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
6 comments:
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
Hi Parmajeet,
Good luck with the speculation! This market is good for those small tries on big gains :)
Stocktrader
Hi guys,
Sold AVYA @ 11.85 on relative weakness
Stocktrader
Hi guys,
Bought LL @ 17.20 for a trade
Good relative strength intraday here after early selloff and breakout yesterday.
Stocktrader
Hi Stocktrader,
Good luck with LL
Saleem
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
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