Monday, May 18, 2020

Indices closed UP 2.44% to 3.85%....NICE !!!!

Indices closed UP.

 S&P 500 @ 2953.91, high 2968.09, low 2913.86

 RSI @ 58.92

 CMF @ -0.011

 Internals were :

 UP volume led by 10.14 to 1 in NYSE & 3.21 to 1 in Nasdaq

 Advancing stocks led by 7.12 to 1 in NYSE & 4.42 to 1 in Nasdaq

 Net new 52 wk highs were leading by 51 in NYSE & 4.42 to 1 in Nasdaq

 VIX Down 8.12% @ 29.30

 Oil @ $31.82

 Gold @ $1734.40

 Canadian $ @ .6060

 In my portfolio :

 Bought SRNE @ $9.20
Bought TLRY @ $7.95
Sold JD @ $55.25

 Portfolio AAL APA CNX MGM SRNE SU TLRY

 Stocks which were UP 7% or more included
AAL APA CNX MGM JD
ENPH NVAX CCL BMO EAT
KRA ELF MESO MRNA DAL 
BIDU DHI KBH PHM BA LYFT
UAL EXPE YY SLB FSLR SPWR
JKS MOMO MGA MS.....

 AH Futures Mixed

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE was on fire on optimistic comment about US economy by Fed Chief on 60 minutes. Before open MRNA lit more fire by confirming success in phase 1 testing for treatment of COVID-19 patients. DOW was the strongest and had the best internals of 10 to 1 positive which is very rare. S&P 500 have closed above much touted resistance of 2950 where it failed twice previously but 3rd time was a charm.

 BLOG does NOT give buy or sell.

 Saleem
at

9 comments:

  1. Stocks100May 19, 2020 at 6:00 AM

    Hi Stocktrader Paramjeet

    Added 25% AAL @ $9.96 in pre market.

    Saleem

    ReplyDelete
  2. stocktrader_1996May 19, 2020 at 6:12 AM

    Hi Saleem,

    Good luck with more AAL!

    I definitely have to admit the airlines' prospects are looking a bit better these days.

    Stocktrader

    ReplyDelete
  3. psrajpalMay 19, 2020 at 7:11 AM

    Good Morning Folks,

    Added LUV @ 27.18
    Added HEPA @ 1.77
    Added MGM @ 14.80

    Sold CLVS yesterday AH at 8.36 - Secondary killed it.

    Thanks

    Paramjeet

    ReplyDelete
  4. Stocks100May 19, 2020 at 8:02 AM

    Hi Paramjeet

    Good luck with LUV HEPA MGM

    Any thoughts on SRNE tanking again?

    Saleem

    ReplyDelete
  5. psrajpalMay 19, 2020 at 8:17 AM

    Hi Saleem,

    Selling SRNE at this time would be a total loss. I will add more to average down at the potential support level and keep it until the next positive movement cycle.

    Added EAT today at 22.71

    Thanks

    Paramjeet

    ReplyDelete
  6. Stocks100May 19, 2020 at 8:22 AM


    Hi Paramjeet,

    Thanks for your read on SRNE.....

    Saleem

    ReplyDelete
  7. stocktrader_1996May 19, 2020 at 10:42 AM

    Hi Paramjeet,

    Good luck with the new adds!

    Stocktrader

    ReplyDelete
  8. psrajpalMay 19, 2020 at 11:53 AM

    Hi Saleem,

    Added ONEM @ 32.21 earlier today.

    Thanks

    Paramjeet

    ReplyDelete
  9. Stocks100May 19, 2020 at 12:18 PM

    Hi Paramjeet,

    Good luck with more ONEM...

    Saleem

    ReplyDelete