Thursday, October 22, 2020

Indices closed UP .19% to .54%...NICE!!!!

 Indices closed UP.

S&P 500 @ 3453.49, high 3460.53, low 3415.34

RSI @ 54.38

CMF @ 0.025

Internals were :

UP volume led by 3.74 to 1 in NYSE & 2.12 to 1 in Nasdaq

Advancing stocks led by 1.90 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new 52 wk highs were leading by 27 in NYSE & 26 in Nasdaq

VIX Down 1.88% @ 28.11

Oil @ $ 40.64

Gold @ $1904.60

Canadian $ @ .6865

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which were UP 3% or more included

AAL APA CCL MGM SU

FCX DKNG GAN LYFT SNAP CNX CGC

DAL UBER CVX MRNA NCLH BA SPLK

EXPE OLED OXY WYNN LVS OSTK X M...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under selling pressure from open despite better jobless claims. Indices tested support around 50 DMA area and reversed and closed near high of the day, technically V reversal. Internals were all positive. Energy stocks were leading performer along with travel, gaming stocks. It was a day when most sectors participated with rotation in major focus.

BLOG does NOT give buy or sell.

Saleem

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11 comments:

  1. stocktrader_1996October 23, 2020 at 6:46 AM

    Hi Saleem,

    Sold VICR @ ~86.30 to take profits and high valuation

    Stocktrader

    ReplyDelete
  2. stocktrader_1996October 23, 2020 at 6:48 AM

    Hi Saleem,

    Bought QRVO @ 135.31

    A change in chip exposure to better valuation and more upcoming catalysts.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996October 23, 2020 at 6:57 AM

    Hi Saleem,

    Bought GRWG @ 19.81 on good chart and expectations of democratic win

    Stocktrader

    ReplyDelete
  4. stocktrader_1996October 23, 2020 at 7:04 AM

    Hi Saleem,

    Added to AGCO @ 83.02
    Added to PSNL @ 25.72

    Stocktrader

    ReplyDelete
  5. Stocks100October 23, 2020 at 8:21 AM


    Hi Stocktrader,

    Nice profit in VICR$$$$

    Good luck with QRVO GRWG & more of AGCO & PSNL...

    Saleem

    ReplyDelete
  6. stocktrader_1996October 23, 2020 at 11:10 AM

    Hi Saleem,

    Sold MTCH @ 118.68 to take profits

    Stocktrader

    ReplyDelete
  7. stocktrader_1996October 23, 2020 at 11:21 AM

    Hi Saleem,

    Bought LYFT @ 25.93

    Low valuation, an anticipated positive ballot result in CA, and heavy call option activity could set this up for a bigger run.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996October 23, 2020 at 11:55 AM

    Hi Saleem,

    Sold SQ @ 175.48 on underperformance and a toppy chart.

    I think competition and valuation has caught up to them somewhat finally.

    Stocktrader

    ReplyDelete
  9. Stocks100October 23, 2020 at 12:09 PM

    Hi Stocktrader,

    Good luck with LYFT.

    Saleem

    ReplyDelete
  10. Stocks100October 23, 2020 at 12:52 PM


    Hi Stocktrader,

    Added 60% RUN @ $56.00

    Saleem

    ReplyDelete
  11. stocktrader_1996October 23, 2020 at 2:24 PM

    Hi Saleem,

    Good luck with more RUN! I am tempted myself to re-enter.

    Stocktrader

    ReplyDelete