Indices closed UP.
S&P 500 @ 3385.51, high 3390.80, low 3354.09
RSI @ 66.81
CMF @ 0.366
Internals were :
Down volume led by 1.91 to 1 in NYSE & .57 to 1 in Nasdaq
Declining stocks led by 1.54 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 61 in NYSE & 52 in Nasdaq
VIX UP .80% @ 22.72
Oil @ $42.58
Gold @ $1946.50
Canadian $ @ .6816
Portfolio AAL APA CCL MGM MSFT SQ SU TLRY
Stocks which were UP 2% or more included MSFT SQ
LYFT CLDR AMD PENN GOLD DOCU GAN SHOP
KL ZM CRWD ESTC UBER DDOG AG AAPL FB
BYND TWLO TSLA SPLK GOOG NFLX.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed UP despite internals were weak. Technology stocks led the move higher and many stocks participated in this rally, stay home & FANG were in vogue again. Friday should be a positive close and more all time highs in order.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi guys,
Bought GRWG @ 16.61
Stocktrader
Hi guys,
I guess the price decline was based on a short report that came out. It's pretty damning when it comes to the character scrutiny of the officers of the company, but did highlight very positive growth based on checks with managers and associates within the stores. I'm not sure how this plays out in the end, but without the blemishes would be a great story.
Stocktrader
Hi Stocktrader,
Good luck with CRWG...
Saleem
Hi Stocktrader,
Sold TLRY @ $6.70...
Saleem
Hi Saleem,
Good luck with new pick!
Stocktrader
Hi Stocktrader,
I read about GRWG and was amazed by the Quarterly numbers they came out last week.
Reported Q2 EPS of $0.06, up from $0.03 a year earlier (better than 0.05c estimate) and revenue of $43.5 million up from $19.5 million for the prior-year quarter ($36.6 million estimate). Company also increased 2020 guidance and 2021 guidance to $170-175mil (previous $135-$140 mil ) and $245-260Mil (Estimate $196.2) respectively.
These are amazing figures and shows great potential.
As you said, the hinderburg report praises the company performance but is raising red-flags on the management (past frauds, misconducts, illegal schemes etc).
I personally see it a great investment.
Good Luck with owning the stock. I might get in too after seeing the price action next week.
Have a good one all!!
Paramjeet
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