Thursday 1 October 2020

Indices closed UP .13% to 1.42%...NICE !!!

 Indices closed UP.

S&P 500 @ 3380.80, high 3397.18, low 3361.39

RSI @ 53.32

CMF @ -0.105

Internals were :

UP volume led by 1.37 to 1 in NYSE & 2.93 to 1 in Nasdaq

Advancing stocks led by 2.16 to 1 in NYSE & 1.99 to 1 in Nasdaq

Net new 52 wk highs were leading by 63 in NYSE & 50 in Nasdaq

VIX UP 1.25% @ 26.70

Oil @ $38.72

Gold @ $1916.30

Canadian $ @ .6706

Portfolio AAL APA CCL AG FCX MGM SU

Stocks which were UP 2% or more included AAL AG 

JKS SPWR CSIQ SEDG NKLA SQ QRVO NXPI

TWTR AMD DKNG SHOP ROKU MTCH TWLO

TSLA NFLX OSTK SWKS.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE remained positive despite stimulus roller coaster. Nasdaq stay home stocks, semiconductor plus solar were moving sharply higher into new 52 week highs. Tomorrow its all about jobs creation @ 830 AM, expecting a beat again from tiny 800000 expectations. Stock market is battling many cross currents, I am not sure it means a smooth sailing as our very famous TV pundit making it. Technicians Carter Worth is lost for words these days and not making any logical conclusions, becoming history professor instead of dealing with current TAPE which is very strong.

BLOG does NOT give buy or sell.

Saleem

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