Thursday, April 9, 2020

Indices closed UP .77% to 1.45%....NICE!!!

Indices closed UP. Nasdaq had first back to back gain since first week of March 2020. Key averages gained 12% for the week, a week to remember for sure. Internals are all positive first time since first week of March 2020.

S&P 500 @ 2789.82, high 2818.57, low 2762.36

RSI @ 54.62

CMF @ 0.117

Internals were :

UP volume led by 3.58 to 1 in NYSE & 4.55 to 1 in Nasdaq

Advancing stocks led by 6.07 to 1 in NYSE & 3.57 to 1 in Nasdaq

Net new 52 wk highs were leading by 12 in NYSE & 0 in Nasdaq

VIX Down 3.88% @ 41.67

Oil @ $22.76

Gold @ $1752.80

Canadian $ @ .6016

In my portfolio :

Sold DAL @ $24.75
Sold TWTR @ $28.90
Bought AMD @ $49.00
Bought CIEN @ $45.90
Bought APA @ $9.70
Bought AAL @ $12.65

Stocks which were UP 4% or more included AAL APA ROKU DAL
VICR IQ BYND TSLA NEM AEM UAL LNG MCD CMG M....

Here is my portfolio weighting :

SU           20.75%

ROKU     20.64%

AMD       18.50%

CIEN      17.47%

JD             9.41%

AAL          7.97%

APA         5.26%

Next post on Sunday by 6 PM.

BLOG does NOT give buy or sell.

Saleem

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