Indices closed mixed.
S&P 500 @ 3115.86, high 3128.47, low 3101.17
RSI @ 55.18
CMF @ 0.021
Internals were :
UP volume led by .72 to 1 in NYSE & 1.27 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & .85 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 97 in Nasdaq
VIX Down 5.95% @ 28.62
Oil @ $39.92
Gold @ $1779.90
Canadian $ @ .6382
In my portfolio ....Bought GOOS @ $23.34
Portfolio AAL APA GOOS CCL MGM SU
Stocks which closed green included DOCU DKNG GAN
PLAN SHOP ROKU ERI ZM CRWD ESTC DDOG
ENPH PINS UPS TWTR JKS HUYA BYND SQ
TWLO FB TSLA AMZN SPLK NFLX OSTK....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE started with positive and strong open then faded to a mixed close. Nasdaq made another all time high. Today was very confusing with economy sensitive stocks taking off sharply then faded into red close. @ home stocks opened weak but closed strong. It is all about Jobs report @ 830 AM it is expected to be robust thus a good gift of 4th of July.
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Paramjeet,
We were just talking about them:
Lumentum price target raised to $107 from $96 at MKM Partners
MKM Partners analyst Michael Genovese raised the firm's price target on Lumentum to $107 from $96 and keeps a Buy rating on the shares. The analyst is citing the demand strength in Optical Comms, with his checks suggesting strong orders. Genovese adds that the drivers of Lumentum's Datacom product strength include a 400G Datacom market inflection, which looks sustainable, as well as the 5G front-haul and back-haul in China.
Stocktrader
Thank you Stocktrader. Stock has certainly a lot of buffer to run.
Hi guys,
Sold CGC @ 16.67
Trimmed DDOG @ 90.90
I couldn't take the CGC trade anymore as it was my only stock under the 200DMA (and often the 50DMA). I trimmed DDOG due to valuation and it being my largest position.
Today's upgrades of LITE and AKAM tell me that I should trust my ideas even if they've gone asleep for a while, so:
Bought PLAN @ 47.91
It has lagged the sector based on some sales execution issues earlier in the year, but I think once it gets back to 30%+ growth, the stock could re-rate higher.
Stocktrader
Stocktrader
Hi Stocktrader & Paramjeet,
Added 35% AAL @ $13.20
Saleem
Hi Stocktrader,
Good luck with PLAN.....
Saleem
Hi Saleem,
Good luck with more AAL!
Stocktrader
Hi Saleem & Stocktrader,
Good luck with AAL and PLAN
Bought LITE @ 82.77
Re-entered OPK @ 3.65 (Amazing strength)
Paramjeet
Hi Paramjeet,
Good luck with LITE & OPK....
Saleem
Hi Guys,
Sold LVGO @74
Sold BHVN @71.49
Sold ICD @3.48
Added more APTX earlier today @4.68
Paramjeet
Hi Paramjeet,
Good luck to us with LITE - it's not acting so great today considering the upgrade!
I haven't followed OPK closely, but definite strength recently.
Stocktrader
Hi Paramjeet,
Good luck with more APTX and cash after sells!
Stocktrader
Hi Stocktrader,
PSNL is showing great strength - Breakout in the cards. Thought of getting in but backed out. I do recall your statement that a probable secondary is in the making.
LITE is behaving wierdly.
Congratulations on AKAM
Thanks
Paramjeet
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