Monday, June 1, 2020

Indices closed UP .36% to .66%....NICE !!!!

Indices closed UP.

 S&P 500 @ 3055.73, high 3062.18, low 3031.54

 RSI @ 64.35

 CMF @ 0.097

 Internals were :

 UP volume led by 4.26 to 1 in NYSE & 2.56 to 1 in Nasdaq

 Advancing stocks led by 3.26 to 1 in NYSE & 1.59 to 1 in Nasdaq

 Net new 52 wk highs were leading by 75 in NYSE & 125 in Nasdaq

 VIX UP 2.62% @ 28.23

 Oil @ $34.44

 Gold @ $1750.30

 Canadian $ @ .6393

 Portfolio AAL APA CCL CNX ENPH MGM SU

 Stocks which were UP 5% or more included AAL APA CCL
NVAX CLDR SEDG NCLH RUN BYND BZUN TSLA
UAL YY OSTK X TRIL......

 AH Futures Down

 AH Asian Markets Mixed

 AH Oil & Gold UP

 About market, TAPE opened lower but closed near high of the day despite Chinese retaliation not to buy Agricultural products from USA. Market is getting stretched in many sectors, please check RSI of 60 or higher to do program selling. TAPE is too calm to fool many people without notice, overbought is the word.

 BLOG does NOT give buy or sell.

 Saleem
at

11 comments:

  1. stocktrader_1996June 2, 2020 at 6:36 AM

    Hi Saleem,

    Sold VICR @ 60.25

    I think I may have entered too late to make good gains for now.

    Bought GH @ 83.14 on the secondary

    A leader in their field, and with recent impressive results in this challenging environment, I figured this was the time.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996June 2, 2020 at 6:43 AM

    Hi guys,

    I thought GTLS said some good things last night too. I might try to enter, but I think it is held back by "carbon" exposure.

    Stocktrader

    ReplyDelete
  3. Stocks100June 2, 2020 at 6:47 AM

    Hi Stocktrader,

    Good luck with GH

    Saleem

    ReplyDelete
  4. stocktrader_1996June 2, 2020 at 8:02 AM

    Hi Saleem,

    Sold ELY @ 15.23 on persistent weakness

    It just hasn't performed like it should have during this "re-opening" trade recently. I'll look to redeploy funds.

    Stocktrader

    ReplyDelete
  5. Stocks100June 2, 2020 at 8:12 AM

    Hi Stocktrader,

    Good luck with new pick.

    Saleem

    ReplyDelete
  6. Stocks100June 2, 2020 at 12:28 PM

    Hi Stocktrader

    Sold ENPH @ $57.35

    Bought CRWD @ $91.50....reports tonight

    Saleem

    ReplyDelete
  7. explorerJune 2, 2020 at 12:29 PM

    Hi StockTrader,

    Thanks for the note on CRWD. I got a call option for $100 strike expiring this Friday.

    Also got ZM put option for $180 expiring this Friday

    Thanks
    Explorer

    ReplyDelete
  8. stocktrader_1996June 2, 2020 at 1:00 PM

    Hi guys,

    Good luck on CRWD action (and ZM)!

    Stocktrader

    ReplyDelete
  9. psrajpalJune 2, 2020 at 1:49 PM

    Hi Saleem and Explorer,

    Great call on CRWD. The stock is up big AH.

    Excellent entry in GH, stocktrader. I missed the boat on this.

    Thanks for sharing..

    Paramjeet

    ReplyDelete
  10. explorerJune 2, 2020 at 2:46 PM

    Hi Saleem,

    It seems our messages have exchanged on CRWD. Good luck and congratulations, stock is moving higher AH

    Param/StockTrader, thanks for your appreciative note

    Explorer

    ReplyDelete
    Replies
    1. Stocks100June 2, 2020 at 3:22 PM

      Hi Explorer,

      You got 2 trades AH perfect

      ZM puts

      CRWD calls

      Extremely rare....

      Saleem

      Delete