Monday, March 9, 2020

Indices closed down 7.29% to 7.79%.....

Indices closed down.

S&P 500 @ 2746.56, low 2734.43, high 2863.89

RSI @ 27.13

CMF @ 0.008

Internals were :

Down volume led by 25.03 to 1 in NYSE & 7.79 to 1 in Nasdaq

Declining stocks led by 18.03 to 1 in NYSE & 19.12 in Nasdaq

Net new 52 wk lows were leading by 2141 in NYSE & 1346 in Nasdaq

VIX UP 29.85% @ 54.46...high today 62.12

Oil @ $31.13

Gold @ $1670.40

Canadian $ @ .6445

In my portfolio ...Added 100% SQ @ $66.00

Portfolio HUYA IQ LSCC LK SQ SPWR

Stock which closed green CNX...

AH news...CY UP 46.27%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE went into freefall when Saudi Arabia & Russia started a price war in oil, as they say rest is history, many sectors besides oil slumped badly. These things work out slowly as price readjust to a more sane level. Ironically this pullback took many players by surprise and were caught on the wrong side of trade. Hopefully sanity returns on a " turnaround Tuesday "....

BLOG does NOT give buy or sell.

Saleem

No comments: