Indices closed down.
S&P 500 @ 3050.33, low 3032.13, high 3115.01
RSI @ 49.34
CMF @ 0.078
Internals were :
Down volume led by 13.64 to 1 in NYSE & 17.52 to 1 in Nasdaq
Declining stocks led by 6.83 to 1 in NYSE & 4.53 to 1 in Nasdaq
Net new 52 wk highs were leading by 16 in NYSE & 39 in Nasdaq
VIX UP 7.87% @ 33.84
Oil @ $38.01
Gold @ $1775.10
Canadian $ @ .6395
Portfolio AAL APA CCL MGM SU
Stocks which closed green included ZI ZM GAN ENPH
PPD NVAX JKS CSIQ SINA OSTK MRNA......
AH Futures Down
AH Asian Markets Mixed
AH Oil UP
AH Gold Down
About market, TAPE was faced with Corona Virus flare up in Florida, Texas and few more state, this caused panic which forced many to book profit and reduce exposure. Today's selling was across every sector. Internals were most negative i have seen in a long time specially in down volume lead. Do not see that bullish trend has changed @ all contrary to a famous pundit whose chart has been downward sloping for months.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Unusually quite day today.
Sold HEPA @ 2.77
Bought 25% more OVID @ 7.21
Bought BLPH @ 12.50 --> Heavily shorted, Added to Russell 3000 & Covid play.
After ALT came up with a great news that Venrock Capital Partners now has 20.8% stake. This is a hugh mark of confidence. Stock up big AH. Holding since low 7s.
Hope everyone had a good day.
Paramjeet
Hi Paramjeet,
Good luck with OVID, BLPH....
Saleem
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