Thursday, 9 July 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 3152.05, low 3115.70, high 3179.78

RSI @ 56.48

CMF @ -0.017

Internals were :

Down volume led by 3.24 to 1 in NYSE & 1.04 to 1 in Nasdaq

Declining stocks led by 2.58 to 1 in NYSE & 2.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 161 in NYSE & 148 in Nasdaq

VIX UP 4.20% @ 29.26

Oil @ $39.62

Gold @ $1803.80

Canadian $ @ .6419

Portfolio AAL APA CCL MGM SU

Stocks which were UP 25 or more included NIO DOCU SHOP
ROKU ERI MTCH CRWD JD AMD HUYA SPWR NVDA
TSM TSLA AMZN FEYE FFIV PANW.....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed mixed with Nasdaq being the only winner, Internals were mostly negative. There is another negative for market now, Joe Biden utterance today did not help, instead of capitalizing on unpopularity of current administration, he was busy alienating investors, not a winning strategy.

BLOG does NOT give buy or sell.

Saleem

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