Monday, 24 August 2020

Indices closed UP .60% to 1.35%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3431.28, high 3432.09, low 3413.13

RSI @ 72.25

CMF @ 0.396

Internals were :

UP volume led by 4.68 to 1 in NYSE & 1.25 to 1 in Nasdaq

Advancing stocks led by 2.49 to 1 in NYSE & 1.25 to 1 in Nasdaq

Net new 52 wk highs were leading by 177 in NYSE & 100 in Nasdaq

VIX Down .75% @ 22.37

Oil @ $42.62

Gold @ $1939.20

Canadian $ @ .6778

In my portfolio... Bought RXT @ $18.25

Portfolio AAL APA CCL MGM MSFT RXT SQ SU

Stocks which were UP 5% or more included AAL CCL MGM 

NIO DAL NCLH BA HUYA BZUN UAL SLB M.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed @ high of the day, S&P 500 and Nasdaq made another all time high. News of treatment related development for COVID-19 patients got the bullish mode going. All laggards came to life, while AAPL added to its $2 trillion+ tally. RSI has gone into overbought thus booking of profit is highly recommended / switching into relative better valuation.

BLOG does NOT give buy or sell.

Saleem

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