Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3325.54, high 3326.88, low 3301.87

RSI @ 73.69

CMF @ 0.286

Internals were :

Down volume led by 1.12 to 1 in NYSE & .85 to 1 in Nasdaq

Declining stocks led by 1.01 to 1 in NYSE & 1.15 to 1 in Nasdaq

Net new 52 wk highs were leading by 258 in NYSE & 101 in Nasdaq

VIX UP .54% @ 12.98

Oil @ $55.59

Gold @ $1565.40

Canadian $ @ .6851

Stocks which closed green included MRVL XLNX LK
HUYA ROKU WB AMD NVDA SQ SPWR LYFT
UBER SHOP UAL AAL PHM FSLR CGC CRUS
NFLX QRVO INTC MGA MCD MSFT KBH....

AH news...INTC UP 5.57%, SWKS Down 2.5%

In my portfolio;

Bought QCOM @ $92.90
Bought MRVL  @ $27.78

Portfolio SOXS QCOM MRVL.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE reacted positively on WHO announcement that current virus crisis is not international, by erasing losses and mostly closed in green and closed near high of the day, this is extremely positive for bulls. Nasdaq made a new all time highs. Going forward TAPE will be performance driven not all boats to be lifted.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed