Friday 13 November 2020

Indices closed UP 1.02% to 1.37%....NICE !!!!

 Indices closed UP despite new 193,000 infection cases in USA. There is optimism about vaccine from PFE & MRNA which should be available in days. Indices closed near high of the day. Internals were mostly positive. Re-opening stocks were in heavy demand and moved up sharply.

S&P 500 @ 3585.15, high 3593.66, low 3552.57

RSI @ 63.57

CMF @ -0.100

Internals were :

UP volume led by 5.51 to 1 in NYSE & 2.29 to 1 in Nasdaq

Advancing stocks led by 4.76 to 1 in NYSE & 2.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 97 in Nasdaq

VIX Down 8.88% @ 23.10

Oil @ $40.13

Gold @ $1886.20

Canadian $ @ .6830

Stocks which were UP 4% or more included AAL APA CCL MGM

NKLA GAN CNX DAL HST NTAP PDD JD NVAX KRA NCLH

BA MOMO UAL EXPE OXY SLB AMAT YELP LMND WYNN

LVS ULTA X M.....

Here is my portfolio weighting :

MGM        36.76%

SU            22.25%

CCL         17.66%

AAL         17.56%

APA         5.77%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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Thursday 12 November 2020

WE PLAY THE MARKET BOTH WAY ....

SURESHOT FUTURE CALL
TATA STEEL
SOLD AT 471
BOOKED AT 467
& AGAIN
BOUGHT AT 472
MADE A HIGH OF 478

Indices closed down .65% to 1.08%.....

 Indices closed down.

S&P 500 @ 3537.01, low 3518.58, high 3569.02

RSI @ 59.88

CMF @ -0.159

Internals were :

Down volume led by 3.71 to 1 in NYSE & 1.42 to 1 in Nasdaq

Declining stocks led by 2.95 to 1in NYSE & 2.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 44 in NYSE & 83 in Nasdaq

VIX UP 8.10% @ 25.35

Oil @ $41.12

Gold @ $1873.30

Canadian $ @ .6889

In my portfolio Sold PFE @ $37.55

Portfolio AAL APA CCL MGM SU

Stocks which were UP 1% or more included SNAP PINS

AG NIO GAN DADA AUY DOCU ZI PLAN KL ZM

CRWD DDOG PDD JD KRA HUYA BZUN TWLO 

AEM MRNA OSTK ....

AH Futures Down

AH Asian Markets Down

AH Oil Down 

AH Gold UP

About market, TAPE was under selling pressure due to rising COVID-19 cases in USA topping 140,000 in a day so far. Nasdaq held green for most of the day but slumped to red in afternoon. Many stocks closed green but internals were negative for the most part. Until we get better news in Corona virus, market may be trading in a very narrow range.

BLOG does NOT give buy or sell.

Saleem

Wednesday 11 November 2020

SUPER PROFIT THURSDAY ....

SURESHOT FUTURE CALL
MGL
BOUGHT AT 875
MADE A HIGH OF 892

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3572.66, high 3581.16, low 3557.00

RSI @ 64.37

CMF @ -0.119

Internals were :

UP volume led by .63 to 1 in NYSE & 1.78 to 1 in Nasdaq

Advancing stocks led by 1.09 to 1 in NYSE & 1.30 to 1 in Nasdaq

Net new 52 wk highs were leading by 72 in NYSE & 86 in Nasdaq

VIX Down 5.44% @ 23.45

Oil @ $41.45

Gold @ $1861.60

Canadian $ @ .6990

In my portfolio :

Sold RUN @ $54.05

Added 25% CCL @ $16.20

Portfolio AAL APA CCL MGM PFE SU

Stocks which closed green included PINS MRVL NIO

AMD IPHI SPWR DKNG JKS CSIQ FSLR SEDG 

ENPH SQ NKLA NXPI DADA DOCU CNX

SHOP CRWD JD MRNA AAPL VICR CMG

LSCC QCOMLULU NVDA LRCX ROKU 

SWKS PANW....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE returned to stay home stocks in a big way while DOW took a well deserved rest. I have a feeling this pattern of Nasdaq coming back after gaps will continue. Stay diversified with heavier weighting in laggards like travel / casinos and less weighting in technology. Post election drama continues with false accusations as I expected nothing less from a " sore loser "

BLOG does NOT give buy or sell.

Saleem


Tuesday 10 November 2020

REDNIFTY 11.11.2020

 REDNIFTY


BUY NATIONALLUM RS 32 PE @ RS .50

 
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