Indices closed down.
S&P 500 @ 2870.12, low 2869.59, high 2945.82
RSI @ 53.28
CMF @ -0.082
Internals were :
Down volume led by 4.16 to 1 in NYSE & 1.26 to 1 in Nasdaq
Declining stocks led by 2.89 to 1 in NYSE & 2.63 to 1 in Nasdaq
Net new 52 wk highs were leading by 14 in NYSE & 77 in Nasdaq
VIX UP 19.84% @ 33.04
Oil @ $25.78
Gold @ $1706.00
Canadian $ .5989
In my portfolio :
Added 100% APA @ $12.20
Sold CIEN @ $49.10
Sold ENPH @ $63.00
Sold MU @ $45.90....10 minutes before close....
Portfolio AAL APA CNX CLDR MGM SU
Stocks which closed green included JD ABBV UBER DDOG
ELF SQ BYND TWLO YY CLVS YELP OSTK.....
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE started green but started to fade in DOW & S&P 500, in the final hour selling accelerated and everything went down and closed @ low of the day, what happened is the logical question....technology was overbought and confusion remains about early opening of US economy and its implication of second round of infection.
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hi Saleem,
Sold AMAT @ 52.47
Stocktrader
Hi Stocktrader,
TAPE needs a breather.....
Saleem
Hi Saleem,
Bought CHGG @ 64.14
With many schools looking to continue distance learning in fall, this seems like a perfect play.
Bought DKNG @ 27.46
A speculative buy based on options activity and short interest.
Stocktrader
Hi Stocktrader,
Good luck with CHGG & DKNG.....even Najarians were not aware of this option play?
Saleem
Hi Saleem,
Bought ELY @ 11.45 on this dip
I still feel like golf could get a boost from the new environment.
Bought WDC @ 39.16
I still like what they said in their conference call about future demand and their plans to capitalize on that. I think the new CEO has lowballed the numbers for now.
Stocktrader
Hi Saleem,
Added to some existing positions:
KRA @ 11.45
PINS @ 17.06
ELY @ 11.44
I have one position in cash remaining.
Stocktrader
Hi Stocktrader,
Good luck with more KRA, PINS, ELY & WDC.....
Saleem
Hi Saleem,
Sold HEPA @1.64 and bought AVYA @12.64
Thanks
Paramjeet
Hi Paramjeet,
Good luck with AVYA...
I am in a relaxing mode until tomorrow...doing household chores, yard work etc...
Saleem
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