Friday, June 5, 2020

Indices closed UP 2.06% to 3.15%....NICE !!!!

Indices closed near high of the day, this day will go down in history books for outsize gains seen in Oil, Airlines, Cruise lines and Casino stocks to name a few sectors. For me it was mind numbing experience where % gains were so much, it was hard to believe it was actually happening to my portfolio.

S&P 500 @ 3193.93, high 3211.72, low 3163.84

RSI @ 72.48

CMF @ 0.250

Internals were :

UP volume led by 8.15 to 1 in NYSE & 3.46 to 1 in Nasdaq

Advancing stocks led by 4.99 to 1 in NYSE & 3.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 65 in NYSE & 111 in Nasdaq

VIX Down 5.00% @ 24.52

Oil @ $39.55

Gold @ $1683.00

Canadian $ .6575

Stocks which were UP 5%++ APA CCL CNX DAL SU
AAL DHI BA UAL SLB SNAP CHK NTAP LYFT
ENPH CNQ NCLH YELP WYNN SWKS X.....

In my portfolio :

In pre market bought SU @ $20.12

In After hours Sold
APA @ $15.96
CCL @ $22.05
MGM @ $22.00
DAL @ $35.09

I have sold 58% of my portfolio in After hours.....

Here is my portfolio weighting for 42% allocation :

CIEN      51.33%

CNX       25.60%

SU         23.07%

Next post by 6 PM on Sunday!

BLOG does NOT give buy or sell.

Saleem


1 comment:

psrajpal said...

Hi Guys,

Last week was not as fruitful as previous weeks have been for my portfolio. With investments inclined towards WorkFromHome stocks and biotechs, weekly returns were flat. Atleast, it managed to stay on the positive side.

Weekly Gains 1.52% ; YTD 510.77$%

Current Holdings

Consumer Discretionary : CHGG, XELB
Health Care: ALT CATS CLVS LVGO NVAX ONEM PSNL TLRY VIR VSTM
Information Technology: AVYA DDOG ENPH SAIL
Sports Gaming: GAN

Winners : LK ELY PS KRA XELB PSNL AVYA ELF BHVN
Losers : ALT NVAX CATS CLVS ONEM VIR
New Entry : TLRY

Thanks

Paramjeet