Monday, 21 September 2020

Indices closed down .13% to 1.84%.....

 Indices closed down.

S&P 500 @ 3281.06, low 3229.10, high 3285.57

RSI @ 39.25

CMF @ 0.072

Internals were :

Down volume led by 7.75 to 1 in NYSE & 1.50 to 1 in Nasdaq

Declining stocks led by 5.96 to 1 in NYSE & 4.24 to 1 in Nasdaq

Net new 52 wk lows were leading by 27 in NYSE & 24 in Nasdaq

VIX UP 7.55% @ 27.78

Oil @ $39.31

Gold @ $1910.60

Canadian $ @ .6699

In my portfolio Added 30% MGM @ $21.04

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which closed green included SQ MSFT PANW AMD

DOCU ZI PLAN SHOP ROKU TOL ZM CRWD ESTC

DDOG ENPH SEDG JKS AAPL IQ QCOM NVDA

TWLO TSLA LRCX SPLK AMAT NFLX ORCL....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was in a sell sell sell mode until DOW came awfully close to 200 DMA which was about down 940 area, buyers stepped in and took the market to down 500, nice half way recovery. Market was troubled by many things, first COVID-19 was having 2nd wave of infection in Europe, Australia and even in Canada, Supreme court vacancy causing major upheaval in USA politics which may delay stimulus agreement, thirdly US Presidential election is heading towards Democrats which may not be banking friendly. BUT all that, may have been discounted already.

BLOG does NOT give buy or sell.

Saleem


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