Indices closed UP.
S&P 500 @ 2842.74, high 2844.24, low 2797.85
RSI @ 53.22
CMF @ 0.091
Internals were :
UP volume led by .84 to 1 in NYSE & 1.99 to 1 in Nasdaq
Advancing stocks led by .92 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk lows were leading by 1 in NYSE & highs were leading by 4 in Nasdaq
VIX Down 3.28% @ 35.97
Oil @ $20.39
Gold @ $1713.30
Canadian $ @ .5914
Portfolio AAL CIEN CNX CLDR DDOG MGM MU SU
Stocks which closed UP 1% or more included CIEN CNX DDOG
CCL JD AMD APA MSFT SHOP NVDA TSLA SNAP ROKU
CHK OSTK KBH X....
AH Tuesday SU reports, here are the expectations :
Q 1 Sales $7.54 billion, EPS from loss of 22 cents to profit of 50 cents
Guidance Q 2 Sales $7.03 billion, EPS from loss to gain of 36 cents
SU is a fully integrated Oil company of Canada from exploration to refining to retail gas stations under the banner of Petro Canada.....
SU remains my best idea for long term holding..expecting good thing going forward....
This earnings report may mark the low point...thus UP UP from here!
AH Futures UP
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was under pressure due to Warren Buffett remarks, after opening sharply lower Nasdaq showed green first and other major indices followed, thus all green close and @ high of the day. Message of the market was " Warren you are too cautious "....Expect a robust Tuesday especially Oil stocks.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteSold DKNG @ 21.67 to take profits
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with next pick and quick sale!
Saleem
Hi Saleem and Stocktrader,
ReplyDeleteBought EAT@20.60. Wanted an exposure on the beaten down sector. The company is placed well to recover fast and better perform than competitors. Last ER was amazing.
Thanks for your (stocktrader) insights on EAT and CATS yesterday.
Thanks
Paramjeet
ReplyDeleteHi Paramjeet,
Good luck with EAT.....
Saleem
Hi Paramjeet,
ReplyDeleteGood luck with EAT - I suspect I'll enter it at some point also.
Stocktrader
ReplyDeleteHi Stocktrader & Paramjeet,
Sold DDOG @ $47.25
Saleem
Hi Saleem,
ReplyDeleteAwesome trade in my favorite company for the future!
Stocktrader
Hi Stocktrader,
ReplyDeleteAppreciated your generous compliment!
Saleem
Hi Saleem,
ReplyDeleteSold WDC @ 40.59 on relative weakness
This must be one of the work looking charts in the industry. I don't understand why because I thought the conference call was fairly positive, but I have to respect the price action.
Stocktrader
Hi Saleem,
ReplyDeleteSold ELF @ 12.75
It is acting unusually weak despite the new active investor. I'm not sure why, but I want to hold off for now.
Stocktrader
Hi Saleem,
ReplyDeleteSold TER @ 61.05
I'm looking to raise some cash and this hasn't acted very well since reporting.
Stocktrader
ReplyDeleteHi Stocktrader,
Good idea to review and react to stock performance or lack of.....
Saleem
Hi Saleem,
ReplyDeleteSold GTLS @ 35.38 to raise more cash
Stocktrader
ReplyDeleteHi Stocktrader,
Good idea to be ready for your next strategy!
Saleem
Hi Saleem,
ReplyDeleteSold AMD @ 52.74
Sold ASH @ 60.87
It feels prudent to reduce exposure here and wait for new winners to emerge.
Stocktrader
Hi Saleem,
ReplyDeleteCurrently holding: BHVN KRA AKAM HUYA UPS, cash 58.2%
Stocktrader
ReplyDeleteHi Stocktrader,
YES strategic selling and buying is the right approach....
Good luck!
Saleem
Hi Saleem,
ReplyDeleteI'm going to have to do a rethink I think. It seems like only technology rules again, and I had quite a bit of regular economic/cyclical exposure.
Stocktrader
Hi Saleem,
ReplyDeleteLooking to buy PINS tomorrow at open if it remains at these ~17 levels.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with PINS, you are very familiar with this stock!
Saleem