Tuesday, 7 April 2020

Indices closed down .12% to .33%......

Indices closed down.

S&P 500 @ 2659.41, low 2657.67, high 2756.89

RSI @ 49.73

CMF @ 0.007

Internals were :

UP volume led by 2.30 to 1 in NYSE & 1.34 to 1 in Nasdaq

Advancing stocks led by 2.71 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk lows were leading by 28 in NYSE & 28 in Nasdaq

VIX UP 3.23% @ 46.70

Oil @ $23.63

Gold @ $1683.70

Canadian $ @ .6024

In my portfolio :

Sold MU $48.08 in pre market
Sold MU $49.00 in pre market
Sold CNX $8.45
Added 200% SU @ $17.00
Bought DAL @ $22.43 in after hour

Portfolio DAL JD ROKU SU TWTR

Stocks which were UP 1%++ JD TWTR CIEN CNX
JKS LYFT IQ MOMO QCOM WB BYND FB TSLA
LRCX UAL SPLK AMAT OLED WYNN LVS CMG
M......

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong from open but faded completely by close and closed @ low of the day. Internals were mostly positive. Lot of technical analysis is being done on close, for me it is a normal trading pattern when we crash this low. Booking profit on strong open should be followed and opportunistic buying on weakness is highly recommended for a volatile market which we got.

BLOG does NOT give buy or sell.

Saleem

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