Indices closed UP.
S&P 500 @ 3294.61, high 3302.73, low 3284.53
RSI @ 63.43
CMF @ 0.285
Internals were :
UP volume led by 1.57 to 1 in NYSE & 2.97 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 2.47 to 1 in Nasdaq
Net new 52 wk highs were leading by 203 in NYSE & 205 in Nasdaq
VIX Down .74% @ 24.28
Oil @ $41.01
Gold @ $1986.30
Canadian $ @ .6611
In my portfolio....in pre market
Bought MSFT @ $210.00
Added 20% CCL @ $13.37
Portfolio AAL CCL MGM MSFT SU
Stocks which were UP 2% or more included MSFT SU
APA DADA SQ PENN DOCU ZI CNX SHOP ROKU
CGC MTCH ZM CRWD UBER PINS AAPL DHI
JKS SPWR RUN ASML QCOM BYND NVDA
TWLO TSLA OSTK X.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
About market, TAPE was strong from pre market to close based on Tik Tok being allowed to be pursued by MSFT or any other company. Market internals were strong. Most earnings report is being rewarded with positive price action. Many stocks are making new all time highs on a daily basis which is extremely healthy. RSI still below overbought levels, so more room to run.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi guys,
Sold LOW @ 149.74 to take profits
I'm a little concerned with a housing/spending slowdown as we approach the election, and LOW has already been a huge beneficiary of the stay-at-home trade.
Bought CHGG @ 82.13
After another great earnings report, and the likelihood of higher education moving more online regardless of what happens with the virus, this has become an important long term holding.
Stocktrader
Hi Stocktrader,
Good luck with CHGG.
Saleem
Hi guys,
Sold AKAM @ 111.72 to take profits
Despite the good performance, it is lagging badly its younger peers, so I fear it doesn't have the capability to capitalize on the future as well.
Bought SAIL @ 31.45
After a good consolidation period, I think this stock could be ready to break out again. It should report a good quarter and guidance, and still remains a takeover candidate.
Stocktrader
Hi Stocktrader,
Good luck with SAIL...
Saleem
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