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Stocks Stage A Nice Comeback After 1st Presidential Debate

Published 09/28/2016, 02:08 AM
Updated 07/09/2023, 06:31 AM
SPY
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AMZN
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KERX
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REN
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BABA
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MOMO
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LITE
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ACIA
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TWLO
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PI
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“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” – Jalaluddin Rumi

Stocks staged a nice comeback after the first presidential debate Monday evening.

I continue to see stocks acting great, as they should, in a bull market.

I bought some Impinj Inc (NASDAQ:PI) today at 34.85 with a 10% weighting and that is rounding out my holdings nicely as I don’t have a lot more I can buy.

I’ve still got long positions in Acacia Communications Inc (NASDAQ:ACIA), Amazon.com Inc (NASDAQ:AMZN), Alibaba Group Holdings Ltd (NYSE:BABA), Keryx Biopharmaceuticals Inc (NASDAQ:KERX), Lumentum Holdings Inc (NASDAQ:LITE), Momo Inc (NASDAQ:MOMO), Resolute Energy Corp (NYSE:REN) and Twilio Inc (NYSE:TWLO).

I’m focused on fast moving leading stocks and this list is pretty solid and there are a few more I am interested in and will get into later in tonight's letter.

SPY Daily Chart

Not bad stuff from SPDR S&P 500 (NYSE:SPY) who should be fine as long as we remain above 214.

I’m heavy into stocks and well into my margin now.

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