Wednesday, 19 August 2020

Indices closed down.31% to .57%......

 Indices closed down.

S&P 500 @ 3374.85, low 3369.66, high 3399.54

RSI @ 65.42

CMF @ 0.300

Internals were :

Down volume led by 1.80 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 1.62 to 1 in NYSE & 1.19 to 1 in Nasdaq

Net new 52 wk highs were leading by 140 in NYSE & 84 in Nasdaq

VIX UP 4.79% @ 22.54

Oil @ $42.93

Gold @ $1970.30

Canadian $ @ .6825

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which were UP 1% or more included CCL

NKLA CIEN ESTC NTAP PDD JD ELF NCLH

NKE SPWR RUN LULU UAL FSLR PANW

TWTR ORCL OSTK....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE started in record territory for Nasdaq & S&P 500 with another all time high on an intraday basis. By close all major indices were in red and near low of the day. Fed minutes got the blame for down move after 2 PM. Market will be a lot more unpredictable going forward but being diversified will benefit from rotation.

BLOG does NOT give buy or sell.

Saleem


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