Monday, 23 March 2020

Indices closed down .27% to 3.04%.....

Indices closed down.

S&P 500 @ 2237.40, low 2191.86, high 2300.73

RSI @ 30.16

CMF @ -0.042

Internals were :

Down volume led by 3.03 to 1 in NYSE & .75 to 1 in Nasdaq

Declining stocks led by 3.32 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new 52 wk lows were leading by 1271 in NYSE & 714 in Nasdaq

VIX Down 6.74% @ 61.59

Oil @ $23.36

Gold @ $1567.60

Canadian $ @ .5455

Portfolio AMD CIEN TNA JD LK XLE TWTR GDX

Stocks which closed 2% or higher included AMD JD TWTR GCX
MU JKS LYFT SQ SPWR RUN ROKU NVDA TWLO UBER
SHOP AMAT NFLX YY SNAP NTNX WYNN OSTK CMG...

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was under pressure pre-market then Fed came with all in, rally stalled after open as US Senate voted down twice stimulus package. Nasdaq behaved the-best whole day and went green many times. Many Nasdaq stocks participated in today's trading. VIX went down which may accelerate on strong Tuesday TAPE.

BLOG does NOT give buy or sell.

Saleem

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