Indices closed UP.
S&P 500 @ 3122.87, high 3130.94, low 3098.90
RSI @ 68.95
CMF @ 0.159
Internals were :
UP volume led by 5.62 to 1 in NYSE & 2.72 to 1 in Nasdaq
Advancing stocks led by 3.81 to 1 in NYSE & 2.27 to 1 in Nasdaq
Net new 52 wk highs were leading by 81 in NYSE & 114 in Nasdaq
VIX Down 4.40% @ 25.66
Oil @ $37.29
Gold @ $1704.80
Canadian $ @ .6507
In my portfolio :
Sold MGM @ $20.00
Sold SU @ $18.73
Bought in closing seconds CIEN @ $56.40
Before open CIEN reporting, here are the expectations :
Sales April Q $881.53 millions, EPS 49 cents
Guidance July Q $969.26, EPS 71 cents
Expecting a beat in Sales and EPS.....
Portfolio AAL APA CCL CIEN CNX CRWD
Stocks which were UP 3% or more AAL CRWD MGM SU
ZM NTAP LYFT KBH PINS CLDR SQ MU LITE BMO EAT KRA
TWTR TER NCLH DAL BIDU PHM NKE BA VICR JKS FSLR
MRVL WB BZUN UAL OLED QRVO SLB AMAT LNG LVS
WYNN M.....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was in overdrive from open until close, closing near high of the day. Economic activity is perking up in USA which is boosting confidence in equity investing, many had sold in panic due to COVID-19, now they are all backing up the truck, thus unbelievable recovery in recouping all losses. All this euphoria is making me extremely cautious and doing fast trading based on gains. When it seems too good, be warned!
BLOG does NOT give buy or sell.
Saleem
Hi Stocktrader & Paramjeet,
ReplyDeleteCouple of trades so far in pre market..
Sold AAL @ $12.75
Bought DAL @ $29.70
Saleem
Hi Saleem,
ReplyDeleteGood move to upgrade quality!
You are more brave than I investing in airline stocks haha :)
Stocktrader
ReplyDeleteHi Stocktrader,
IF you can believe it.....
I have made way more money in every trade.....trading in junk stocks since March lows....CCL AAL MGM DAL APA CNX SU TLRY...over and over....
Now for quality stocks....have no real luck.....lol
Saleem
Hi Saleem,
ReplyDeleteI have watched your trades in those - they have been amazing!
Stocktrader
Hi Saleem,
ReplyDeleteBought ENPH @ 53.32 on this dip
Stocktrader
ReplyDeleteHi stocktrader,
Good luck with ENPH.....
Saleem
Saleem,
ReplyDeleteYou are fearless. Casino/Oil/NGas/Airline/Cruises stocks in the mix says it all. Good luck with the trades in DAL and CIEN. Glad to see $$$ in the making.
Stocktrader, I too added ENPH at 52.95. The comparison on SEDG and ENPH with ENPH gaining market share was it for me to trigger a buy.
Added KRA back at 16.75
Sold HEPA at 2.01 to book profits and build cash pool
Sold ACOR at 0.75 to book profits and build cash pool
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteYes exactly on the ENPH/SEDG. I'll be looking to sell SEDG later today having missed my early chance.
Good luck with profit taking and new ideas!
Stocktrader
ReplyDeleteHi Paramjeet,
You forgot my ganja trades in TLRY.....loved it....may go back for more of good stuff!!!!
Saleem
Hi guys,
ReplyDeleteSold SEDG @ 148.61 to take profits and complete my swap
Stocktrader
Hi Stocktrader,
ReplyDeleteBought GH @84. The price felt right.
ELY could go much higher it seems. Will see if it backs down for a good entry.
Thanks
Paramjeet
Hi Paramjeet,
ReplyDeleteI am really surprised how constrained ELY has been. I feel like something's not quite right there, but I'm not sure what because I felt the conference call was pretty good.
I made a mistake dumping a lot of my consumer discretionary and chip exposure. I try to stay diversified but I hate seeing any position struggle for a while. Then suddenly investor appetite changes and you're stuck with the new laggards lol.
Stocktrader
Hi Paramjeet,
ReplyDeleteOh, and good luck with GH. It's actually a re-opening play in my opinion. I'd tried to shift a lot of my tech exposure to those with "re-opening" exposure like recent buys of SQ LYFT GH ADPT. I don't want to have a pure-play stay-at-home right now - it seems too dangerous.
Stocktrader
Hi Stocktrader & Paramjeet,
ReplyDeleteSold CRWD @ $92.75.....
Saleem
Hi stocktrader & Paramjeet,
ReplyDeleteBought MGM @ $21.25....
Saleem
Hi Saleem,
ReplyDeleteGood luck with re-deployment of funds. CRWD was a teaser!
Bought SAIL @ 22.54
I think the stock is supported by a good combination of growth and valuation, and has the added potential for a takeover.
Stocktrader
LK is on fire!!! Held from 2.33
ReplyDeleteHi Paramjeet,
ReplyDeleteUp 100% and still going!
Stocktrader
Good luck with MDM, Saleem. AAL and MDM are on fire too.
ReplyDeleteI am stuck with few laggards particularly BLPH (bought after 13$ secondary), CLVS (bought after 7$ secondary) and CATS. I do believe that these stocks will bounce back soon on the upside particulary CATS due to inherent value.
Sold VSTM @ 1.84
Bought ELY at 16.39
Added more GAN @ 20.17
LK is a life savor today. 5+ in the making.
Paramjeet
Hi Saleem/StockTrader/Param,
ReplyDeletePart of my earnings play Defoe today, bought DOCU & WORK 6/19 calls
Explorer
Hi Explorer,
ReplyDeleteEarnings are tough to predict in terms of market reaction, look @ CiEN beat by a mile but down on the day.
Saleem
Hi Paramjeet/Explorer,
ReplyDeleteGood luck with the new/added positions!
The market has a seemingly endless bid, even on days like today. You just have to be in the right sector for the day/week.
Stocktrader
My favorite NVAX got DOD contract AH. I had a hunch and was about to buy AH, but instead Added 20% ALT - bummer..
ReplyDeleteNVAX could rise 25% tomorrow and ALT could follow with 15%. BTW, I am not an astrologer but am trying.. :)
Paramjeet