Wednesday, 15 July 2020

Indices closed UP .59% to .91%....NICE !!!!

Indices closed UP.

S&P 500 @ 3226.56, high 3238.28, low 3200.76

RSI @ 61.87

CMF @ 0.048

Internals were :

UP volume led by 6.51 to 1 in NYSE & 3.70 to 1 in Nasdaq

Advancing stocks led by 5.21 to 1 in NYSE & 4.29 to 1 in Nasdaq

Net new 52 wk highs were leading by 140 in NYSE & 98 in Nasdaq

VIX Down 5.96% @ 27.76

Oil @ $41.20

Gold @ $1813.80

Canadian $ @ .6476

Portfolio AAL APA CCL MGM SU

Stocks which were UP 4% or more included AAL CCL MGM
PENN GOOS DKNG CGC DAL ERI UBER LYFT CRON
APHA EAT MRNA NCLH SPWR RUN UAL FEYE 
EXPE YELP WYNN LVS OSTK ULTA M.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE celebrated vaccine progress with a strong rally but closed below best level of the day. Most laggards like airlines, cruise lines and restaurants stocks took off. Russell 2000 did very well. Nasdaq also closed green which proves that this market has broad participation. S&P 500 went into green for the year, one push higher will prove S&P 500 technical strength also.

BLOG does NOT give buy or sell.

Saleem

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