Friday, August 7, 2020

Indices closed mixed.....

 Indices closed mixed despite no agreement on stimulus package. Jobs number beat expectations. Nasdaq took a well deserved rest.

S&P 500 @ 3351.28, high 3352.54, low 3328.72

RSI @ 68.90

CMF @ 0.390

Internals were :

UP volume led by 1.32 to 1 in NYSE & .98 to 1 in Nasdaq

Advancing stocks led by 1.43 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 135 in NYSE & 143 in Nasdaq

VIX Down 1.94% @ 22.21

Oil @ $41.22

Gold @ $2028.00

Canadian $ @ .6602

Stocks which closed green included CCL MGM

NKLA SNAP PENN DKNG CNQ CNX ROKU

HST NTAP ENPH SEDG JKS SPWR FSLR

EAT KRA UPS CSIQ OSTK X M......

Here is my portfolio weighting :

MGM         31.53%

AAL           21.83%

SU             16.26%

CCL          12.29%

MSFT       11.24%

APA           6.85%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem








2 comments:

psrajpal said...

Hi Saleem,

Last week Portfolio (10.12%)

Winners : HEPA ALT THMO OPK QGEN OTRK CLSK
Losers : BOXL ONEM DKNG SPAQ

Sold OTRK around 54. The stock had a monster move from 38+ to 60+. Closed at 57+
HEPA spiked to 6+ from low 3s. Did a profitable swing trade.

Bought WKHS @ 16.75 and CODX @ 25.70 as earning plays.

I am expecting stimulus money for schools announced next week which could potentially move some EDU stocks including BOXL.

Thanks

Paramjeet

Stocks100 said...


Hi Paramjeet & Stocktrader,

Last week UP 11.34%

YTD UP 39.54%

Saleem