Monday, August 31, 2020

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3500.31, low 3493.25, high 3514.77

RSI @ 76.93

CMF @ 0.404

Internals were :

Down volume led by 3.14 to 1 in NYSE & .92 to 1 in Nasdaq

Declining stocks led by 2.01 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk highs were leading by 163 in NYSE & 123 in Nasdaq

VIX UP 15.03% @ 26.41

Oil @ $42.61

Gold @ $1978.60

Canadian $ @ .6962

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which closed green included GOLD AG RXT

INTC MRVL SQ PANW CLDR SNAP AMD NIO 

DOCU ZI CIEN ZM CRWD ENPH APHA PINS 

NVAX AAPL RUN BYND NVDA TWLO

TSLA AMZN NFLX NTNX.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE saw its own version of pullback today which @ worst it was a mixed close with Nasdaq sharply higher and @ new all time high. That is the nature of this market, all definitions are muddled up including pullbacks. VIX gave its own version of being UP 15% with no damage to Nasdaq. Tonight Chinese manufacturing activity is @ best level in last 10 years, expect all commodities to catch serious bid.

BLOG does NOT give buy or sell.

Saleem

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