Indices closed mixed.
S&P 500 @ 3246.22, low 3204.13, high 3250.92
RSI @ 58.35
CMF @ 0.227
Internals were :
Down volume led by 3.52 to 1 in NYSE & .86 to 1 in Nasdaq
Declining stocks led by 1.89 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new 52 wk highs were leading by 117 in NYSE & 103 in Nasdaq
VIX UP 2.74% @ 24.76
Oil @ $39.92
Gold @ $1942.30
Canadian $ @ .6556
Portfolio AAL CCL MGM QRVO SU
Stocks which were UP 2% or more included MGM QRVO APA
AMD DOCU DDOG LITE UPS QCOM XLNX AEM LRCX
CRUS YELP LVS OSTK SWKS.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed mixed but still managed to close near high of the day, Nasdaq was green till end. After hour AAPL AMZN & FB came out with stunning earnings despite COVID-19 worldwide economic conditions which probably worked in their favor. Friday should take indices further into bullish mode.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi guys,
One of my favorite indicators: https://www.aaii.com/sentimentsurvey?
"This week’s bullish sentiment reading ranks among the 40 lowest out of the more than 1,700 weekly readings recorded over the survey’s history."
Lots of money on the sidelines.
Stocktrader
Hi Stocktrader,
Sold QRVO @ $126.96
Saleem
Hi Saleem,
Nice quick profitable trade on QRVO!
Stocktrader
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