Indices closed mixed.
S&P 500 @ 2930.19, high 2944.25, low 2903.44
RSI @ 58.32
CMF @ 0.000
Internals were :
Down volume led by 2.80 to 1 in NYSE & 1.56 to 1 in Nasdaq
Declining stocks led by 1.68 to 1 in NYSE & 1.18 to 1 in Nasdaq
Net new 52 wk highs were leading by 28 in NYSE & 104 in Nasdaq
VIX Down 1.47% @ 27.57
Oil @ $24.14
Gold @ $1698.00
Canadian $ @ .5969
Portfolio AAL APA CIEN CNX CLDR ENPH MGM MU SU
Stocks which were UP 1% or more included CIEN ENPH
DDOG SEDG AMD MSFT AAPL ROKU LULU NVDA
TWLO AMZN SPLK BABA GOOG NFLX OSTK
CMG PANW.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was Down then UP and then faded into close. Lot of anxiety over 2nd time virus infection in Germany & Korea plus new report of infection is Wuhan China, where it all started. US is opening its economy and some are of the view its premature or not all preparations are completed. Market may reflect bout of anxiety as we go forward.
BLOG does NOT give buy or sell.
Saleem
17 comments:
Hi Saleem,
I think we may see a wave of secondary offerings here either as companies in distress use the recent bounce to bolster balance sheets or companies that have really risen see insider selling or opportunistic capital raises. If this comes to pass, the sudden supply of stock may weigh on overall returns for the market.
Stocktrader
Hi Stocktrader,
YES... I have the same conclusion about market.
Froth has built up big time.....
Adjusting accordingly!
Saleem
Hi Saleem,
Bought LITE @ 78.48 on this dip
Stocktrader
Hi Saleem,
Bought back 50% NVAX @33.76 yesterday AH (few min before the close). Can't take my eyes of this one.
Thanks
Paramjeet
Hi Stocktrader,
Added 100% APA @ $12.20
Saleem
Hi Stocktrader,
Sold CIEN $49.10
Saleem
Hi Saleem,
Good luck with the new moves!
Stocktrader
Hi Saleem,
Sold ELF @ 13.78 to take profits
Stocktrader
Hi Saleem,
Sold ELY @ 12.80 on poor price action
Stocktrader
Hi Stocktrader,
Good moves in booking profit and selling laggards.
Paramjeet
Good luck with NVAX.
Saleem
Hi Stocktrader,
Sold ENPH @ $63.00
Saleem
Hi Saleem,
Great move you got in that one even after the runup!
Some stocks are just making huge moves daily...
Stocktrader
Hi Paramjeet,
Thought you might find this of interest - just announced:
Free virtual digital skills training from Grow with Google
https://www.blog.google/outreach-initiatives/grow-with-google/free-virtual-digital-skills-training-grow-google/
Stocktrader
Thank you Stocktrader. This is great. I will explore this.. Good luck with LITE
Sold TZA @33.00
PS seem to be strong in 18 range. I like the product (already downloaded the app last month) and see the business growing a lot with work from home and folks updating technology skills. Also, some universities are seriously looking at this model. I might buy the stock today.
I am looking at MHO as another oil play that could rise a bit with recovery.
Saleem - Good luck with APA.
Thanks
Paramjeet
Hi Paramjeet,
Not sure if you meant MHO as housing* or MRO* as oil, but either way, good luck with the decision :)
The market is pretty hard right now. The good stocks have run a very far way and the bad stocks have terrible charts.
Stocktrader
Hi Saleem,
Sold BYND calls & bought NOW 6/19 400 calls for 8.50
Thanks,
Explorer
Hi Explorer,
Good luck with NOW calls
Saleem
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