Indices closed UP 8.12% to 11.37%....NICE !!!!

Indices closed UP.

S&P 500 @ 2447.33, high 2449.71, low 2344.44

RSI @ 39.24

CMF @ 0.041

Internals were :

UP volume led by 16.22 to 1 in NYSE & 7.05 to 1 in Nasdaq

Advancing stocks led by 8.55 to 1 in NYSE & 6.21 to 1 in Nasdaq

Net new 52 wk lows were leading by 150 in NYSE & 107 in Nasdaq

VIX UP .13% @ 61.67

Oil @ $24.01

Gold @ $1660.80

Canadian $ .5514

In my portfolio :

Bought SU @ $11.60
Bought PHM @ $21.14
Added 150% CIEN @ $36.60

AH Sold AMD @ $46.29
AH Sold JD @ $41.44
AH Bought MU @ $43.80

Portfolio CIEN TNA LK MU PHM XLE SU TWTR GDX

Stocks which were UP 11% or more included AMD CIEN LK
MU PHM SU JKS LYFT BYND NVDA MCD TSLA UBER
LRCX SHOP AMAT EXPE OLED QRVO SQ NTNX LNG
WYNN GS MA V MS ULTA SWKS NKE KBH ...

After close on Wednesday, MU is reporting, following are expected :

This Q Sales $4.69 Billion, EPS 37 cents

Guidance next Q Sales $4.88 Billion, EPS 53 cents

Expecting a beat in Sales & EPS......

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE went into a wild UP move which was the best UP move for DOW since 1933. Internals were mostly positive. VIX did not budge which may put pressure for Wednesday TAPE. Strategic buying & selling is highly recommended, buy the weakness and sell strength must be in focus.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed