Indices closed down .07% to .47%.....

Indices closed down.

S&P 500 @ 3483.34, low 3440.89, high 3489.08

RSI @ 58.60

CMF @ 0.161

Internals were :

UP volume led by 1.59 to 1 in NYSE & 1.03 to 1 in Nasdaq

Advancing stocks led by 1.09 to 1 in NYSE & 1.18 to 1in Nasdaq

Net new 52 wk highs were leading by 58 in NYSE & 29 in Nasdaq

VIX UP 2.16% @ 26.97

Oil @ $40.96

Gold @ $1908.90

Canadian $ @ .6753

Portfolio AAL APA CCL AG IAG MGM RUN SU

Stocks which were UP 1% or more included APA RUN

FCX DADA SNAP PENN NIO DOCU ZI CNX ZM

MTCH KBH EAT KRA PHM NKE VICR LSCC 

YY OXY SLB LNG WYNN LVS MS CMG X M...

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was in a deep slump @ open due to rising 2nd wave COVID-19 all over the world but late afternoon buyers came in and took it to green in DOW but closed slightly red. Internals were negative by 10 to 1 a level seen as deeply fear driven and taken as contrary indicator and V reversal takes place. Today's TAPE was much more normal &  balanced after a long time where many sectors participated in closing green, sign of rotation becoming normal.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed