Thursday, July 9, 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3152.05, low 3115.70, high 3179.78

RSI @ 56.48

CMF @ -0.017

Internals were :

Down volume led by 3.24 to 1 in NYSE & 1.04 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 2.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 161 in NYSE & 148 in Nasdaq

VIX UP 4.20% @ 29.26

Oil @ $39.62

Gold @ $1803.80

Canadian $ @ .6419

Portfolio AAL APA CCL MGM SU

Stocks which were UP 25 or more included NIO DOCU SHOP
ROKU ERI MTCH CRWD JD AMD HUYA SPWR NVDA
TSM TSLA AMZN FEYE FFIV PANW.....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed mixed with Nasdaq being the only winner, Internals were mostly negative. There is another negative for market now, Joe Biden utterance today did not help, instead of capitalizing on unpopularity of current administration, he was busy alienating investors, not a winning strategy.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...

Hi Stocktrader,

Added 20% MGM @ $16.00

Saleem

psrajpal said...

Hi Saleem,

Good Luck with more MGM.

I was busy with my work this week. Did not get time to update and check blog comments.

Thanks

Paramjeet

Stocks100 said...

Hi Paramjeet,

Nice to see your message.

Good to see back in action.

Good luck!

Saleem

stocktrader_1996 said...

Hi guys,

Saleem, good luck with more MGM!

Sold ADPT @ 45.73 on relative weakness

Bought SHYF @ 16.99 for a trade

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SHYF...

Saleem

psrajpal said...

Hi Stocktrader,

Nice find on SHYF. Amazon news and the PR will be the game changer. I am surprised why this is not trading above $20 today. Probably shorts want it to take lower to buy and hold for big move. I bought some too at 16.92 today.

Good luck with your holdings.

Happy Weekend everyone.

Paramjeet