Wednesday, 17 June 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3113.49, low 3108.03, high 3141.16

RSI @ 56.84

CMF @ 0.162

Internals were :

Down volume led by 3.02 to 1 in NYSE & 1.18 to 1 in Nasdaq

Declining stocks led by 1.74 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 78 in NYSE & 144 in Nasdaq

VIX Down .59% @ 33.47

Oil @ $37.96

Gold @ $1735.60

Canadian $ @ .6431

Portfolio AAL CCL CIEN CNX MGM SU

Stocks which closed green included SHOP ERI DKNG
MTCH GAN ESTC DDOG PDD JD PINS NVAX
CLDR SQ UPS AMD ELF TER MSFT DHI NKE 
IQ HUYA MRVL MOMO ASML QCOM BYND 
BZUN NVDA YY SLB SNAP YELP SINA 
OSTK SWKS V PANW.....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE is trying to deal with Corona Virus flaring up in USA & China. Nasdaq closed in green with strength in many Technology stocks from US & China. Patience and conviction is the key in this type of market. Booking profit has to be a very high priority. Rotation is going on daily.

BLOG does NOT give buy or sell.

Saleem

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