Indices closed mixed.
S&P 500 @ 3113.49, low 3108.03, high 3141.16
RSI @ 56.84
CMF @ 0.162
Internals were :
Down volume led by 3.02 to 1 in NYSE & 1.18 to 1 in Nasdaq
Declining stocks led by 1.74 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 78 in NYSE & 144 in Nasdaq
VIX Down .59% @ 33.47
Oil @ $37.96
Gold @ $1735.60
Canadian $ @ .6431
Portfolio AAL CCL CIEN CNX MGM SU
Stocks which closed green included SHOP ERI DKNG
MTCH GAN ESTC DDOG PDD JD PINS NVAX
CLDR SQ UPS AMD ELF TER MSFT DHI NKE
IQ HUYA MRVL MOMO ASML QCOM BYND
BZUN NVDA YY SLB SNAP YELP SINA
OSTK SWKS V PANW.....
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE is trying to deal with Corona Virus flaring up in USA & China. Nasdaq closed in green with strength in many Technology stocks from US & China. Patience and conviction is the key in this type of market. Booking profit has to be a very high priority. Rotation is going on daily.
BLOG does NOT give buy or sell.
Saleem
15 comments:
Hi Guys,
I sold GAN yesterday after poor ER and it closed today 6% higher. Should have held longer.
Anyways, Work from Home are getting back in limelight based upon the movement today. I plan to add AVYA tomorrow. Also will look for the right time to add ROKU, CWH (on pullback) and GAN. Let me know your thoughts on these stocks.
Thanks
Paramjeet
Hi Stocktrader Paramjeet,
Added 80% CCL @ $17.68 in pre market
Saleem
Hi Stocktrader & Paramjeet,
Sold CIEN @ $53.63 in pre market
Saleem
Hi Saleem,
Nice moves! It's fortunate to get gap down opens these days, plenty of choices for pickup.
Stocktrader
Hi Paramjeet,
Funnily enough, I have been looking at GAN for entry this morning over DKNG possibly. I think the small market cap SaaS provider could be the better longer play potentially. Plus, it shouldn't have the big lockup expiration for a while.
I think CWH saw a big spike and now faces tougher comps. I'd probably wait that one out.
ROKU is more interesting. Despite increased competition, I think they still have runway and should benefit from advertisers spending again.
Stocktrader
Hi Stocktrader Paramjeet,
Added 40% AAL @ $16.40 in pre market.
Saleem
Hi guys,
Bought GAN @ 22.82
Stocktrader
Hi Saleem,
Good luck with more travel stocks!
Stocktrader
Hi Stocktrader,
Good luck with GAN....
Saleem
Thank you Stocktrader for your comments.
@Saleem Good Luck with more CCL
@Stocktrader Good Luck with GAN
I added GAN too @ 23.80
Paramjeet
Saleem - Good luck with more CCL
StockTrader & Param - Good luck with GAN
Sold DKNG &42.50
Bought SPY 310 puts for next week. Expecting it go lower tomorrow considering Quadruple witching coming up & the virus cases are increasing
Explorer
Hi Explorer,
Nice run on DKNG! Secondary prices tonight I think.
Good luck on the SPY puts!
Stocktrader
Hi Guys,
Added 25% KRA @ 15.49 today
CATS is finally moving in my portfolio after long consolidation around 19s-20s.
WorkFromHome and biotechs did well as expected due to re-surgence of Covid-19. AH report that MGM Bellagio worker tested positive could cause further negative sentiment.
@Explorer Good Luck with SPY 310 PUTS
@Saleem Good Luck with more AAL
@Stocktrader - Missed the boat on ROKU today
Paramjeet
Hi Explorer & Pramjeet,
Good luck with PUTS, MGM news was this morning all over media..it is a COVID-19 world with millions of infection in USA....one is not a news....
Good luck with more KRA...
Saleem
Post a Comment