Thursday, September 24, 2020

Indices closed UP .20% to .37%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3246.59, high 3278.70, low 3209.45

RSI @ 38.28

CMF @ -0.039

Internals were :

UP volume led by 1.39 to 1 in NYSE & 1.19 to 1 in Nasdaq

Declining stocks led by 1.07 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new 52 wk lows were leading by 71 in NYSE & 119 in Nasdaq

VIX Down .24% @ 28.51

Oil @ $40.31

Gold @ $1876.90

Canadian $ @ .6626

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which were UP 2% or more included AG FCX SU

SNOW AUY NEM EAT LSCC TWLO AEM LRCX

CRUS OXY OSTK.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed UP after struggling whole day UP Down then UP. This is a typical action near support. Internals were mostly negative. Hopefully we should have a strong close on Friday. Democrats are coming UP with new stimulus proposal of $2.4 trillion, hopefully Republican can come up from their $1.5 trillion talking point.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold AVLR @ 127.30 to take profits
Sold VICR @ 75.94 on uncertainty regarding NVDA and poor chart
Sold PSNL @ 21.79 avg on competition fears

Bought TZA @ 18.77 as a portfolio hedge

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TZA.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold GM @ 28.79 on weakness

Bought TENB @ 37.19 on a $50 PT call today and solid chart

Stocktrader

Stocks100 said...

Hi Stocktrader,

Good luck with TENB.

Added 60% AG @ $9.60.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more AG!

Stocktrader