Indices closed UP.
S&P 500 @ 3117.86, high 3120.92, low 3079.39
RSI @ 56.86
CMF @ 0.145
Internals were :
UP volume led by 1.16 to 1 in NYSE & 1.57 to 1 in Nasdaq
Advancing stocks led by 1.18 to 1 in NYSE & 1.19 to 1 in Nasdaq
Net new 52 highs were leading by 98 in NYSE & 137 in Nasdaq
Oil @ $40.46
Gold @ $1766.40
Canadian $ @ .6452
Portfolio AAL APA CCL MGM SU
Stocks which closed green included APA SU GOLD GOOS
SHOP ZM CRWD ESTC DDOG KBH PINS SQ MSFT
AAPL NKE LULU TWLO AEM SPLK NFLX CLVS
SNAP MA OSTK NKE CMG M......
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE closed near high of the day, Nasdaq closed @ new all time high. Internals were positive. China trade deal is off which is pressuring futures. This will create a buying opportunity in your stocks of interest.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi guys,
Good luck with the DKNG and BHVN exposure.
I am thinking GAN shows better potential at these levels, so that's how I'll play the online gaming trend. I don't want to get too overexposed in one niche area so I'll have to pass on DKNG. They all should do well though as the online market expands dramatically in coming years.
Stocktrader
Hi guys,
What do I do with something like DDOG?
Approaching $27B valuation for a company that won't do 1B in revenues until 2022...
Stocktrader
Hi Stocktrader,
Good question ....DDOG
Take the money and run$$$$$
Saleem
Hy Guys,
Added CGC @ 17.60 (Stock rose sharply to 18.65 and now back to 17.40s - Amazing swing !!)
Sold AEY @ 2.43
Added 60% more HEPA @ 2.76 earlier today (Hepion Pharma CRV431 shows efficacy in Kidney Fibrosis. Stock is a Liver NASH play. New organ efficacy could be a game changer. This is also a takeover candidate)
Paramjeet
Hi Paramjeet,
Good luck with CGC - I maybe should have sold on that big pop today. Analysts like CGC's positioning, but valuation is still pretty stretched. It's more of an election play than long term story for me, so I struggle to know when to cut it loose and/or know when it may not be working.
You are very good with the <$5 stocks - keep finding the gems! :)
Stocktrader
CGC has been a disappointment today. Close was pathetic. Will reevaluate the exposure later this week if this is worthy of a hold.
On <$5 stocks, lately it worked well for my portfolio. But there are a few that went sour particularly ICD and AEY. Following the strategy of allocating less than 30% on this category for now.
Today's market also seem to indicate sell-offs in strong stocks late in the day. I plan to reduce exposure to some high fliers (NVAX, VIR, LVGO and alike) to preserve cash. July could get messy for some of these stocks.
Paramjeet
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