Indices closed UP 2.44% to 3.85%....NICE !!!!

Indices closed UP.

S&P 500 @ 2953.91, high 2968.09, low 2913.86

RSI @ 58.92

CMF @ -0.011

Internals were :

UP volume led by 10.14 to 1 in NYSE & 3.21 to 1 in Nasdaq

Advancing stocks led by 7.12 to 1 in NYSE & 4.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 51 in NYSE & 4.42 to 1 in Nasdaq

VIX Down 8.12% @ 29.30

Oil @ $31.82

Gold @ $1734.40

Canadian $ @ .6060

In my portfolio :

Bought SRNE @ $9.20
Bought TLRY @ $7.95
Sold JD @ $55.25

Portfolio AAL APA CNX MGM SRNE SU TLRY

Stocks which were UP 7% or more included
AAL APA CNX MGM JD
ENPH NVAX CCL BMO EAT
KRA ELF MESO MRNA DAL 
BIDU DHI KBH PHM BA LYFT
UAL EXPE YY SLB FSLR SPWR
JKS MOMO MGA MS.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was on fire on optimistic comment about US economy by Fed Chief on 60 minutes. Before open MRNA lit more fire by confirming success in phase 1 testing for treatment of COVID-19 patients. DOW was the strongest and had the best internals of 10 to 1 positive which is very rare. S&P 500 have closed above much touted resistance of 2950 where it failed twice previously but 3rd time was a charm.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed