Friday, July 31, 2020

Indices closed UP .44% to 1.49%...NICE!!!!

Indices closed UP in a wild session, UP open Down whole day and then closed @ high of the day. Internals were all negative to my surprise. All this despite AAPL FB & AMZN had outstanding earnings plus PINS.

S&P 500 @ 3271.12, high 3272.17, low 3220.26

RSI @ 61.03

CMF @ 0.318

Internals were :

Down volume led by 1.75 to 1 in NYSE & 1.01 to 1 in Nasdaq

Declining stocks led by 1.40 to 1 in NYSE & 1.94 to 1 in Nasdaq

Net new 52 wk highs were leading by 124 in NYSE & Nasdaq

VIX Down 1.21% @ 24.46

Oil @ $40.27

Gold @ $1985.90

Canadian $ @ .6611

In my portfolio Sold QRVO @ $126.96

Stocks which closed green included NXPI SQ NEM
DOCU ZI CNX KL ROKU CIEN CRWD AG UPS
PINS LITE AAPL NKE MRVL WB BYND BZUN
TWLO FB AEM AMZN CRUS OLED PANW
YY IQ MSFT SWKS CMG.....

Here is portfolio weighting @ 70% exposure :

MGM       36.14%

AAL         26.66%

SU           22.69%

CCL        14.01%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

No comments: