Friday, March 20, 2020

Indices closed down 3.79% to 4.55%.....

Indices closed down near low of the day on Quad witching expiry. Vote on $trillion support is on Monday which added to negativity. Oil also collapsed again.

S&P 500 @ 2304.92, low 2295.56, high 2453.01

RSI @ 31.57

CMF @ -0.050

Internals were :

Down volume led by 1.73 to 1 in NYSE & 1.48 to 1 in Nasdaq

Declining stocks led by 1.26 to 1 in NYSE & 1.54 to 1 in Nasdaq

Net new 52 wk lows were leading by 503 in NYSE & 328 in Nasdaq

VIX Down 8.28% @ 66.04

Oil @ $22.53

Gold @ $1484.60

Canadian $ @ .5622

In my portfolio :

Bought TNA @ $14.00

Bought XLE @ $26.00

Bought GDX @ $22.60

Stocks which closed green included   JD XLE
JKS LYFT IQ HUYA SPWR ROKU MOMO
ASML BYND CLDR LULU TSM TWLO 
UBER SHOP UAL FEYE SPLK CGC 
CSIQ PANW SNAP NTNX LNG
WYNN LVS YELP ORCL SINA
SU ULTA CMG....

Here is my portfolio weighting :

AMD      29.44%

TWTR    19.29%

LK         15.56%

JD         11.67%

XLE       8.01%

CIEN     6.70%

GDX      6.37%

TNA      2.96%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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