Indices closed down.
S&P 500 @ 3339.19, low 3329.25, high 3425.56
RSI @ 44.58
CMF @ 0.149
Internals were :
Down volume led by 4.73 to 1 in NYSE & 1.82 to 1 in Nasdaq
Declining stocks led by 2.12 to 1 in NYSE & 1.97 to 1 in Nasdaq
Net new 52 wk highs were leading by 38 in NYSE & 33 in Nasdaq
VIX UP 3.12% @ 29.71
Oil @ $37.30
Gold @ $1964.30
Canadian $ @ .6833
In my portfolio :
Added 50% APA @ $12.90
Sold GOLD @ $30.18
Portfolio AAL APA CCL AG FCX MGM MU RXT SU
Stocks which closed green included CCL
PENN DKNG LVS WYNN ERI GAN
CRWD UBER NVAX EAT KRA IQ
MRNA RUN BYND MCD TSLA
UAL CRUS OSTK....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE wanted to move UP but total disagreement on stimulus package pushed the market down and closed @ low of the day. Internals were weak but hardly anything to be scared of. Talking of scared, our pundit of century is flip flopping daily with a straight face. Market will remain difficult until Q 1 when there will be clarity about COVID-19 and US election. Economy also needs time to recover from total shutdown to gradual normalcy. It is not the month of September to be scared off, it should be more than fine. Market will buy time to reflect challenges in economy and COVID-19 vaccine.
BLOG does NOT give buy or sell.
Saleem
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