Tuesday, 20 October 2020

Indices closed UP .33% to .47%....NICE !!!!

Indices closed UP.

S&P 500 @ 3443.12, high 3476.93, low 3435.65

RSI @ 53.25

CMF @ -0.018

Internals were : 

UP volume led by 2.76 to 1 in NYSE & 1.11 to 1 in Nasdaq

Advancing stocks led by 2.13 to 1 in NYSE & 1.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 80 in NYSE & 45 in Nasdaq

VIX UP .58% @ 29.35

Oil $41.70

Gold @ $1915.40

Canadian $ @ .6877

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which were UP 2% or more AAL APA CCL AG MGM 

FCX JKS CSIQ SNOW LYFT CNX UBER PDD JD NCLH 

LSCC BZUN OXY SLB WYNN LVS M.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE starting strong but faded by close and closed near low of the day, internals were also on the weak side with mixed picture. VIX closed UP near recent highs, not a technically strong or desirable action. Next 2 weeks expected to be sloppy due to US election and rising 2nd wave of COVID-19. How we close matters now so keep an eye and adjust accordingly.

BLOG does NOT give buy or sell.

Saleem


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