Monday, 3 August 2020

Indices closed UP .72% to 1.47%...NICE !!!!

Indices closed UP.

S&P 500 @ 3294.61, high 3302.73, low 3284.53

RSI @ 63.43

CMF @ 0.285

Internals were :

UP volume led by 1.57 to 1 in NYSE & 2.97 to 1 in Nasdaq

Advancing stocks led by 1.94 to 1 in NYSE & 2.47 to 1 in Nasdaq

Net new 52 wk highs were leading by 203 in NYSE & 205 in Nasdaq

VIX Down .74% @ 24.28

Oil @ $41.01

Gold @ $1986.30

Canadian $ @ .6611

In my portfolio....in pre market

Bought MSFT @ $210.00
Added 20% CCL @ $13.37

Portfolio AAL CCL MGM MSFT SU

Stocks which were UP 2% or more included MSFT SU
APA DADA SQ PENN DOCU ZI CNX SHOP ROKU
CGC MTCH ZM CRWD UBER PINS AAPL DHI
JKS SPWR RUN ASML QCOM BYND NVDA 
TWLO TSLA OSTK X.....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong from pre market to close based on Tik Tok being allowed to be pursued by MSFT or any other company. Market internals were strong. Most earnings report is being rewarded with positive price action. Many stocks are making new all time highs on a daily basis which is extremely healthy. RSI still below overbought levels, so more room to run.

BLOG does NOT give buy or sell.

Saleem

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