Friday, June 12, 2020

Indices closed UP 1.0% to 1.90%...NICE !!!!

Indices closed UP despite deep skepticism by those who have been bearish since March bottom and looking for lower lows or @ best test of the bottom, nice to see that their faith in being bear was restored for few hours yesterday.

S&P 500 @ 3041.31, high 3088.42, low 2984.47

RSI @ 51.72

CMF @ 0.166

Internals were :

UP volume led by 6.71 to 1 in NYSE & 3.26 to 1 in Nasdaq

Advancing stocks led by 3.17 to 1 in NYSE & 2.97 to 1 in Nasdaq

Net new 52 wk highs were leading by 8 in NYSE & 16 in Nasdaq

VIX Down 11.52% @ 36.09

Oil @ $36.26

Gold @ $1737.30

Canadian $ @ .6408

In my portfolio :

Bought AAL @ $17.00, added 50% @ $16.25

Sold ROKU @ $106.50

Stocks which were higher 3% or more AAL CGC MGM SU
CCL TOL APA DAL ERI ESTC KBH BIDU BA UAL MA
NTNX IBM JKS X M ......

Here is my portfolio weighting :

MGM          31.55%

CIEN         21.71%

SU            18.85%

CNX         10.77%

AAL         10.33%

CGC        6.79%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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