Thursday, September 17, 2020

Indices closed down .47% to 1.27%.....

 Indices closed down.

S&P 500 @ 3357.01, low 3328.82, high 3375.17

RSI @ 46.51

CMF @ 0.101

Internals were :

Down volume led by 1.30 to 1 in NYSE & 1.27 to 1 in Nasdaq

Declining stocks led by 1.61 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 48 in NYSE & 34 in Nasdaq

VIX UP 1.61% @ 26.46

Oil @ $40.97

Gold @ $1949.90

Canadian $ @ .6792

Portfolio AAL APA CCL AG FCX MGM RXT SU

Stocks which were UP 1% or more included FCX RXT

MU MRVL LYFT PENN NIO DKNG ZI GAN ZM

KRA ELF HUYA ASML OXY WB X....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed down but off their lows as buyers stepped in to buy stocks which were out of favor, it seems that rotation has taken place but still a mixed situation, some old favorites still getting buyers @ low / support. Expect Friday to be a positive day as selling seems to be exhausted with RSI @ bargain buying point.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...

Hi Stocktrader,

Sold RXT @ $18.05.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with your next pick.

Stocktrader