Tuesday 6 October 2020

Indices closed down 1.34% to 1.57%....

 Indices closed down.

S&P 500 @ 3360.97, low 3354.54, high 3431.56

RSI @ 50.55

CMF @ -0.029

Internals were :

Down volume led by 2.71 to 1 in NYSE & 1.03 to 1 in Nasdaq

Declining stocks led by 1.55 to 1 in NYSE & 1.35 to 1 in Nasdaq

Net new 52 wk highs were leading by 148 in NYSE & 111 in Nasdaq

VIX UP 5.44% @ 29.48

Oil @ $40.67

Gold @ $1908.80

Canadian $ @ .6718

In my portfolio bought SPWR @ $15.45

Portfolio AAL APA CCL AG FCX MGM SPWR SU

Stocks which closed green included CCL SPWR 

MRVL CSIQ CNQ ROKU ERI MTCH CRWD 

ESTC ENPH PDD JD KRA ELF NCLH IQ

BYND NVDA TWLO SPLK FSLR BABA

OLED WYNN LVS CMG......

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was doing OK with DOW being strong and Nasdaq dipping in red then green, then came the famous tweet " stimulus negotiations cancelled until election "...instantly DOW went down 400+ points and similar damage in all indices. Looks like another strategy to get a better deal from Democrats.

BLOG does NOT give buy or sell.

Saleem

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