Wednesday, July 8, 2020

Indices closed UP .68% to 1.44%...NCE!!!!

Indices closed UP.

S&P 500 @ 3169.94, high 3171.80, low 3136.53

RSI @ 50.56

CMF @ -0.057

Internals were :

UP volume led by 1.60 to 1 in NYSE & 2.53 to 1 in Nasdaq

Advancing stocks led by 1.48 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 122 in Nasdaq

VIX Down 4.59% @ 28.08

Oil @ $40.90

Gold @ $1820.60

Canadian $ @ .6455

Portfolio AAL APA CCL MGM SU

Stocks which were UP 2% or more included APA CCL
GOLD PLAN KL ROKU TOL ERI MTCH CRWD
ESTC DDOG KBH ENPH JD PINS CLDR SQ
SEDG ELF TWTR MSFT AAPL NCLH DHI
PHM JKS SPWR CSIQ FSLR RUN HUYA
MRVL MOMO BZUN NVDA PANW MS
SNAP NTNX BABA ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE recovered from flatline to close @ high of the day on rotation despite grim news on US infection tally. Market is dying to get some hopeful news on COVID-19 front despite lack of leadership in USA where it is still undermining infection controls. IF there is improving news on US infection, market will explode on the UP move.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi guys,

Bought AVYA @ 12.56

Earnings should be solid from these guys and I think their long-lasting boost from this virus situation is underappreciated. I'll take a chance and see how it goes here.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with AVYA.

Saleem