Friday, November 6, 2020

Indices closed mixed.....

 Indices closed mixed after huge runup. COVID-19 is making new all time highs in USA in daily reported 140,000 infections. Election is inching its way into finality. Monday should be very interesting in US markets as we greet new President Elect.

S&P 500 @ 3509.44, low 3484.34, high 3521.58

RSI @ 60.03

CMF @ -0.109

Internals were :

Down volume led by 1.18 to 1 in NYSE & .81 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk highs were leading by 188 in NYSE & 172 in Nasdaq

VIX Down 9.86% @ 24.86

Oil @ $37.14

Gold @ $1951.70

Canadian $ @ .6964

Stocks which were UP 1% or more included AG

SNAP PINS MRVL AMD IPHI FCX MU SQ

PANW LYFT NXPI ZI PLAN ROKU CIEN 

CGC ACB TLRY CRWD UBER ENPH 

SEDG UPS ASML XLNX BZUN TSM

NVDA AEM LRCX FSLR BABA MGA

SPWR CMG X M....

Here is my portfolio weighting :

MGM       31.74%

SU           19.04%

AAL        16.69%

CCL       12.50%

RUN        7.96%

AG          7.22%

APA        4.85%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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