Friday, May 15, 2020

Indices closed UP .25% to .79%....NICE !!!!

Indices closed UP and @ high of the day after being down almost 270+ DOW points. Gains came despite heightened trade rhetoric against HUAWEI by White House, maybe market knows its all hot air....

S&P 500 @ 2863.70, high 2865.01, low 2816.78

RSI @ 52.71

CMF @ -0.083

Internals were :

UP volume led by 1.23 to 1 in NYSE & 1.44 to 1 in Nasdaq

Advancing stocks led by 1.41 to 1 in NYSE & 1.68 to 1 in Nasdaq

Net new 52 wk highs were leading by 22 in NYSE & 36 in Nasdaq

VIX Down 2.21% @ 31.89

Oil @ $29.87

Gold @ $1756.30

Canadian $ @ .5904

Stocks which were UP 3% or more included JD
TLRY CGC CRON ACB DDOG PINS NVRX
CCL CLDR CIEN EAT BIDU LULU NVDA
AEM SPLK EXPE NTNX CHK......

JD earnings report was a huge beat in Sales & EPS...

Sales actual $20.5 billion beats by $1.35 billion
EPS actual 28 cents beats by 19 cents

Also guiding higher for Q 2.....
Guiding RMB 180 to 195 billion vs expectations of 
176.51 billion...guiding higher by RMB 10.99 billion

JD stock price made a new all time high of $51.01 & new closing high of $50.85......

In my portfolio...added 35% AAL @ $9.15

Here is my portfolio weighting :

SU         24.97%
AAL      18.86%
CNX     18.81%
MGM   16.05%
APA     11.49%
JD        9.82%

Next post by 6 PM on Sunday!

BLOG does NOT give buy or sell.

Saleem 

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