Thursday, June 11, 2020

Indices closed down 5.27% to 6.90%.....

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
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10 comments:

  1. Stocks100June 12, 2020 at 7:06 AM

    Hi Stocktrader,

    Bought AAL @ $17.00

    Saleem

    ReplyDelete
  2. psrajpalJune 12, 2020 at 7:35 AM

    Hi Guys,

    Sold HEPA @ 2.20
    Bought TER @ 73.21
    Bought QLYS @ 103.47
    Bought Roku @ 106.50

    Paramjeet

    ReplyDelete
  3. Stocks100June 12, 2020 at 8:12 AM

    Hi Stocktrader,

    Added 50% AAL @ $16.25

    Sold ROKU @ $106.50

    Saleem

    ReplyDelete
  4. stocktrader_1996June 12, 2020 at 8:19 AM

    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

    ReplyDelete
  5. psrajpalJune 12, 2020 at 8:40 AM

    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

    ReplyDelete
  6. Stocks100June 12, 2020 at 8:55 AM

    Hi Paramjeet,

    Good luck with HEPA TER QLYS ROKU

    Saleem

    ReplyDelete
  7. stocktrader_1996June 12, 2020 at 12:48 PM

    Hi Saleem,

    Sold ENPH @ 48.39 on relative weakness

    Very heavy put action today far out the money also worries me.

    Stocktrader

    ReplyDelete
  8. Stocks100June 12, 2020 at 2:25 PM

    Hi Stocktrader,

    Yes...it is always good to go with your take on technicals and option action...

    Good luck with your next pick!

    Saleem

    ReplyDelete
  9. psrajpalJune 12, 2020 at 2:40 PM

    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

    ReplyDelete
  10. Stocks100June 12, 2020 at 4:25 PM


    Hi Paramjeet,

    Good luck with TLRY & other stocks in your portfolio....

    Saleem

    ReplyDelete