Friday, April 3, 2020

Indices closed down 1.51% to 1.69%....

Indices closed lower despite higher oil prices. Bears were having a field day with their wild predictions. Monday, they may not be happy which I expect to be a strong day due to oil production cutback progress.

S&P 500 @ 2488.65, low 2459.95, high 2538.18

RSI @ 42.92

CMF @ 0.025

Internals were :

Down volume led by 1.80 to 1 in NYSE & 2.16 to 1 in Nasdaq

Declining stocks led by 3.56 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new 52 wk lows were leading by 218 in NYSE & 189 in Nasdaq

VIX Down 8.07% @ 46.80

Oil @ $28.34

Gold @ $1645.70

Canadian $ @ .5860

In my portfolio :

Added 40% TWTR @ $23.89

Bought JD @ $40.00

Portfolio AMD CIEN JD MU ROKU SU TWTR

Stocks which closed green included MU TWTR
BA BYND TSLA AEM SHOP MTCH EXPE
FFIV YY DDOG SINA OSTK M CNX....

Here is my portfolio weighting :

AMD         21.16%

TWTR       17.21%

ROKU      16.87%

MU          15.36%

CIEN       13.36% 

SU             9.43%

JD             6.61%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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