Indices closed UP.
S&P 500 @ 3909.52, high 3919.54, low 3853.50
RSI @ 51.90
CMF @ -0.068
Internals were :
UP volume led by 3.22 to 1 in NYSE & 2.41 to 1 in Nasdaq
Advancing stocks led by 1.66 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk lows were leading by 139 in NYSE & 348 in Nasdaq
VIX Down 6.56% @ 19.81
Oil @ $58.56
Gold @ $1725.10
Canadian $ @ .7385
Portfolio AAPL HST MGM NIO SQ SU TSM
Stocks which closed green included
AAPL MGM NIO TSM
CNX NCLH RCL WYNN CNQ AAL
CCL MGNI CLF RIDE IBM SPWR JKS
SNOW NXPI PENN CIEN CGC ACB TLRY
TOL DAL EAT KRA PHM UAL EXPE JWN
LVS ORCL X M ....
AH Futures UP
AH Asian Markets UP
AH Oil & Gold UP
About market, TAPE finally found support below key technical level for most index / indices. There was buying near support and volume was positive. Hopefully we can build on today's turnaround. Internals were mostly positive. Restart of economy stocks were in vogue today from their support level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold LYFT @ 64.97
I might get this completely wrong, but I feel like it doesn't have many unknown catalysts for upside, and might get bogged down by worker classification debates.
Bought HUBS @ 440.84
One of my main software plays, I can't stay away. Relative strength has been great during this selloff, and they should benefit even more as small and medium-size companies look to spend again.
Stocktrader
Hi Stocktrader,
Was away most of the day.
Good luck with HUBS...your research and intuition is mostly correct....
Saleem
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