Thursday, August 6, 2020

Indices closed UP .64% to 1.00%....NICE !!!!

Indices closed UP.

S&P 500 @ 3349.16, high 3351.03, low 3318.14

RSI @ 68.70

CMF @ 0.393

Internals were :

UP volume led by .78 to 1 in NYSE & 1.31 to 1 in Nasdaq

Advancing stocks led by 1.06 to 1 in NYSE & .87 to 1 in Nasdaq

Net new 52 wk highs were leading by 212 in NYSE & 204 in Nasdaq

VIX Down 1.48% @ 22.65

Portfolio AAL APA CCL MGM MSFT SU

Oil @ $41.95

Gold @ $2069.40

Canadian $ @ .6708

Stocks which were UP 3% or more included AAL MGM 
SQ LYFT NKLA PENN DKNG UBER AAPL NCLH
HUYA FB WYNN LVS.....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE closed near high of the day after hesitation and negative action @ open. Nasdaq closed @ new all time highs 32 times to be exact and above 11K for the very first time @ close. CMF is @ highest point in a long long time, sign that money is flowing in equities. Internals were mixed. It is all about Jobs report which may surprise on the positive side by a wide margin which means, rally may catch more steam on Friday.

BLOG does NOT give buy or sell.

Saleem

7 comments:

stocktrader_1996 said...

Hi guys,

These tech stocks' secondaries might be the best opportunity to grab them before another move higher. AVLR yesterday, TWLO today. Both of these have economic activity exposure which is an attractive aspect in my opinion also.

Stocktrader

stocktrader_1996 said...

Hi guys,

Sold DDOG @ 82.33

Bought TWLO @ 248.61

I think DDOG's quarter was enough deceleration to keep it on pause for a while.

Stocktrader

stocktrader_1996 said...

Hi guys,

Sold SAIL @ 37.66 to take profits

Stocktrader

Stocks100 said...

Hi Stocktrader,
Good luck with TWLO

Many good suggestion from you to take advantage of Secondaries.

Nice profit in SAIL.

Saleem

stocktrader_1996 said...

Hi guys,

Added a little ELF @ 19.87 after great earnings and guidance.

It looks to be setting up for another leg higher as they continue to gain market share in the space.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with more ELF.

Saleem

psrajpal said...

Hi Stocktrader,

Good luck with new adds. Excellent swing in SAIL

Paramjeet