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

11 comments:

stocktrader_1996 said...

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

stocktrader_1996 said...

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

Stocks100 said...

Hi Stocktrader,

Good luck with GH

Saleem

stocktrader_1996 said...

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

Stocks100 said...

Hi Stocktrader,

Good luck with new pick.

Saleem

Stocks100 said...

Hi Stocktrader

Sold ENPH @ $57.35

Bought CRWD @ $91.50....reports tonight

Saleem

explorer said...

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

stocktrader_1996 said...

Hi guys,

Good luck on CRWD action (and ZM)!

Stocktrader

psrajpal said...

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

explorer said...

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

Stocks100 said...

Hi Explorer,

You got 2 trades AH perfect

ZM puts

CRWD calls

Extremely rare....

Saleem