Tuesday, 15 September 2020

Indices closed UP .01% to 1.21%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3401.20, high 3419.48, low 3389.25

RSI @ 51.32

CMF @ 0.144

Internals were :

UP volume led by .91 to 1 in NYSE & 2.05 to 1 in Nasdaq

Advancing stocks led by 1.38 to 1 in NYSE & 1.20 to 1 in Nasdaq

Net new 52 wk highs were leading by 112 in NYSE & 65 in Nasdaq

VIX Down 1.01% @ 25.59

Oil @ $38.28

Gold @ $1966.20

Canadian $ @ .6795

Portfolio AAL APA CCL AG FCX MGM RXT SU

Stocks which were UP 1% or more included MGM

INTC SQ MSFT QRVO NXPI SNAP AMD PENN

NIO PLAN ROKU DAL MTCH CRWD DDOG

ENPH PINS SEDG EAT BIDU JKS JUYA RUN

MOMO QCOM BYND TSM FB TSLA FSLR

CRUS NFLX OLED YY OXY BABA FB

CSIQ AMZN ULTA SWKS TSM LRCX...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green close after struggling a bit on no progress with stimulus in Washington. Tomorrow its all about Fed statement which is expected to be extremely supportive of stock market. VIX was down and internals were mostly positive. We are buying time until politicians get it together, not a bad state to be in. Keep looking for opportunities but staying with old favorites are working out just fine.

BLOG does NOT give buy or sell.

Saleem

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