Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3155.22, low 3149.43, high 3235.32

RSI @ 55.77

CMF @ 0.045

Internals were :

Down volume led by 1.83 to 1 in NYSE & 1.67 to 1 in Nasdaq

Declining stocks led by 1.57 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 216 in NYSE & 187 in Nasdaq

VIX UP 17.96% @ 32.19

Oil @ $40.10

Gold @ $1814.10

Canadian $ @ .6428

In my portfolio added 20% AAL @ $11.58

Portfolio AAL APA CCL MGM SU

Stocks which closed green included MGM SU
CNQ NTAP TD PDD APHA NVAX KRA
MRNA RUN TSM WYNN LVS.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was celebrating new potential treatments for COVID-19, Nasdaq made a new all time high while S&P 500 went positive for the year, DOW was UP 500+++ points...but it did not last. California shutting down many businesses took the rug out of today's euphoria. It was a very good wake up call for new entrants that one can lose money in stock market, an important lesson to learn and then try to survive.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed