Wednesday, May 13, 2020

Indices closed down 1.55% to 2.17%.....

Indices closed down.

 S&P 500 @ 2820.00, low 2793.15, high 2874.14

 RSI @ 49.45

 CMF @ -0.105

 Internals were :

 Down volume led by 8.25 to 1 in NYSE & 3.00 to 1 in Nasdaq

 Declining stocks led by 6.38 to 1 in NYSE & 4.30 to 1 in Nasdaq

 Net new 52 wk lows were leading by 73 in NYSE & 54 in Nasdaq

 VIX UP 6.78% @ 35.28

 Oil @ $25.29

 Gold @ $1716.40

 Canadian $ @ .5908

 Portfolio AAL APA CNX CLDR MGM SU

 Stocks which closed green included JD NVRX UBER
DDOG MESO MRNA SHOP NEM AEM AMZN
NFLX PANW OSTK PANW....

 AH Futures UP

 AH Asian Markets Down

 AH Oil & Gold UP

 About market, TAPE was on the defensive right after open and closed @ low of the day. Famous Wall Street guru David Tepper lit more fire by saying this is the second most overvalued market since 1999 2000 bubble. These wild bearish statements actually brings a bottom in a hurry, so there is good news there. Always book your profit, a mantra one must practice or you lose all profit in a hurry.

 BLOG does NOT give buy or sell.

 Saleem
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7 comments:

  1. Stocks100May 14, 2020 at 7:03 AM

    Hi Stocktrader,

    Sold CLDR @ $7.80

    Completely out of technology stocks

    Saleem

    ReplyDelete
  2. Stocks100May 14, 2020 at 7:30 AM

    Hi Stocktrader,

    Bought JD @ $46.90

    They report before open Friday

    Saleem

    ReplyDelete
  3. stocktrader_1996May 14, 2020 at 7:36 AM

    Hi Saleem,

    Good luck with the moves!

    I wonder if I'll finally get my DDOG chance. They just need a few down days and then announce a secondary and maybe I can get it in the low 50s :)

    Stocktrader

    ReplyDelete
  4. Stocks100May 14, 2020 at 8:52 AM

    Hi Stocktrader,

    You have all the steps in right order for DDOG....

    It just needs to announce

    Saleem

    ReplyDelete
  5. psrajpalMay 14, 2020 at 9:39 AM

    Hi Saleem and Stocktrader,

    Market is behaving like a roller coaster.

    Added more AVYA at 11.96 --> Relative valuation seem to be reasonable in favor or reward than risk.
    Added more LVGO at 57.40 --> Lot of institutional interest on this one.

    ATL, OPK, PS, ONEM (reported yesterday) showing good strength in the down market.

    Thanks

    Paramjeet

    ReplyDelete
  6. Stocks100May 14, 2020 at 9:48 AM


    Hi Paramjeet,

    Good luck with more AVYA & LVGO

    Saleem

    ReplyDelete
  7. stocktrader_1996May 14, 2020 at 10:17 AM

    Hi Paramjeet,

    I'm not sure if high growth tech wants to sell off or not here - hard to call.

    Good luck with more AVYA - I think they are a medium term winner for sure.

    LVGO continues to power forward!

    Stocktrader

    ReplyDelete