Friday, October 16, 2020

Indices closed mixed....

 Indices closed mixed after jumping 350 area in DOW on optimism about vaccines available in November. Election jitters going to take hold thus sideways to down action like today @ close.

S&P 500 @ 3483.81, high 3515.76, low 3480.45

RSI @ 58.64

CMF @ 0.148

Internals were :

Down volume led by .99 to 1 in NYSE & 1.19 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 141 in NYSE & 94 in Nasdaq

VIX UP 1.63% @ 27.41

Oil @ $40.88

Gold @ $1906.40

Canadian $ @ .6799

In my portfolio Sold IAG @ $3.93

Stocks which closed 1% or above included AAL

JKS FSLR DADA PENN NIO PLAN ZM JD

PDD KRA MOMO BABA ULTA X....

Here is my portfolio weighting :

MGM          31.46%

SU              19.82%

AAL           18.64%

CCL          13.09%

AG              6.62% 

APA            5.46%

RUN          4.91%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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