Tuesday, August 11, 2020

Indices closed down .38% to 1.69%.....

 Indices closed down.

S&P 500 @ 3333.69, low 3326.44, high 3381.01

RSI @ 64.00

CMF @ 0.386

Internals were :

Down volume led by 1.05 to 1 in NYSE & 2.05 to 1 in Nasdaq

Declining stocks led by 1.05 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 105 in Nasdaq

VIX UP 8.59% @ 24.03

Oil @ $41.61

Gold @ $1946.30

Canadian $ @ .6699

In my portfolio...Bought TLRY @ $7.08

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which closed green included CCL SU

PENN DKNG CNQ DAL ERI CRWD TD

LITE BMO EAT KRA NCLH QCOM 

MCD BABA EXPE SLB YELP MA

WYNN LVS MS V.....

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was UP on Putin vaccine news, DOW soared 350 points to give it all back and went into negative. All major indices closed lower. Gold slumped big time along with Silver losses were 5% to 15%, a major reversal. This TAPE is going through much anticipated transition from @ home to businesses opening UP. A proper weighting is prudent to focus on rotation. Futures are UP to reflect President Trump tweet of major order for Moderna vaccines.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi guys,

PSNL looks interesting on this secondary - I've been waiting for it! :)

Stocktrader

stocktrader_1996 said...

Hi guys,

Sold GH @ 80.85

Bought PSNL @ 18.79

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with PSNL....

Saleem