Tuesday, June 2, 2020

Indices closed UP .59% to 1.05%....NICE!!!!

Indices closed UP.

 S&P 500 @ 3080.82, high 3081.07, low 3051.64

 RSI @ 66.14

 CMF @ 0.098

 Internals were :

 UP volume led by 3.89 to 1 in NYSE & 1.84 to 1 in Nasdaq

 Advancing stocks led by 2.89 to 1 in NYSE & 1.70 to 1 in Nasdaq

 Net new 52 wk highs were leading by 70 in NYSE & 96 in Nasdaq

 VIX Down 4.92% @ 26.84

 Oil @ $36.81

 Gold @ $1735.00

 Canadian $ @ .6479

 In my portfolio :

 Sold ENPH @ $57.35

 Bought CRWD @ $91.50...in regular hours, earnings came AH and it beat all expectations of Sales, EPS & Guidance CRWD close AH UP $5.75 or 6.23% @ $98.00...expect many upgrades and price target hikes.....

 Portfolio AAL APA CCL CNX CRWD MGM SU...

 Stocks which were UP 3% or more included CNX APA SU
NTAP KBH CNQ SQ KRA TER MRVL QCOM BZUN
BABA QRVO YY SLB OSTK SWKS M......

 AH Futures UP

 AH Asian Markets Mixed

 AH Oil UP

 AH Gold Down

 About market, TAPE closed @ high of the day despite demonstration / disruption  about opportunities and equality. Damages were deemed minor and will be restored easily. We are all set to hit new all time highs based on buying binge from under-invested in equities which has gained 40% from mid March lows or in last 11 weeks.

 BLOG does NOT give buy or sell.

 Saleem

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17 comments:

  1. psrajpalJune 3, 2020 at 5:34 AM

    Hi Guys,

    Started a small position (AH yesterday) in LK at 2.25.

    A lot of negative news particularly the de-listing notice and US/China fiasco is already built into the stock price. However, there is a hugh room for stock to run until anything material occurs.

    Tim Hortons, Yum Brands and Starbucks already showing interest in buying out LK assets if needed and yesterday one legal firm cancelled the suit.

    Will ride this momentum and see where this goes.

    Thanks

    Paramjeet

    ReplyDelete
  2. stocktrader_1996June 3, 2020 at 6:10 AM

    Hi guys,

    It feels like it could be a fierce sell-the-stay-at-home trade today based on the current stock price reaction to ZM's most amazing quarter I've ever seen.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996June 3, 2020 at 6:10 AM

    Hi Paramjeet,

    There is no doubt LK still does substantial business. It will be interesting to see how this plays out over time.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996June 3, 2020 at 6:32 AM

    Hi guys,

    Sold PLAN @ 45.31
    Sold SAIL @ 23.52

    Taking profits in some of the weaker cloud charts.

    Stocktrader

    ReplyDelete
  5. psrajpalJune 3, 2020 at 6:42 AM

    Hi Guys,

    Sold BHVN @66.66 to book profits.

    Bought GAN @20.65 to enter an online gaming sector on the pullback.

    Paramjeet

    ReplyDelete
  6. stocktrader_1996June 3, 2020 at 6:54 AM

    Hi Paramjeet,

    Good luck on the swap! I keep watching DKNG...

    Stocktrader

    ReplyDelete
  7. stocktrader_1996June 3, 2020 at 6:55 AM

    Hi guys,

    Bought ADPT @ 40.80 on positive Goldman note and breakout chart potential

    Bought LYFT @ 34.04 on good news last night and positive analyst commentary

    Stocktrader

    ReplyDelete
  8. stocktrader_1996June 3, 2020 at 7:39 AM

    Hi guys,

    Sold HUBS @ 210.58 on poor price action after a big run

    Stocktrader

    ReplyDelete
  9. stocktrader_1996June 3, 2020 at 7:50 AM

    Hi guys,

    It feels like a desperate move, but:

    Bought GTLS @ 44.53 to get industrial exposure

    After a better-than-feared Q2 update, this one might have room to run.

    Stocktrader

    ReplyDelete
  10. psrajpalJune 3, 2020 at 8:51 AM

    Hi guys,

    Sold KRA @17.41 to book profits.
    Bought LVGO at @61.25

    Thanks

    Paramjeet

    ReplyDelete
  11. Stocks100June 3, 2020 at 9:25 AM


    Hi Stocktrader & Paramjeet,

    Sold SU @ $18.73

    Good luck with all the buys

    Good move in booking profits$$$$$

    Saleem

    ReplyDelete
  12. stocktrader_1996June 3, 2020 at 9:37 AM

    Hi Paramjeet,

    Nice job on KRA!

    Stocktrader

    ReplyDelete
  13. Stocks100June 3, 2020 at 9:48 AM


    Hi Stocktrader,

    Sold MGM @ $20.00

    Saleem

    ReplyDelete
  14. psrajpalJune 3, 2020 at 9:57 AM

    Hi Saleem,

    Nice trades on SU and MGM. Good to see green $$ being made here.

    Added PSNL @12.96

    Paramjeet

    ReplyDelete
  15. stocktrader_1996June 3, 2020 at 9:58 AM

    Hi Saleem,

    Once again an amazing trade on MGM - congrats!!

    Stocktrader

    ReplyDelete
  16. psrajpalJune 3, 2020 at 10:40 AM

    Hi Guys,

    Sold NVAX @45. A news report in NYT that Novavax is not in "Vaccine Finalist" list killed it. Will reenter at lower price if opportunity do arise.

    Bought CHGG at 60.00

    Paramjeet

    ReplyDelete
  17. stocktrader_1996June 3, 2020 at 11:09 AM

    Hi Paramjeet,

    You still nailed NVAX nicely if I remember correctly!

    Good luck with CHGG.

    Stocktrader

    ReplyDelete