Friday 2 October 2020

Indices closed down .48% to 2.22%.....

 Indices closed down due to health concern for President Donald Trump who tested positive for COVID-19. DOW recovered nicely off the lows but Nasdaq took the brunt of selling by closing slightly above low of the day.

S&P 500 @ 3348.42, low 3323.69, high 3369.10

RSI @ 52.30

CMF @ -0.066

Internals were :

Down volume led by .54 to 1 in NYSE & 1.23 to 1 in Nasdaq

Declining stocks led by .69 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 44 in NYSE & 18 in Nasdaq

VIX UP 3.48% @ 27.63

Oil @ $37.05

Gold @ $1907.60

Canadian $ @ .6676

Stocks which were UP 2% or more included AAL APA FCX SU

JKS DKNG KRA TWLO SLB MGA X M.....

Here is my portfolio weighting :

MGM          31.42%

SU             19.64%

AAL           19.06%

CCL          11.47%

FCX          6.89%

AG            5.96%

APA          5.56%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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