Wednesday, September 2, 2020

Indices closed UP .98% to 1.59%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3580.84, high 3588.11, low 3535.23

RSI @ 82.90

CMF @ 0.409

Internals were :

UP volume led by 2.35 to 1 in NYSE & 1.34 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 1.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 292 in NYSE & 212 in Nasdaq

VIX UP 1.72% @ 26.57

Oil @ $41.51

Gold @ $34.20

Canadian $ @ .6935

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which were UP 4% or more included MGM MU

MRVL TWTR DKNG LRCX AMAT GOOG SNAP

GOOS.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE continued its major uptrend and closed near high of the day. Nasdaq & S&P 500 closed @ another new all time highs. Internals were positive. Now the focus will shift to jobless claims on Thursday before open. Friday is all important  jobs report, these numbers may trigger reaction.

BLOG does NOT give buy or sell.

Saleem

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