Indices closed UP.
S&P 500 @ 2881.19, high 2901.92, low 2876.48
RSI @ 55.35
CMF @ -0.006
Internals were :
UP volume led by 2.67 to 1 in NYSE & 2.39 to 1 in Nasdaq
Advancing stocks led by 2.96 to 1 in NYSE & 2.33 to 1 in Nasdaq
Net new 52 wk highs were leading by 9 in NYSE & 52 in Nasdaq
VIX Down 7.85% @ 31.44
Oil @ $23.53
Gold @ $1725.80
Canadian $ @ .6022
In my portfolio :
Bought APA in pre market @ $11.63
Bought ENPH @ $54.50 minutes before close
Portfolio AAL APA CIEN CNX CLDR ENPH MGM MU SU
Stocks which were UP 3%++ AAL CLDR ENPH MGM SU
DDOG CCL EAT TWTR PINS ROKU DAL BA LYFT
LSCC SQ TWLO UBER AEM NEM FEYE SPLK
FSLR EXPE PANW SLB SNAP MGA MS CMG...
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE is looking very healthy again with Nasdaq in positive for 2020, all indices closed near high of the day. Retest of low crowd must lock themselves until October when there might be some kind of corrective action. TAPE looks so strong that it is hard to believe some of the % gains like 40% in 1 trading day like TWLO. Most software / cloud stocks are flying. Follow the TAPE, it is the real deal, rest is all talk.
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hi Saleem,
Good luck with ENPH - it is one of my favorites that just ran away!
The market buying is relentless in the growth stocks. I find myself underexposed, and probably in the wrong stocks. I'll continue to look for opportunities, but I find my portfolio right now fairly far away from my usual areas of concentration...
Stocktrader
Hi Stocktrader,
Thanks for your positive take on ENPH....in a booming market I tend to go with strength and maybe overbought but they keep going higher and higher....
My portfolio is a mix of " speculative buys and strength " more money allocated to strength or highest comfort sector which is Technology & oil / gas / exploration...
Good luck with your rethink and reallocation!
Saleem
Hi Saleem,
Bought NXPI @ 104.32
I wanted a semi with some cyclical exposure, and this one fit nicely. Plus it makes chips for the touchless communications between devices, which might become more prevalent for things like paying.
Bought AKAM @ 101.56
Going back to my original thesis of prospering with higher internet traffic, but also exposed to live event streaming which could come back stronger if we play sports with empty stadiums for a while.
I still need some cloud exposure that I'm woefully lacking...
Stocktrader
Hi Stocktrader,
Good luck with AKAM & NXPI.....
Good luck with cloud selection.....
Saleem
Hi Saleem and Stocktrader,
Added CATS @22.75 on pullback.
Added NVAX @17.95
Added OPK yesterday at @1.95
Sold BHVN@48.50 to book profits.
Eyeing HCAT if it backs down a bit later this afternoon.
Thanks
Paramjeet
Hi Saleem and StockTrader,
Sold KRA @14.70
Bought KROS @27.22
Looking to enter some calls of BYND later today.
Thanks,
Explorer
Hi Paramjeet & Explorer,
Nice to book profit$$$$
Good luck on new add on and new / potential buys.
Saleem
Hi guys,
Good luck with the new positioning!
Paramjeet, I was looking at HCAT too, but nervous about recent lack of participation despite the breakout today.
Nice bump we all got on KRA finally! :)
Stocktrader
Hi Stocktrader,
Thanks for your comments on HCAT. I am seeing more interest and momentum today than in the past.
Added a small portion at @26.81 before this runs away too fast.
KRA is a amazing stock. Following up since you recommended back when it was at 8-9$. Great find..
Thanks
Paramjeet
Hi Stocktrader,
I re-checked your comments on CATS earlier this week. You mentioned that it is a HEALTH INSURANCE company. Not sure if it was a typo.
Catasys, Inc. is a leading AI and technology-enabled healthcare company whose mission is to help improve the health and save the lives of as many people as possible.
I added today and thought I should correct the description for readers.
Thanks
Paramjeet
Hi Paramjeet,
Oh right, I might have said insurance, but I meant they sell into health plans, which still makes me nervous ahead of the election I guess. It's a very interesting company though utilizing AI to improve lives. Did you happen to see the short report issued recently? I didn't find a copy of it.
Stocktrader
Hi Saleem/StockTrader/Paramjit,
Bought BYND 150 6/19 exp call when the price was @130.50. It is little extended but this still has some room for higher if MCD announcement can come sooner.
Thanks,
Explorer
Hi Explorer,
Good luck with BYND calls!
Saleem
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