Tuesday, September 8, 2020

Indices closed down 2.25% to 4.11%.......

 Indices closed down.

S&P 500 @ 3331.84, low 3329.27, high 3379.97

RSI @ 42.64

CMF @ 0.167

Internals were :

Down volume led by 3.89 to 1 in NYSE & 2.29 to 1 in Nasdaq

Declining stocks led by 3.76 to 1 in NYSE & 2.24 to 1 in Nasdaq

Net new 52 wk highs were leading by 7 in NYSE & lows by 1 in Nasdaq

VIX UP 2.31% @ 31.46, high today 35.93

Oil @ $36.76

Gold @ $1943.20

Canadian $ @ .6802

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which closed green included AAL GOLD 

MRVL LYFT NKLA SNAP PENN NEM DKNG

GAN KL ROKU TOL DAL ERI CRWS UBER

DDOG NCLH NKE RUN MCD YELP MCD...

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE saw a total capitulation by retail and followers of scared gurus. There was opportunistic buying in most desirable stocks which recovered nicely and closed @ best level of the day. While indices closed near low thanks to ETF manipulation, many stocks were sporting green @ close. VIX gave a clear signal not all is bad. Expect a positive close on Wednesday once margin calls are cleaned up by 3 PM. RSI @ 42.64 in S&P 500 is a buy signal.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi guys,

Sold RUN @ 52.75 to take profits

Bought GM @ 32.20 on chart breakout and positive news

Stocktrader

Stocks100 said...

Hi Stocktrader,

Triple jackpot in RUN$$$$

Good luck with GM.

Saleem