Friday, December 4, 2020

Indices closed UP .70% to .88%...NICE!!!!

 Indices closed @ high of the day with new all time highs in all major indices. Most sector participated in this massive bull run, laggards are leading the pack with spirited UP move like oil stocks, technology is not far behind.

S&P 500 @ 3699.12, high 3699.26, low 3670.94

RSI @ 67.96

CMF @ 0.163

Internals were :

UP volume led by 4.31 to 1 in NYSE & 1.53 to 1 in Nasdaq

Advancing stocks led by 3.53 to 1 in NYSE & 2.93 to 1 in Nasdaq

Net new 52 wk highs were leading by 486 in NYSE & 403 in Nasdaq

VIX 2.30% @ 20.79

Oil @ $46.28

Gold @ $1840.00

Canadian $ @ .7199

Stocks which were UP 2% or more included APA CCL CNX MGM SU

BB FCX CIIC SNOW MU LTFT UBER QRVO CLDR NXPI DOCU

CNQ ROKU MTCH HST CRWD ESTC CVX NCLH QCOM TSM

XLNX LRCX JWN OXY SLB NTNX LNG WYNN LVS MA V X

M SWKS PANW....

In my portfolio added 70% MGM @ $30.20

Here is my portfolio weighting :

SU        29.27%

AAL     23.93%

MGM   14.63%

CNX    14.53%

CCL     9.01%

APA     8.63%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem



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