Tuesday, 19 May 2020

Indices closed down .54% to 1.59%......

Indices closed down.

S&P 500 @ 2922.94, low 2922.35, high 2964.21

RSI @ 56.19

CMF @ -0.021

Internals were :

Down volume led by 2.64 to 1 in NYSE & 1.11 to 1 in Nasdaq

Declining stocks led by 1.43 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 39 in NYSE & 59 in Nasdaq

VIX UP 4.20% @ 30.53

Oil @ $32.50

Gold @ $1734.40

Canadian $ @ .6117

In my portfolio...in AH Sold SRNE @ $5.44

Portfolio AAL APA CNX MGM SU TLRY

Stocks which closed green included......TLRY
CGC ENPH DDOG SQ LITE SPWR RUN
BYND BZUN FB NEM AEM LRCX NIU
SPLK FSLR AMAT CSIQ YY SPWR
OSTK CMG......

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was higher then made a sudden sharp u turn to close @ low of the day. We lost less than half of yesterday's gain which is a sign of ongoing technical strength and no panic selling, just normal back and forth trending higher & higher. Traders are feeling comfortable in allocating dollars to equities as most states are adjusting to new opening format.

BLOG does NOT give buy or sell.

Saleem

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