Tuesday, November 24, 2020

Indices closed UP 1.31% to 1.62%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3635.41, high 3642.31, low 3594.52

RSI @ 63.78

CMF @ 0.025

Internals were :

UP volume led by 4.36 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 3.16 to 1 in NYSE & 2.08 to 1 in Nasdaq

Net new 52 wk highs were leading by 484 in NYSE & 344 in Nasdaq

VIX Down 4.50% @ 21.64

Oil @ $44.91

Gold @ $1804.60

Canadian $ @ .6967

In my portfolio :

SOLD MGM @ $27.50

SOLD CCL @ $20.22

BOUGHT CNX @ $9.78

Portfolio AAL APA CNX RIDE SU

Stocks which were UP 5% or more included AAL APA CCL MGM

FCX CIIC NKLA PLAN CGC DAL CVX EAT TSLA UAL OXY

WYNN MS X TLRY ACB.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was strong and made history making DOW 30,000 first time ever and closed above it. Records in Russell 2000 also made it to new all time closing high. It was a banner day for soon to open sectors like Airlines, Cruise lines, casino's and high flying Oils, its not rotation any more, it is new trend in stock market. VIX is flashing caution near its trading low.

BLOG does NOT give buy or sell.

Saleem

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