Indices closed down.
S&P 500 @ 3002.19, low 2999.49, high 3123.53
RSI @ 48.58
CMF @ 0.212
Internals were :
Down volume led by 37.27 to 1 in NYSE & 4.92 to 1 in Nasdaq
Declining stocks led by 17.68 to 1 in NYSE & 12.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 5 in NYSE & 15 in Nasdaq
VIX UP 47.95% @ 40.79
Oil @ $36.34
Gold @ $1739.80
Canadian $ @ .6437
In my portfolio ...added 60% MGM @ $17.50 in pre market
Portfolio CGC CIEN CNX MGM ROKU SU
Stocks which closed green included ZM VICR HUYA
YY CHK.....
AH Futures UP
AH Asian Markets Down
AH Oil & Gold Down
About market, TAPE was extremely weak from open and closed near low of the day. Today's downdraft must not surprise any of this BLOG reader as it was highlighted in last night commentary. Reason of this slump is overbought overbought overbought and needed this major adjustment. We have to watch how we close on Friday to analyze this TAPE for real strength or weakness.
BLOG does NOT give buy or sell.
Saleem
10 comments:
Hi Stocktrader,
Bought AAL @ $17.00
Saleem
Hi Guys,
Sold HEPA @ 2.20
Bought TER @ 73.21
Bought QLYS @ 103.47
Bought Roku @ 106.50
Paramjeet
Hi Stocktrader,
Added 50% AAL @ $16.25
Sold ROKU @ $106.50
Saleem
Hi Saleem/Paramjeet,
Good luck with the new positions!
I'm still uncertain what happens next in the market here so I'm trying not to make too many moves.
Stocktrader
Hi Saleem,
Good luck with AAL.
Sold VIR @ 33.00
Bought back HEPA @ 2.04
Stocktrader, There is a tug-of-war going on in the market at this time. Trying to rotate to slow moving but quality stocks for the same reason. Good luck with your holdings!!
Thanks
Paramjeet
Hi Paramjeet,
Good luck with HEPA TER QLYS ROKU
Saleem
Hi Saleem,
Sold ENPH @ 48.39 on relative weakness
Very heavy put action today far out the money also worries me.
Stocktrader
Hi Stocktrader,
Yes...it is always good to go with your take on technicals and option action...
Good luck with your next pick!
Saleem
Hi Saleem,
Bought TLRY AH @ 8.47
Sold 50% ALT @ 7.62 after the monster 2 day run.
Covid numbers are increasing. Next week is expected to be volatile like the current week.
Reported in CNBC - "States may need to reimplement the strict social distancing measures that were put in place earlier this year if U.S. coronavirus cases rise “dramatically,” the CDC said."
Have a good weekend !!
Paramjeet
Hi Paramjeet,
Good luck with TLRY & other stocks in your portfolio....
Saleem
Post a Comment