Monday, October 26, 2020

Indices closed down 1.64% to 2.29%.....

 Indices closed down.

S&P 500 @ 3400.97, low 3364.86, high 3441.42

RSI @ 47.43

CMF @ 0.012

Internals were :

Down volume led by 8.68 to 1 in NYSE & 2.46 to 1 in Nasdaq

Declining stocks led by 6.23 to 1 in NYSE & 4.55 to 1 in Nasdaq

Net new 52 wk lows were leading by 39 in NYSE & 22 in Nasdaq

VIX UP 17.82% @ 32.46

Oil @ $38.56

Gold @ $1905.70

Canadian $ @ .6781

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which closed green included RUN

JKS ENPH AMD DSS DOCU SHOP

ERI ZM JD AEM AMZN YY....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE took a COVID-19 dip on record infection around the world. This pullback took DOW almost 1000 points down but closed down 650 area. This was a classic " fear on the street " with internals were negative big time. It is wise to keep faith in your thesis of being invested. Turnaround Tuesday is coming.

BLOG does NOT give buy or sell.

Saleem

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