Wednesday 30 September 2020

Indices closed UP .74% to 1.20%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3363.00, high 3393.56, low 3340.47

RSI @ 51.50

CMF @ -0.073

Internals were :

UP volume led by 2.23 to 1 in NYSE & 1.76 to 1 in Nasdaq

Advancing stocks led by 1.20 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 53 in Nasdaq

VIX UP .38% @ 26.17

Oil @ $40.22

Gold @ $1895.50

Canadian $ @ .6674

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which were UP 2% or more included FCX

SPWR CSIQ RXT NKLA PENN GOOS DKNG 

ZI GAN TOL UBER DDOG ENPH JD PINS

SEDG NCLH BIDU DHI PHM RUN MS

NVDA TSLA BABA YY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong due to positive comment made by Treasury Secretary but there was no agreement for stimulus, thus market pulled back 50% but made another run by close. There is further hope for stimulus after close as differences are being narrowed, now it is around $2.2 trillion and going down. Hopefully Thursday may be a strong day IF further progress in negotiations are announced. All major Indices are above 50 DMA which includes S&P 500, DOW, Nasdaq & SOX.

BLOG does NOT give buy or sell.

Saleem


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