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:
Hi guys,
Sold RUN @ 52.75 to take profits
Bought GM @ 32.20 on chart breakout and positive news
Stocktrader
Hi Stocktrader,
Triple jackpot in RUN$$$$
Good luck with GM.
Saleem
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