Thursday, 23 July 2020

Indices closed down 1.23% to 2.29%.....

Indices closed down.

S&P 500 @ 3235.66, low 3222.66, high 3279.99

RSI @ 59.38

CMF @ 0.198

Internals were :

Down volume led by 1.41 to 1 in NYSE & 1.26 to 1 in Nasdaq

Declining stocks led by 1.16 to 1 in NYSE & 1.61 to 1 in Nasdaq

Net new 52 wk highs were leading by 207 in NYSE & 122 in Nasdaq

VIX UP 7.24% @ 26.08

Oil @ $41.07

Canadian $ @ .6626

Portfolio AAL APA CCL MGM SU

Stocks which were UP 1% or more included AAL
TWTR CNX DAL TLRY MU EAT KRA PHM
JKS SPWR RUN UAL FSLR CLVS LNG M..

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE saw its first serious profit taking in high growth popular technology names, this may be one day wonder and may come back roaring. Laggards like Airlines also participated on better than expected losses, it is all about burn rate. Friday may bring interest in most stocks, laggards & high flying technology.

BLOG does NOT give buy or sell.

Saleem

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