Wednesday, August 12, 2020

Indices closed UP 1.05% to 2.18%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3380.35, 3387.89, low 3355.46

RSI @ 68.85

CMF @ 0.393

Internals were :

UP volume led by 1.23 to 1 in NYSE & 1.09 to 1 in Nasdaq

Advancing stocks led by 1.73 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 133 in NYSE & 87 in Nasdaq

VIX Down 7.28% @ 22.28

Oil @ $42.67

Gold @ $1949.00

Canadian $ @ .6744

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which were UP 2% or more included MSFT SU

NKLA QRVO NXPI AMD PENN DKNG CNX JD

ENPH PINS SEDG EAT ELF TER AAPL DHI

PHM KBH VICR JKS HUYA QCOM LULU

TSLA FSLR AMAT CSIQ YY AMZN SWKS 

X....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed near high of the day. Rotation keeps happening on a daily basis, today it was old favorite back in vogue. Market is ignoring no negotiations between Republicans & Democrats, I am sure they will be back in serious negotiations on Thursday to wrap everything before weekend. Market is expecting a deal around $2 trillion.

BLOG does NOT give buy or sell.

Saleem


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