Tuesday, 25 August 2020

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3443.62, high 3444.21, low 3425.84

RSI @ 73.53

CMF @ 0.482

Internals were :

UP volume led by 1.03 to 1 in NYSE & 2.14 to 1 in Nasdaq

Advancing stocks led by 1.05 to 1 in NYSE & 1.47 to 1 in Nasdaq

Net new 52 wk highs were leading by 147 in NYSE & 94 in Nasdaq

VIX Down 1.52% @ 22.03

Oil @ $43.35

Gold @ $1923.10

Canadian $ @ .6804

In my portfolio :

Sold SQ @ $154.25

Added 50% SU @ $16.60

Portfolio AAL APA CCL MGM MSFT RXT SU

Stocks which closed green included  APA MSFT  SQ

MU NXPI AMD NIO DKNG SHOP ZM CRWD

ENPH JD BIDU VICR HUYA SPWR WB BZUN

FB AMZN FSLR BABA YY MA TSM CMG...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ high of the day, today's close was very impressive not because of new all time highs in S&P 500 and Nasdaq but there was no real catalyst for this strength. Internals were positive. DOW changes was taken as positive for new entrants but negative for those stocks taken out. AH earnings were good for CRM.

BLOG does NOT give buy or sell.

Saleem


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