Indices closed UP.
S&P 500 @ 2991.77, high 3021.72, low 2988.17
RSI @ 60.30
CMF @ -0.065
Internals were :
UP volume led by 4.74 to 1 in NYSE & 1.91 to 1 in Nasdaq
Advancing stocks led by 4.92 to 1 in NYSE & 2.36 to 1 in Nasdaq
Net new 52 wk highs were leading by 36 in NYSE & 116 in Nasdaq
VIX Down .53% @ 28.01
Oil @ $34.35
Gold @ $1705.60
Canadian $ @ .6173
Portfolio AAL APA CNX MGM SU TLRY SPCE
Stocks which were UP 4%+ included AAL APA MGM TLRY
CCL JD PINS KRA NCLH DAL BIDU BA UAL EXPE
YY SLB YELP TWTR FSLR WYNN LVS MS ULTA
X M......
AH Futures UP
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was extremely strong maintained UP move of up to 700 DOW points closing @ 500++. Many laggards were flying with double digits gain in today's session alone. These rotation is very healthy for market. Tomorrow's TAPE should be interesting as to which sector will be in focus, old FANG or new laggards.
BLOG does NOT give buy or sell.
Saleem
Hi Stocktrader & Paramjeet,
ReplyDeleteBought ENPH @ $60.00 in pre market...
Saleem
Hi Saleem,
ReplyDeleteGood Luck with ENPH.
Your portfolio seem to be all set for a major uplift with exposure on Energy, Oil/Natural Gas, Gaming/Casino, airlines and related stocks.
Paramjeet
ReplyDeleteHi Paramjeet,
Yesterday was the best gain in my portfolio ever....10.52% gain in one trading day.....totally overwhelmed ......
Hoping for another good day.....
Saleem
Hi Saleem,
ReplyDeleteGood luck with ENPH!
I was looking at FSLR this morning as it usually has the most exposure to large projects like the EU will likely deploy with the green funds. It's probably more of a trade than an investment at this point though.
Stocktrader
ReplyDeleteHi Stocktrader,
FSLR had a very good day yesterday...wants to move higher....
Good luck with your decision....
Saleem
Hi Saleem,
ReplyDeleteBought SQ @ 78.94 on this dip
Stocktrader
ReplyDeleteHi Stocktrader & Paramjeet,
Interesting day so far.....
Had sell order for 3 stocks in pre market.....
2 got filled while 3rd one still waiting????
Sold AAL @ $12.34
Sold MGM $18.90
Saleem
ReplyDeleteHi Stocktrader,
Good luck with SQ
Saleem
Hi Saleem,
ReplyDeleteGood luck with sells - nice profits!!
Bought BHVN @ 59.02
Stocktrader
Hi Saleem,
ReplyDeleteBought FSLR @ 46.59
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with BHVN & FSLR
Saleem
Hi Stocktrader & Paramjeet,
ReplyDeleteBought CCL @ $17.10
Saleem
Hi Saleem,
ReplyDeleteGood luck with CCL!
If you can't beat them, join them:
Bought VICR @ 59.16
Stocktrader
Hi guys,
ReplyDeleteBought DDOG @ 65.27
I'm finally in!
Stocktrader
Hi Saleem,
ReplyDeleteBought PLAN @ 43.50
This puts me in all my favorites in the space for longer term: DDOG PLAN HUBS.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with DDOG PLAN....
Saleem
Hi Saleem,
ReplyDeleteSold UPS @ 97.60
A play that I hoped would work on re-opening thoughts (so they could transport to businesses, their bigger profit center) hasn't panned out. I think AMZN is slicing too much market share from them.
Stocktrader
Hi Saleem,
ReplyDeleteAdded a little more PLAN @ 42.97 because I didn't have enough cash originally to make it a full position.
Stocktrader
Hi Stocktrader & Paramjeet,
ReplyDeleteBought MGM @ $17.50
Saleem
Hi Saleem,
ReplyDeleteBought PSNL @ 11.90 on this dip
Current holdings:
PINS NXPI AKAM DDOG WEN LOW LITE SQ VICR PLAN HUBS AVYA FSLR PSNL BHVN, cash 0.0%
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with PSNL...
Your " dream portfolio is complete "
Saleem
Hi Saleem,
ReplyDeleteYou are fairly correct in that statement. I've been waiting on some of these for a while after not feeling the value was correct during a lot of this run off the bottom.
Stocktrader
Hi Stocktrader,
ReplyDeleteYou forgot to add PS, WDC, WFC and CHGG. I added more PS and CHGG today
Sold HEPA, SRNE, ELF
Saleem - Nice trade on MGM. Minting $$$$
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteBesides running out of money to purchase more new stocks (although will sell FSLR at some point to free up cash since it's only a trade):
I doubt PS's ability to have long term profitability due to having to purchase content and also competition from free services. This keeps me away from what otherwise seems like a pretty good story.
I am watching WDC most closely of that list. I think they are well positioned for the future of computing power with storage and NAND. Low-end competitors are always the problem though in markets that are mostly commoditized, but the low valuation might already discount this.
WFC has just run too far for me to justify right now. I fear their commercial real estate exposure and continued market share loss to online competitors. I think of SQ as the new "bank", so we'll see how that goes.
I read a report from an analyst last week that said CHGG's stock went up one of the most of any in the market compared to how much revenue they actually gained in the crisis, so I wonder how much of this run-up in price is justified. That said, I do like it for entry at some point. Maybe I can look at it in the mid-50s if it gets there...
Stocktrader
Hi Paramjeet,
ReplyDeleteNice job with the pruning! I think we are really in a position where the stronger stocks will continue to perform all year (and I'm trying to trend towards charts above 50/200 DMAs). Some of the capital gains for people are huge, so I think sellers will disappear as we get closer to year end.
Stocktrader
Hi Stocktrader,
ReplyDeleteThanks for the detailed note on stocks.
Good Luck with your picks.
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteI don't claim or pretend to be correct in any of my takes of companies, but just trying to give my personal thoughts or hesitations. Continually trading stocks and churning out new ideas is hard, so even if people disagree, hopefully there's something interesting to read in what I wrote :)
Stocktrader
ReplyDeleteHi Stocktrader,
Writing rationale to buy or sell is a git to reader of this BLOG, I always read your summation.....
We are all different type of trader....focus on totally different trading ideas.....sometimes something clicks and we end up with same stock......
We are all humans, mistakes are part of the game and learning from mistake is a blessing!!!!
Saleem
Hi Stocktrader,
ReplyDeleteI look forward to your perspectives. As Saleem rightfully stated, each one of us have different investment philosophy and I am sure each one of us always have good/bad experiences with what we believe it. That's life and that makes it interesting.
At the end, I wish each one of us come out green $$ and satisfied with the outcomes.
Thank you!!
Paramjeet
Hi guys,
ReplyDeleteI also really like DKNG, but am hoping for a secondary offering.
Stocktrader
Hi guys,
ReplyDeleteI also think it'll be a great trade and/or investment in MTCH when IAC divests its stake.
Stocktrader