Wednesday, September 9, 2020

Indices closed UP 1.60% to 2.71%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3398.96, high 3424.77, low 3366.84

RSI @ 50.24

CMF @ 0.221

Internals were :

UP volume led by 2.65 to 1 in NYSE & 3.19 to 1 in Nasdaq

Advancing stocks led by 2.96 to 1 in NYSE & 2.24 to 1 in Nasdaq

Net new 52 wk highs were leading by 30 in NYSE & 26 in Nasdaq

VIX Down 8.42% @ 28.81

Oil @ $38.05

Gold @ $1954.90

Canadian $ @ .6832

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which were UP 4% or more included GOLD AG RXT

MRVL MSFT QRVO CLDR SNAP AMD PENN NIO NEM

DKNG KL ZM KBH PINS NVAX RUN TSLA AEM YY 

SPWR OSTK SWKS KBH ....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE proved most gurus wrong by opening higher and never looking back despite no agreement on 2nd stimulus for US economy & setback with Vaccine trial. Surprisingly after close every guru became bullish. Market character has changed for the short term, lot of unknown facing stock market, many places are experiencing 2nd wave of COVID-19 infection, US still struggling with first wave, election drama will take center stage just to name a few. Tread carefully every time we have a rally and be opportunistic, when we have selling.

BLOG does NOT give buy or sell.

Saleem

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10 comments:

  1. stocktrader_1996September 10, 2020 at 6:42 AM

    Hi Saleem,

    Sold AVLR @ 124.94 to raise cash for new positions

    Stocktrader

    ReplyDelete
  2. Stocks100September 10, 2020 at 6:48 AM

    Hi Stocktrader,

    Good luck with new pick.

    Added 50% APA @ $12.90

    Saleem

    ReplyDelete
  3. stocktrader_1996September 10, 2020 at 6:52 AM

    Hi Saleem,

    Bought UBER @ 35.73

    Stocktrader

    ReplyDelete
  4. stocktrader_1996September 10, 2020 at 6:52 AM

    Hi Saleem,

    Good luck with more APA!

    Stocktrader

    ReplyDelete
  5. Stocks100September 10, 2020 at 6:59 AM


    Hi Stocktrader,

    Good luck with UBER.

    Saleem

    ReplyDelete
  6. stocktrader_1996September 10, 2020 at 7:03 AM

    Hi Saleem,

    Sold EXAS @ 75.78 to raise cash amid persistently poor price action in the face of good news

    Stocktrader

    ReplyDelete
  7. stocktrader_1996September 10, 2020 at 11:29 AM

    Hi Saleem,

    Added some to my smaller positions:

    Added MTCH @ 104.95
    Added ACMR @ 59.52
    Added ELF @ 18.75
    Added BHVN @ 63.20

    Stocktrader

    ReplyDelete
  8. stocktrader_1996September 10, 2020 at 12:05 PM

    Hi Saleem,

    https://www.aaii.com/sentimentsurvey

    Very few bulls again - bullish :)

    Stocktrader

    ReplyDelete
  9. Stocks100September 10, 2020 at 12:42 PM

    Hi Stocktrader,

    Sold GOLD @ $30.18

    Saleem

    ReplyDelete
  10. Stocks100September 10, 2020 at 12:43 PM


    Hi Stocktrader,

    Yes sentiment is bearish which is very good.

    Good luck with your add on$$$$$$

    Saleem

    ReplyDelete