Monday, July 20, 2020

Indices closed UP .03% to 2.51%...NICE!!!!

Indices closed UP.

S&P 500 @ 3251.84, high 3258.61, low 3215.16

RSI @ 63.62

CMF @ 0.176

Internals were :

UP volume led by .71 to 1 in NYSE & 1.85 to 1 in Nasdaq

Advancing stocks led by .92 to 1 in NYSE & 1.11 to 1 in Nasdaq

Net new 52 wk highs were leading by 208 in NYSE & 163 in Nasdaq

VIX Down 4.75% @ 24.46

Oil @ $40.81

Gold @ $1817.40

Canadian $ .6465

Portfolio AAL APA CCL MGM SU

Stocks which were UP 2% or more included   APA
AMD SQ AUY ZI PLAN SHOP MTCH ZM TER
CRWD DDOG PINS TWTR MSFT AAPL JKS
SPWR LULU NVDA TWLO TSLA AMZN 
SPLK GOOG PANW SNAP RUN OSTK.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was strong in Nasdaq & S&P 500 and closed near high of the day, DOW struggled to stay green and internals reflected that which means weak in DOW stocks and OK in Nasdaq. Earnings are coming in better than expected on day 1 which reflected reduced expectations and better management of business, even IBM is beating numbers.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi guys,

Rebought RUN @ 38.03

Despite the insane RSI, I think the company went through a re-rating, and doesn't have risk of material downside from these levels (maybe 5%). It reamins potentially the very best way to play a democratic outcome in November.

Stocktrader

stocktrader_1996 said...

Hi guys,

Rebought SQ @ 126.83

I needed the exposure back here as the NASDAQ continues its breakout to new highs. I don't know if there's any stock left to sell in many of these names.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SQ RUN....

Saleem