Indices closed UP 5.20% to 6.23%,,,,NICE!!!!

Indices closed UP.

S&P 500 @ 2529.19, high 2553.93, low 2367.04

RSI @ 36.20

CMF @ -0.089

Internals were :

UP volume led by 2.17 to 1 in NYSE & 2.37 to 1 in Nasdaq

Advancing stocks led by 1.44 to 1 in NYSE & 1.96 to 1 in Nasdaq

Net new 52 wk lows were leading by 1798 in NYSE & 1090 in Nasdaq

VIX Down 8.20% @ 75.91

Oil @ $26.95

Gold @ $1525.80

Canadian $ @ .5808

Portfolio AMD LK TWTR

Stocks which were UP 5% or more included AMD LK
CIEN VICR JKS SQ SPWR ROKU QCOM XLNX
BZUN NVDA TSM TWLO MSFT NEM LRCX
SHOP AMZN FEYE SPLK CRON AMAT YY
CSIQ NFLX QRVO MU ORCL SWKS CNX...

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE staged a deeply oversold bounce. VIX did not budge too much, a tell tale of things to come. Internals were mixed. It is extremely hard to gauge this market as news flow is very grim with infection & death numbers piling up. Every day is challenging in more ways than one. Keep a very long term view with very high comfort stocks.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed