Indices closed mixed.
S&P 500 @ 3389.78, high 3395.06, low 3370.15
RSI @ 69.18
CMF @ 0.363
Internals were :
Down volume led by 1.86 to 1 in NYSE & .93 to 1 in Nasdaq
Declining stocks led by 1.41 to 1 in NYSE & 1.64 to 1 in Nasdaq
Net new 52 wk highs were leading by 164 in NYSE & 115 in Nasdaq
VIX UP .75% @ 21.51
Oil @ $42.89
Gold @ $2012.10
Canadian $ @ .6818
Portfolio AAL APA CCL MGM MSFT SQ SU TLRY
Stocks which closed green included MSFT
LYFT CLDR NIO DOCU DKNG GAN
SHOP KL ROKU TOL ZM CRWD
UBER KBH PINS EAT AAPL NKE
MOMO LULU BZUN TSLA JKS
AMZN SPLK YY ORCL CMG
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE continued its run for series of all time highs in Nasdaq while S&P 500 joined in making new all time closing high, it was exceeding all time highs on an intraday basis for @ least 3 days. Lot of technicians are predicting end of this bull run, my guess is that, we will keep rotating in more sectors now with back & forth with strong technology in the mix also.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Few stock updates for the day
Sold ALT @ 26.50
Bought WKHS @ 15.30
Bought LCA @ 13.11
Added more GAN on the dip at 23.23
Added RKT at 19.15
Thanks
Paramjeet
Hi Paramjeet,
Chardan sees valuation upside through 2022 for Krystal Biotech
Chardan analyst Gbola Amusa says Krystal Biotech should now trade as a "credible pivotal-stage" gene therapy company. The analyst sees valuation upside through 2021 and 2022 from the potential launch of B-VEC in dystrophic epidermolysis bullosa, B-VEC, B-VEC, human proof of concept data in cystic fibrosis with KB407 and a possible partnership for KB301. Amusa keeps a Buy rating on Krystal Biotech with a $115 price target and notes the stock is a "Chardan Top Pick" for 2020.
Stocktrader
Thank you Stocktrader. Lately, I see some bullish momentum forming up on KRYS.
Appreciate sharing the analyst note.
Paramjeet
Hi guys,
Sold PSNL @ 24.11 avg to take profits
The run has been too good to ignore.
Stocktrader
Hi guys,
Bought AGCO @ 72.77 to try and diversify a little
Stocktrader
Hi Paramjeet / Stocktrader
Good luck with new picks .
Nice sales for profit.
Saleem
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