Tuesday, 18 August 2020

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3389.78, high 3395.06, low 3370.15

RSI @ 69.18

CMF @ 0.363

Internals were :

Down volume led by 1.86 to 1 in NYSE & .93 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new 52 wk highs were leading by 164 in NYSE & 115 in Nasdaq

VIX UP .75% @ 21.51

Oil @ $42.89

Gold @ $2012.10

Canadian $ @ .6818

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which closed green included MSFT

LYFT CLDR NIO DOCU DKNG GAN

SHOP KL ROKU TOL ZM CRWD

UBER KBH PINS EAT AAPL NKE 

MOMO LULU BZUN TSLA JKS

AMZN SPLK YY ORCL CMG

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE continued its run for series of all time highs in Nasdaq while S&P 500 joined in making new all time closing high, it was exceeding all time highs on an intraday basis for @ least 3 days. Lot of technicians are predicting end of this bull run, my guess is that, we will keep rotating in more sectors now with back & forth with strong technology in the mix also.

BLOG does NOT give buy or sell.

Saleem

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