Monday, April 20, 2020

Indices closed down 1.03% to 2.44%.....

Indices closed down.

S&P 500 @ 2823.16, low 2820.43, high 2868.98

RSI @ 54.65

CMF @ 0.182

Internals were :

Down volume led by 3.53 to 1 in NYSE & .87 to 1 in Nasdaq

Declining stocks led by 3.04 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk lows were leading by 7 in NYSE & highs by 118 in Nasdaq

VIX UP 14.89% @ 43.83

Oil @ Negative 37.63

Gold @ $1711.30

Canadian $ @ .5929

In my portfolio :

Added 70% APA @ $8.48
Added 2 sets of 100%+ MGM @ $14.20 & $13.48
Sold CNX @ $12.45

Portfolio AAL APA CIEN DDOG MGM MU SU TWTR

Stocks which closed green included CIEN DDOG TWTR CNX
ROKU SHOP LYFT BYND BABA NFLX CLVS OSTK AMZN

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE closed @ low of the day, Oil took a rare beating and went into deep negative first time in history of trading. Demand destruction is taking a heavy toll on oil & gasoline as most people are staying home worldwide. Singapore is experiencing second wave of COVID-19 which is quite alarming. Vaccine is badly needed then only we will be back to normal.

BLOG does NOT give buy or sell.

Saleem

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