Indices closed UP.
S&P 500 @ 3363.00, high 3393.56, low 3340.47
RSI @ 51.50
CMF @ -0.073
Internals were :
UP volume led by 2.23 to 1 in NYSE & 1.76 to 1 in Nasdaq
Advancing stocks led by 1.20 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new 52 wk highs were leading by 75 in NYSE & 53 in Nasdaq
VIX UP .38% @ 26.17
Oil @ $40.22
Gold @ $1895.50
Canadian $ @ .6674
Portfolio AAL APA CCL AG FCX MGM SU
Stocks which were UP 2% or more included FCX
SPWR CSIQ RXT NKLA PENN GOOS DKNG
ZI GAN TOL UBER DDOG ENPH JD PINS
SEDG NCLH BIDU DHI PHM RUN MS
NVDA TSLA BABA YY.....
AH Futures UP
AH Asian Markets Mixed
AH Oil & Gold Down
About market, TAPE was strong due to positive comment made by Treasury Secretary but there was no agreement for stimulus, thus market pulled back 50% but made another run by close. There is further hope for stimulus after close as differences are being narrowed, now it is around $2.2 trillion and going down. Hopefully Thursday may be a strong day IF further progress in negotiations are announced. All major Indices are above 50 DMA which includes S&P 500, DOW, Nasdaq & SOX.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold TZA @ 16.75
My primary concerns were the election uncertainty and virus re-outbreaks. The former has basically resolved with democrats in solid position to sweep and the latter seems to not be worrying people or the economy as much this time around. Additionally, the chances for stimulus compromise has increased. I think the thesis for my hedge no longer holds, and so I sell it here.
Stocktrader
Hi Saleem,
Bought VICR @ 79.53 to get more semiconductor exposure
Bought GRWG @ 15.61 on growth prospects
Stocktrader
Hi Saleem,
Bought USCR @ 28.96 to get some democratic win exposure
Stocktrader
Hi Saleem,
Bought HCAT @ 36.49 for a little healthcare exposure
Stocktrader
Hi Saleem,
Bought FAZ @ 15.12 on potential dem win and lack of new aid
Stocktrader
Hi Stocktrader,
Lot of trades, 1 sell and many buys.
Was busy wrapping up summer chores, all done, ready for cooler temperature.
Good luck with new add on & new focus$$$$$
Saleem
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