Indices closed UP.
S&P 500 @ 3066.59, high 3079.76, low 2965.66
RSI @ 53.69
CMF @ 0.156
Internals were :
UP volume led by 1.99 to 1 in NYSE & 2.37 to 1 in Nasdaq
Advancing stocks led by 1.98 to 1 in NYSE & 2.69 to 1 in Nasdaq
Net new 52 wk highs were leading by 33 in NYSE & 51 in Nasdaq
VIX down 4.68% @ 34.40
Oil @ $37.12
Gold @ $1727.20
Canadian $ @ .6378
In my portfolio ...Added 50% AAL @ $16.60
Portfolio AAL CGC CIEN CNX MGM SU
Stocks which were UP 1% or more included CGC CIEN MGM
GOOS SHOP GOLD KL TOL APA ERI DKNG GAN ZM
CRWD ESTC ENPH PDD JD NVAX CLDR SQ SEDG
EAT KRI UPS AMD TWTR TER DHI PHM VICR
IQ HUYA WB BYND LULU NIO NVDA TWLO
TSLA AEM NEM LRCX FEYE YY CLVS MS
SNAP ORCL OSTK CMG X PANW....
AH Futures UP
AH Asian Markets UP
AH Oil Down
AH Gold UP
About market, TAPE was under serious selling pressure with futures down about 1000 DOW points, after open went down almost 800 points and we found support, then came Fed support with new purchase. In case you are wondering what happened to pullback, there was a fast pullback in 5 trading days of 267.47 S&P 500 points or down 8.27%. Some of most determined bears are literally throwing in their towel, they should have read Dr Marty Zweig famous book which highlights " never fight the Fed "...expect a 4 digit rally on Tuesday!
BLOG does NOT give buy or sell.
Saleem
18 comments:
Hi Saleem,
Sold QLYS @ 103.61
Sold AVYA @ 13.00
These are non-core positions that weren't performing well.
Stocktrader
Hi Stocktrader,
Good luck with new picks!
Saleem
Hi Stocktrader,
Bought CCL @ $21.00
Saleem
Hi Saleem,
Bought LITE @ 77.62
Stocktrader
Hi Stocktrader,
Good luck with LITE.
Saleem
Hi Saleem,
Good luck with CCL!
Everything flying today :)
Stocktrader
Hi Stocktrader,
YES....its called SPACEX Rocket ship in "full thrust "
Saleem
Hi Saleem,
Bought RUN @ 20.00
Low long term interest rates should provide a tailwind in addition to the solar push with or without congressional mandating.
Stocktrader
Hi Stocktrader,
Good luck with RUN....
Saleem
Hi Stocktrader,
Sold CGC @ $17.70
Saleem
Hi Guys,
Sold HCAT at 29.27 (Did not like the price movement and momentum has dried up)
Sold TLRY at 8.49
Sold AVYA at 12.97
Sold 30% KRA at 17.72 and bought back at 17.10
Bought XELB at 1.11 (the one speculative stock in the mix)
Stocktrader and Saleem - Good luck with your adds !!
Paramjeet
Hi guys,
Nice sells and buys - does this seem too easy??
I think I'm keeping CGC for a while longer to see if the "democratic win" plays get more traction.
Stocktrader
Hi guys,
Sold PLAN @ 46.46
Even though this is one of my best longer term ideas, it is definitely underperforming its peers currently and so I can probably wait for it.
I'm looking to buy ELY to get some discretionary exposure as golf sales comps appear quite high based on reports.
Stocktrader
Hi guys,
Bought ELY @ 16.50
Stocktrader
Hi Stocktrader,
Good luck with ELY.....
Close is very important today imho
Saleem
Hi guys,
Oh, credit to Paramjeet for pointing out the underperformance in PLAN. I honestly wasn't even looking at it because I considered it a long term hold. But, money is moving so quickly in this market that being in laggards is very costly.
Stocktrader
Hi Guys,
GAN reported After Hours net income of $0.0055 per share in Q1, down from $0.0239 per share a year earlier, as revenue fell to $7.7 million from $9.6 million over the same period.
Sold GAN @ 20.66 (made a small profit). Will see how this runs tomorrow.
Sold TER @ 76.86
Thanks
Paramjeet
Hi guys,
Well...there's my DKNG secondary. Time to find room for it.
Stocktrader
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