Friday, August 14, 2020

Indices closed mixed.....

 Indices closed mixed despite politicians skipped DC for their long vacation. Market knows that there is around $2 trillion stimulus coming one way or other.Indices were close to flatline a strong signal all is well on Wall & Broad.

S&P 500 @ 3372.85, low 3361.64, high 3378.51

RSI @ 67.27

CMF @ 0.362

Internals were :

UP volume led by 1.22 to 1 in NYSE & 1.04 to 1 in Nasdaq

Declining stocks led by 1.06 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 52 in NYSE & 42 in Nasdaq

VIX Down .36% @ 22.05

Oil @ $42.01

Gold @ $1949.80

Canadian $ @ .6744

Stocks which were UP 1% APA CCL MGM TLRY

GAN CNX MTCH ESTC MRNA MESO NCLH

BA NVDA TSLA UAL AMAT SLB LNG X

M ULTA....

Here is my portfolio weighting :

MGM      30.17%

AAL        18.63%

SU          14.27%

CCL       11.15%

MSFT     9.22%

SQ         8.35%

APA      5.75%

TLRY   2.45%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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