stocktrader,
Yes... I saw that report..same thesis.....by Muddy Waters...
Saleem
Hi Stocktrader,
Sold CNX @ $8.45
Saleem
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
Hi Stocktrader,
Added 200% SU @ $17.00
Saleem
Hi Saleem,
Good luck with more SU!
The energy survivors coming out of this should be big winners.
Stocktrader
Hi Saleem,
Oh wow, now TAL.
Stocktrader
Another Chinese company. That makes it 3 now - LK, IQ and TAL..
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
Hi Stocktrader,
Always buy what you like..price may not factor too much.....
Saleem
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