Thursday, September 3, 2020

Indices closed down 2.78% to 4.96%.....

Indices closed down.

S&P 500 @ 3455.06, low 3427.41, high 3564.85

RSI @ 57.34

CMF @ 0.312

Internals were :

Down volume led by 3.07 to 1 in NYSE & 3.28 to 1 in Nasdaq

Declining stocks led by 4.12 to 1 in NYSE & 4.21 to 1 in Nasdaq

Net new 52 wk highs were leading by 43 in NYSE & lows by 9 in Nasdaq

VIX UP 26.46% @ 33.60 , high today 35.94

Oil @ $41.37

Gold @ $1937.80

Canadian $ @ .6863

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which closed green included AAL CCL SU

CGC DAL UAL HST NVAX MRNA NCLH 

BYND PRNB OXY SLB ULTA M.....

AH Futures Mixed

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE came under selling pressure despite better than expected unemployment stats. Indices closed near low of the day, Internals were negative. Today was a preview of what deeply overbought selling feels, RSI was 82 yesterday an unheard number for S&P 500. Tomorrow it is all about jobs report, expectations are of 105K jobs were added, report should exceed this number. We need to watch how we close as we are approaching long weekend.

BLOG does NOT give buy or sell.

Saleem

at

8 comments:

  1. stocktrader_1996September 4, 2020 at 5:32 AM

    Hi Saleem,

    I've been on vacation since Tuesday and apparently missed a lot!

    I have about 45% cash and will be looking to pick up some tech stocks with a re-opening angle this morning. SQ HUBS PINS are the top priorities.

    Stocktrader

    ReplyDelete
  2. stocktrader_1996September 4, 2020 at 6:53 AM

    Hi guys,

    Bought HUBS @ 276.75

    Looking for the other two still with some lower limit offers.

    Stocktrader

    ReplyDelete
  3. stocktrader_1996September 4, 2020 at 6:57 AM

    Hi guys,

    Bought PSNL @ 21.20 avg

    Stocktrader

    ReplyDelete
  4. stocktrader_1996September 4, 2020 at 7:04 AM

    Hi guys,

    Bought SQ @ 144.72
    Bought PINS @ 35.18

    Not quite the prices I wanted, but close enough when I can't watch all day.

    Stocktrader

    ReplyDelete
  5. stocktrader_1996September 4, 2020 at 7:21 AM

    Hi guys,

    Bought RUN @ 45.97

    Stocktrader

    ReplyDelete
  6. stocktrader_1996September 4, 2020 at 7:35 AM

    Hi guys,

    Bought ACMR @ 78.83

    Stocktrader

    ReplyDelete
  7. stocktrader_1996September 4, 2020 at 7:36 AM

    Hi guys,

    Bought VICR @ 79.69

    Out of cash now.

    Stocktrader

    ReplyDelete
  8. Stocks100September 4, 2020 at 9:17 AM


    Hi Stocktrader,

    Good luck with your new portfolio.

    Saleem

    ReplyDelete