Indices closed UP 2.58% to 3.44%...NICE !!!!

Indices closed UP.

S&P 500 @ 2749.98, high 2760.75, low 2663.30

RSI @ 53.15

CMF @ 0.058

Internals were :

UP volume led by 12.37 to 1 in NYSE & 6.09 to 1 in Nasdaq

Advancing stocks led by 6.80 to 1 in NYSE & 4.96 to 1 in Nasdaq

Net new 52 wk lows were leading by 9 in NYSE & 14 in Nasdaq

VIX Down 7.17% @ 43.35

Oil @ $25.09

Gold @ $1684.30

Canadian $ @ .5979

In my portfolio :

Bought CNX in pre market @ $8.37
Added 60% CNX @ $8.13
Sold CNX in after hour @ $9.29

Portfolio DAL JD ROKU SU TWTR

Stocks which were UP 4% or more included DAL TWTR CNX
SHOP DHI KBH PHM VICR LYFT SQ TWLO UBER UAL
SPLK AMAT QRVO LNG YELP WYNN LVS MA MS
OSTK ULTA X.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE defied bearish logic and closed UP near high of the day. There are many many skeptics @ early stage of rally after major slump, outsize gains are there for takers. By the time most feel all clear, pullback starts from overbought condition. Oil, Airlines & Home builders  were the stars of the day with double digits gains. Reason for today's rally Corona peaking in New York and oil had a huge PM spike on Russian cut in production.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed