Indices closed UP.
S&P 500 @ 3232.39, high 3233.13, low 3196.00
RSI @ 74.48
CMF @ 0.267
Internals were :
UP volume led by 10.87 to 1 in NYSE & 2.54 to 1 in Nasdaq
Advancing stocks led by 4.36 to 1 in NYSE & 3.02 to 1 in Nasdaq
Net new 52 wk highs were leading by 72 in NYSE & 124 in Nasdaq
VIX UP 5.26% @ 25.81
Oil @ $38.19
Gold @ $1705.10
Canadian $ @ .6617
In my portfolio :
Bought in pre market GOLD @ $23.46
SHOP @ $715.00
Added 50% SU @ $21.22
Portfolio GOLD CIEN CNX SHOP SU
Stocks which were UP 6% or more included CNX
CGC TLRY CRON APA CCL NCLH DAL
UAL MGM WYNN GAN LYFT ROKU
BA JKS SPWR FSLR SLB CLVS
NIO NTNX X M ....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE was strong from open till close and closed @ high of the day. Nasdaq did dip into red briefly but made a new closing all time high. Laggards were UP sharply again as new allocation to equities are pouring in. Fed meeting starting on Tuesday with statement on Wednesday @ 2 PM. Fed keep pouring funds into all aspect of market to give support / boost.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteGood luck with more SU!
Stocktrader
Hi Paramjeet,
ReplyDeleteMany of your stocks did quite well today - nice 45%er in one session!
Good luck as you continue rotations.
Stocktrader
Hi guys,
ReplyDeleteMTCH finally announced the sale of shares. I might try to enter for retirement portfolio. Will definitely try a day trade in trading account.
Stocktrader
Hi Stocktrader Paramjeet
ReplyDeleteSold SHOP @ $738 in pre market
Saleem
Hi Saleem,
ReplyDeleteSold BHVN @ 68.907 to take profits
Bought MTCH @ 89.87
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with MTCH....
Saleem
Hi Guys,
ReplyDeleteSold LVGO @ 59.40 to book profits.
Amazed to see the strength in KRA. It backs down and goes back up quickly. Not sure if secondary is on the cards or is it just too good value. I recall a UBS analyst gave a sell rating with $8.00 price target few week's back.
PS is down due to proposed underwritten public offering.
Eyeing EXTR - Comments appreciated..
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteNice job with LVGO profits!
KRA has shown more resilience than its peers due to some of its specific business lines, but I still can't justify a "chemical" company these days as a long term growth objective. It basically is merely a value play, but it might be getting stretched now despite a really good looking chart still.
With all the IPOs and secondaries we are seeing, I'm a little worried the market will run out of steam and either need to digest sideways or lower.
PS probably still has to raise money for business operations at some point - this one is only for insiders to unload.
I don't know what is propelling the recent rise in EXTR. I generally don't like small $ stocks, but I've missed a lot of recent runs as a result. I guess I'd look for it to regain the 200 DMA before making a bigger bet. The fact that it was so sluggish during the tech run earlier in this market rise has me wary.
Stocktrader
Hi Stocktrader,
ReplyDeleteThank you for sharing your thoughts and providing analysis on the stocks.
Thanks
Paramjeet
Hi guys,
ReplyDeleteSold SQ @ 91.32 to take profits
Just kinda feeling icky about both Nasdaq 10k and junk stock fervor to precipitate a round of profit taking. Add on to many reports of cases spiking in re-opened areas, and with SQ's very high exposure to small business, and I found this the most vulnerable in my portfolio.
Stocktrader
Hi Guys,
ReplyDeleteSold 60% XELB @ 1.75 --> Gain of 88.16% Wow!!
Bought AVYA @ 14.22
Bought PLAN @ 46.30
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteYou are a master at finding those one-day surges - wow!
Good luck with AVYA and PLAN!
Stocktrader
Yep. Taking some risks here but it seem to be working out in the momentum driven market. Holding ACOR, VSTM, OPK, LK and XELB in that mix for now. Trying not to hold for long because I had burnt myself with TRIL last year by staying too long until secondary killed it for good.
ReplyDeleteThanks for your comments!!
Paramjeet