Tuesday, December 29, 2020

Indices closed Down .22% to .38%.....

 Indices closed down.

S&P 500 @ 3727.04, low 3723.31, high 3756.12

RSI @ 63.75

CMF @ 0.224

Internals were :

Down volume led by 1.85 to 1 in NYSE & 1.44 to 1 in Nasdaq

Declining stocks led by 1.70 to 1 in NYSE & 2.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 217 in NYSE & 169 in Nasdaq

VIX UP 6.36% @ 23.08

Oil @ $48.00

Gold @ $1882.90

Canadian $ @ .7202

Portfolio AAL APA BB CCL CNX AG MGM SU TECK

Stocks which closed green included TECK

RIOT BIDU SNAP PINS GAN INTC

PLAN CNQ SHOP ZM UBER BABA

PDD JD EAT IQ HUYA MOMO 

LULU BZUN AMZN EXPE

NFLX YY NIO LNG MA

V X....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE opened higher but closed near low of the day. There was lot of profit booking for year end tax purposes as some had very low income to report for 2020 due to COVID-19. Depending how last day of trading is recognized in USA this selling pattern may continue. Prepare your portfolio for 2021 starting January.

BLOG does NOT give buy or sell.

Saleem

No comments: