Monday, August 17, 2020

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3381.99, high 3387.59, low 3379.22

RSI @ 68.29

CMF @ 0.319

Internals were :

UP Volume led by .82 to 1 in NYSE & 1.55 to 1 in Nasdaq

Advancing stocks led by 1.22 to 1 in NYSE & 1.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 152 in NYSE & 120 in Nasdaq

VIX Down 3.17% @ 21.35

Oil @ $42.89

Gold @ $1998.70

Canadian $ @ .6793

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which closed green included MSFT SQ

QRVO CLDR NXPI AMD PENN AUY NEM

DOCU DKNG ZI GAN TOL CRWD DDOG

KBH ENPH JD AG TER BIDU DHI PHM

RUN NVDA TSLA NIO WB MA AMZN

TSM CMG PANW....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE played rotation into mostly in stay home stocks plus huge rally in gold & silver. Market is behaving very well considering there is no stimulus talk going on. Almost giving a sense as IF everything is coming to almost business as usual. There is no euphoria in any any sector, uptrend is quite broad based.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi guys,

Rebought HUBS @ 283.95

I missed my chance for a better rebuy, but needed exposure back as we hit all time highs.

Stocktrader

stocktrader_1996 said...

Hi guys,

Bought HCAT @ 32.66 on 200 DMA bounce and positive analyst commentary.

Stocktrader

stocktrader_1996 said...

Hi Paramjeet,

KRYS is interesting here, especially if we are starting to see more future catalysts. It was a very hot stock when gene therapy companies were in focus, but has since cooled. It's not that expensive if some of its bigger drugs play out, but we may have some time before then. Biotech could be weighed down by drug costs talk from either party. I'd wait for a breakout above $50 probably to confirm the positive inflection.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with HCAT & HUBS.....

Saleem

psrajpal said...

Hi Stocktrader,

Thank you for your comments on KRYS. Good luck with new stock adds. I like HCAT and see it has hugh potential with changing healthcare segment and need for data analytics.

Paramjeet