Monday, July 13, 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3155.22, low 3149.43, high 3235.32

RSI @ 55.77

CMF @ 0.045

Internals were :

Down volume led by 1.83 to 1 in NYSE & 1.67 to 1 in Nasdaq

Declining stocks led by 1.57 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 216 in NYSE & 187 in Nasdaq

VIX UP 17.96% @ 32.19

Oil @ $40.10

Gold @ $1814.10

Canadian $ @ .6428

In my portfolio added 20% AAL @ $11.58

Portfolio AAL APA CCL MGM SU

Stocks which closed green included MGM SU
CNQ NTAP TD PDD APHA NVAX KRA
MRNA RUN TSM WYNN LVS.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was celebrating new potential treatments for COVID-19, Nasdaq made a new all time high while S&P 500 went positive for the year, DOW was UP 500+++ points...but it did not last. California shutting down many businesses took the rug out of today's euphoria. It was a very good wake up call for new entrants that one can lose money in stock market, an important lesson to learn and then try to survive.

BLOG does NOT give buy or sell.

Saleem

7 comments:

stocktrader_1996 said...

Hi Paramjeet,

Good luck with your favorites again - I'll be picking at my long term themes today too. I also think this is a healthy correction - just wish I'd been a little better positioned before hand :)

Stocktrader

stocktrader_1996 said...

Hi guys,

Sold SHYF @ 15.49

Looking for a new pick. I did like LL, but it got an upgrade today and is flying already.

Stocktrader

stocktrader_1996 said...

Hi guys,

Bought HUBS @ 206.85

One of my long term holds, I thought this was a decent entry. I still have to find room for SQ again and I'll be complete I think.

Stocktrader

explorer said...

Hi Guys,

Bought MRNA @74.35

Thanks,
Explorer

stocktrader_1996 said...

Hey explorer,

Good luck with MRNA!

Stocktrader

explorer said...

Hi All,

I guess perfect entry for me in MRNA. It’s up 16%+ AH on news.

The news should give a boost to all indices tomorrow

Thanks
Explorer

Stocks100 said...


Hi Stocktrader & explorer,

Good luck with HUBS & MRNA....

Yes MRNA is flying$$$$$

Saleem