Tuesday, June 23, 2020

Indices closed UP .43% to .74%....NICE !!!!

Indices closed UP.

S&P 500 @ 3131.29, high 3154.90, low 3127.12

RSI @ 58.03

CMF @ 0.158

Internals were :

UP volume led by 1.31 to 1 in NYSE & 2.0 to 1 in Nasdaq

Advancing stocks led by 1.54 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 131 in NYSE & 191 in Nasdaq

VIX Down 1.26% @ 31.37

Oil @ $40.37

Gold @ $1782.00

Canadian $ @ .6452

Portfolio AAL APA CCL MGM SU

Stocks which were UP 2% or more included MGM CCL 
CNQ ERI MTCH LYFT PDD NVAX EAT UPS AAPL
NCLH JKS SPWR FSLR CSIQ NKE BZUN BABA
CLVS SNAP NTNX......

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was quite strong earlier in the day but faded into close, still it was a green close in all major indices. Nasdaq again closed @ new all time high. Many stay @ home stocks faded into close. Closing near low of the day is never good technically speaking.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Added one of my favorites back and needed more SaaS exposure anyways:

Bought PLAN @ 47.48

Stocktrader

stocktrader_1996 said...

Hi guys,

I almost added HEAR for a two day trade (getting added to Russell indices on Friday and heavy short interest), but decided to play it for the longer term. I did pick up HEAR in my trading account this morning so we'll see how that goes.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with PLAN and HEAR...

Saleem

psrajpal said...

Hi Guys,

Sold XELB @ .95
Sold 30% NVAX @ 79
Sold 25% KRA @ 15.55

Added the following

HEPA @ 2.71 (30%)
PSNL @ 13.33 (20%)
GAN @ 24.01 (20%)
OVID @ 7.01 (50%)

Stocktrader - Good luck with HEAR and PLAN. HEAR already looking good.

Paramjeet

stocktrader_1996 said...

Hi Paramjeet,

Good luck with the rotations!

HEAR is just for my trading account for the week, but the setup really looks good I think. Here are some additions to the Russell indices this week: PINS CRWD GAN DDOG NET FSLY PTON WORK SEDG HEAR. I'm sure some/most of the gains are already built-in, but it makes for interesting trading into the Friday close.

https://content.ftserussell.com/sites/default/files/ru3000_additions_20200619.pdf

I'm not sure why ADPT isn't on this list, but I don't know all the exact criteria I guess.

Stocktrader