Tuesday, May 12, 2020

Indices closed down 1.89% to 2.06%......

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
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9 comments:

  1. stocktrader_1996May 13, 2020 at 6:31 AM

    Hi Saleem,

    Sold AMAT @ 52.47

    Stocktrader

    ReplyDelete
  2. Stocks100May 13, 2020 at 6:41 AM


    Hi Stocktrader,

    TAPE needs a breather.....

    Saleem

    ReplyDelete
  3. stocktrader_1996May 13, 2020 at 6:58 AM

    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

    ReplyDelete
  4. Stocks100May 13, 2020 at 7:00 AM


    Hi Stocktrader,

    Good luck with CHGG & DKNG.....even Najarians were not aware of this option play?

    Saleem

    ReplyDelete
  5. stocktrader_1996May 13, 2020 at 8:59 AM

    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

    ReplyDelete
  6. stocktrader_1996May 13, 2020 at 9:32 AM

    Hi Saleem,

    Added to some existing positions:

    KRA @ 11.45
    PINS @ 17.06
    ELY @ 11.44

    I have one position in cash remaining.

    Stocktrader

    ReplyDelete
  7. Stocks100May 13, 2020 at 10:03 AM


    Hi Stocktrader,

    Good luck with more KRA, PINS, ELY & WDC.....

    Saleem

    ReplyDelete
  8. psrajpalMay 13, 2020 at 10:16 AM

    Hi Saleem,

    Sold HEPA @1.64 and bought AVYA @12.64

    Thanks

    Paramjeet

    ReplyDelete
  9. Stocks100May 13, 2020 at 10:21 AM


    Hi Paramjeet,

    Good luck with AVYA...

    I am in a relaxing mode until tomorrow...doing household chores, yard work etc...

    Saleem

    ReplyDelete