Tuesday, March 3, 2020

Indices closed down 2.81% to 2.99%.....

Indices closed down.

S&P 500 @ 3003.37, low 2976.63, high 3136.72

RSI @ 32.36

CMF @ 0.057

Internals were :

Down volume led by 7.47 to 1 in NYSE & 3.28 to 1 in Nasdaq

Declining stocks led by 3.58 to 1 in NYSE & 3.35 to 1 in Nasdaq

Net new 52 wk highs were leading by 88 in NYSE & lows by 22 in Nasdaq

VIX UP 10.17% @ 36.82

Oil @ $47.18

Gold @ $1644.40

Canadian $ @ .6644

Portfolio HUYA IQ LSCC LK SQ SPWR

Stocks which closed green included   SPWR
RUN LYFT WB CIEN TSLA NEM AEM
UBER PHM KBH VICR CSIQ YY
CLVS .....

AH news...INO UP 20.13%, AMBA UP 7.64%

                  JWN Down 7.15%, HPE Down 5.8%

AH futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was down then UP on Fed .5% cut in interest rates then closed down near lows of the day. Fed move is being criticized by lesser paycheck commentators as it is popular to do so. I believe Fed move was the right move and it will show in stock market UP move going forward. Exposure needs to be near optimum around these bargain basement level in just about any stock.

BLOG does NOT give buy or sell.

Saleem

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