Tuesday, March 31, 2020

Indices closed down .95% to 1.84%.....

Indices closed down.

S&P 500 @ 2584.59, low 2571.15, high 2641.39

RSI @ 45.39

CMF @ 0.064

Internals were :

Down volume led by 1.45 to 1 in NYSE & 1.75 to 1 in Nasdaq

Declining stocks led by 1.25 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new 52 wk lows were leading by 43 in NYSE & 29 in Nasdaq

VIX Down 6.20% @ 53.54

Oil @ $20.48

Gold @ $1596.70

Canadian $ @ .5876

Portfolio AMD CIEN LK MU ROKU TWTR

Stocks which closed green included LK
JD SU VICR HUYA RUN MOMO WB
BYND BZUN TLRY BIDU FB TSLA
UBER UAL CRUS BABA CSIQ YY
GOOG NFLX LNG YELP DDOG
SINA OSTK CMG X.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE finished near low of the day as today was month end and quarter end. After close White House released their guess number of potential death from Corona Virus in USA to as high as 240,000, this is a very smart strategy to deal with fear, gossip and undue focus on how bad it is going to be, ironically we may rally on this news as more certainty is being dealt with than avoidance or fighting facts.

BLOG does NOT give buy or sell.

Saleem

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