Thursday, 20 August 2020

Indices closed UP .17% to 1.06%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3385.51, high 3390.80, low 3354.09

RSI @ 66.81

CMF @ 0.366

Internals were :

Down volume led by 1.91 to 1 in NYSE & .57 to 1 in Nasdaq

Declining stocks led by 1.54 to 1 in NYSE & 1.47 to 1 in Nasdaq

Net new 52 wk highs were leading by 61 in NYSE & 52 in Nasdaq

VIX UP .80% @ 22.72

Oil @ $42.58

Gold @ $1946.50

Canadian $ @ .6816

Portfolio AAL APA CCL MGM MSFT SQ SU TLRY

Stocks which were UP 2% or more included MSFT SQ

LYFT CLDR AMD PENN GOLD DOCU GAN SHOP

KL ZM CRWD ESTC UBER DDOG AG AAPL FB

BYND TWLO TSLA SPLK GOOG NFLX.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed UP despite internals were weak. Technology stocks led the move higher and many stocks participated in this rally, stay home & FANG were in vogue again. Friday should be a positive close and more all time highs in order.

BLOG does NOT give buy or sell.

Saleem

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