Friday, September 4, 2020

Indices closed down .56% to 1.27%.....

 Indices closed down after testing 50 DMA support, closing near upper end of trading range. Jobs report was better than expected only helped with a green open and then deep slide.

S&P 500 @ 3426.96, low 3349.63, high 3479.15

RSI @ 53.38

CMF @ 0.274

Internals were :

Down volume led by 1.12 to 1 in NYSE & 1.34 to 1 in Nasdaq

Declining stocks led by 1.51 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & lows by 54 in Nasdaq

VIX Down 8.48% @ 30.75

Oil @ $39.77

Gold @ $1934.30

Canadian $ @ .6901

Stocks which closed green included AAL APA CCL FCX MGM MU RXT

LYFT PENN CNQ CNX DAL UAL JD NCLH BIDU BA TSLA WYNN

LVS ULTA X.....

Here is my portfolio weighting :

SU            22.68%

MGM       18.81%

AAL         17.83%

CCL        12.52%

GOLD      8.01%

MU           5.13%

APA          5.03%

AG           3.96%

FCX         3.31%

RXT         2.72%

Next post by 6 PM on Monday.

BLOG does NOT give buy or sell.

Saleem


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