Thursday, June 4, 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3112.35, low 3090.41, high 3128.91

RSI @ 67.44

CMF @ 0.214

Internals were :

UP volume led by 1.95 to 1 in NYSE & 2.15 to 1 in Nasdaq

Advancing stocks led by 1.08 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 45 in NYSE & 60 in Nasdaq

VIX UP .58% @ 25.81

Oil @ $37.41

Gold @ $1727.40

Canadian $ @ .6483

In my portfolio :

Sold AAL @ $12.75 in pre market

Bought DAL @ $29.70 in pre market

Sold CRWD @ $92.75

Bought MGM @ $21.25

Portfolio APA CCL CIEN CNX DAL MGM

Stocks which were UP 3% or more APA CCL DAL MGM
AAL ERI LYFT CRON MU EAT NCLH GILD BA JKS
UAL SLB MS OSTK......

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE closed mixed with Nasdaq stocks under pressure after making a new all time high for Nasdaq 100. Airlines stocks were the star of today along with Casino  & Cruise lines, all coming back on stream as of today or planning aggressive booking format 50% capacity is the word.

BLOG does NOT give buy or sell.

Saleem

18 comments:

Stocks100 said...

Hi Stocktrader & Paramjeet,

Bought SU @ $20.12 in pre market.

Saleem

stocktrader_1996 said...

Hi Saleem,

What a jobs number - wow!

Good luck with SU :)

Stocktrader

stocktrader_1996 said...

Hi guys,

Well now I know I wasn't cyclically enough exposed. Still stunned by that amazing jobs number!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

You have been playing airlines and casinos for weeks. That proves to be an amazing call - all props to you!

Stocktrader

psrajpal said...

Hi Guys,

Economy opening stocks are on fire.. Still holding some WorkfromHome stocks which are not down but not moving up now. Will re-balance when key stocks retreat from excitment highs.

Still holding LK. It is not at 6+ Wow!!

Thanks

Paramjeet

Stocks100 said...

Hi Stocktrader,

Don't forget CCL which is part of my current portfolio...

Not to mention all the oil gas.

Saleem

stocktrader_1996 said...

Hi Saleem,

Absolutely: "Portfolio APA CCL CIEN CNX DAL MGM"

Perfection!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

And today's add SU also of course

Stocktrader

psrajpal said...

Hi Guys,

Saleem, your stock selection is right on the money. All green for weeks now. Good show all around.

Market seem to be over-heated and must cool off soon.

Sold ELY @ 17.77 to book profits.
Sold 50% LK at 6.00 (What a run!!)
Bought NVAX @ 47.51
Bought RF @ 13.47

Paramjeet

Paramjeet

Stocks100 said...

Hi Paramjeet,

Thanks for your feedback re my portfolio, much appreciated.

Good luck with NVAX and RF.

LK amazing run..

Saleem

stocktrader_1996 said...

Hi Paramjeet,

Good luck on re-positioning.

Every move today is breathtaking (and for the whole week really), and so it's hard to make proper adjustments right now.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold LYFT @ 39.25 to take profits

It's running into resistance here, so I thought I'd step back and see how it goes from there.

It feels dangerous to not be fully invested here however.

Stocktrader

Stocks100 said...


Hi Stocktrder,

Good strategy to take profit and redeploy funds.

Good luck with new picks!

Saleem

psrajpal said...

Hi Guys,

Sold some additional stocks today

KRA @ 18.39
GH @ 83.21
RF @ 13.45 (Did not like the price movement)
BLPH @ 12.93
Added VSTM @1.87 for a potential breakout

Thanks

Paramjeet

stocktrader_1996 said...

Hi Saleem,

Bought NXPI @ 113.80

Not an ideal entry after the huge run and looming China frictions, but I needed some semi exposure and I like this name and management.

Stocktrader

stocktrader_1996 said...

Hi Paramjeet,

Good luck with fresh cash to deploy. I'll admit I'm at a bit of a loss for what the next move or hot sector might be.

Stocktrader

psrajpal said...

Thanks guys.

Finally SOLD PS @ 21.08
Sold LK @ 5.60
Bought TLRY @ 9.50

Have a good weekend.

Paramjeet

Stocks100 said...


Hi Stocktrader & Paramjeet,

Good luck with NXPI & TLRY....

Saleem