Tuesday, July 14, 2020

Indices closed UP .94% to 2.13%....NICE !!!!

Indices closed UP.

 S&P 500 @ 3197.52, high 3200.95, low 3127.66

 RSI @ 59.50

 CMF @ 0.043

 Internals were :

 UP volume led by 3.00 to 1 in NYSE & 2.32 to 1 in Nasdaq

 Advancing stocks led by 1.92 to 1 in NYSE & 1.63 to 1 in Nasdaq

 Net new 52 wk highs were leading by 54 in NYSE & 18 in Nasdaq

 VIX Down 8.29% @ 29.52

 Oil @ $40.29

 Gold @ $1813.40

 Canadian $ @ .6389

 Portfolio AAL APA CCL MGM SU

 Stocks which were UP 2% or more included APA SU
AMD SQ AUY NEM DOCU CNQ CNX TOL KBH 
ENPH NVAX SEDG KRA MRNA PHM RUN X
NVDA MCD AEM FSLR OXY SLB OSTK...

 AH Futures UP

 AH Asian Markets UP

 AH Oil UP 

 AH Gold Down

 About market, TAPE continued selling / margin calls after open, Nasdaq was down 200 points further deep into serious pullback. Banks earnings did not help & DAL warned of slower business near term. Then came renewed buying on optimism on treatment of COVID-19. Indices shot up and optimistic bears had to cover their shorts in a hurry. Indices closed @ high of the day. As the saying goes " never fight the Fed " some technicians are not getting this message.

 BLOG does NOT give buy or sell.

 Saleem
at

6 comments:

  1. psrajpalJuly 14, 2020 at 8:08 PM

    Hi Guys,

    Recently, I added few micro-caps/small-caps in my portfolio for trading.

    BOXL @ 0.93 --> Brokeout yesterday and now is at 1.94 (Benefiting from School closures this fall)
    SOLO @ 3.40 --> Electric Cars and automobile sector
    AEY @ 2.53 --> Provides Wireless Infrastructure Services and Network Communications Equipment to a 5G World.
    ICD @ 3.02 - it finally brokeout --> Oil sector
    ALDX @ 4.83 --> Biotech with focus on immune-mediated diseases

    Still holding few traditional ones including NVAX VIR OTRK DKNG GAN HEPA OVID SHYF and KRA

    Sold LVGO @ 105 AH today
    Sold PS @ 17.71

    Thanks

    Paramjeet

    ReplyDelete
  2. stocktrader_1996July 15, 2020 at 6:16 AM

    Hi Parmajeet,

    Good luck with the speculation! This market is good for those small tries on big gains :)

    Stocktrader

    ReplyDelete
  3. stocktrader_1996July 15, 2020 at 6:33 AM

    Hi guys,

    Sold AVYA @ 11.85 on relative weakness

    Stocktrader

    ReplyDelete
  4. stocktrader_1996July 15, 2020 at 8:49 AM

    Hi guys,

    Bought LL @ 17.20 for a trade

    Good relative strength intraday here after early selloff and breakout yesterday.

    Stocktrader

    ReplyDelete
  5. Stocks100July 15, 2020 at 10:26 AM


    Hi Stocktrader,

    Good luck with LL

    Saleem

    ReplyDelete
  6. psrajpalJuly 15, 2020 at 3:59 PM

    Hi Guys,

    Sold SHYF @ 16.21
    Sold OVID @ 7.19
    Sold 60% NVAX @ 109


    Bought 30% more GAN AF @ 23.54. NJ Gaming winnings up by 117% is a great news for GAN

    Bought ALT @ 23.50

    BOXL and Samsumg are partnering on online Education/Schooling services. Boxlight (BOXL) went up by 71% (at the time of this message).

    Stocktrader, Good Luck with LL. I see it is already at $18 now.

    Thanks

    Paramjeet





    ReplyDelete