Indices closed UP 1.60% to 2.71%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3398.96, high 3424.77, low 3366.84

RSI @ 50.24

CMF @ 0.221

Internals were :

UP volume led by 2.65 to 1 in NYSE & 3.19 to 1 in Nasdaq

Advancing stocks led by 2.96 to 1 in NYSE & 2.24 to 1 in Nasdaq

Net new 52 wk highs were leading by 30 in NYSE & 26 in Nasdaq

VIX Down 8.42% @ 28.81

Oil @ $38.05

Gold @ $1954.90

Canadian $ @ .6832

Portfolio AAL APA GOLD CCL AG FCX MGM MU RXT SU

Stocks which were UP 4% or more included GOLD AG RXT

MRVL MSFT QRVO CLDR SNAP AMD PENN NIO NEM

DKNG KL ZM KBH PINS NVAX RUN TSLA AEM YY 

SPWR OSTK SWKS KBH ....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE proved most gurus wrong by opening higher and never looking back despite no agreement on 2nd stimulus for US economy & setback with Vaccine trial. Surprisingly after close every guru became bullish. Market character has changed for the short term, lot of unknown facing stock market, many places are experiencing 2nd wave of COVID-19 infection, US still struggling with first wave, election drama will take center stage just to name a few. Tread carefully every time we have a rally and be opportunistic, when we have selling.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed