Wednesday, October 14, 2020

Indices closed down .58% to .80%....

 Indices closed down.

S&P 500 @ 3488.67, low 3480.55, high 3527.94

RSI @ 59.26

CMF @ 0.139

Internals were :

Down volume led by 1.28 to 1 in NYSE & 1.04 to 1 in Nasdaq

Declining stocks led by 1.52 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new 52 wk highs were leading by 117 in NYSE & 133 in Nasdaq

VIX UP 1.27% @ 26.40

Oil @ $41.04

Gold @ $1907.30

Canadian $ .6849

Portfolio AAL APA CCL AG IAG MGM RUN SU

Stocks which were UP 1% or more included AAL AG

SPWR JKS CSIQ ENPH SEDG LYFT SNAP NIO

CNQ EAT BIDU QCOM TSLA AEM SLB....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under mild selling pressure as stimulus negotiators could not get anything going forward, same old same old. AH FSLY took the rug under stay home stocks by plunging 26% + plus another 4%+ loss during regular trading hour, adding up to a loss of 31% in few hours, other stocks were showing big losses AH. It is important not to get too greedy in a euphoria. IF you have gains book it please.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold HUYA @ 22.37 on a failed idea

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought PSNL @ 26.02 on this recent dip

I probably shouldn't have sold in the first place, but maybe this is another chance.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with PSNL....

Saleem

stocktrader_1996 said...

Hi Saleem,

Sold QRVO @ 135.44 to take profits

I feel like it may have stalled out for now.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added a little to PSNL @ 25.82

I was underweight due to less-than-average proceeds from the HUYA sale.

Stocktrader