Thursday, 8 October 2020

Indices closed UP .43% to .80%....NICE!!!

 Indices closed UP.

S&P 500 @ 3446.83, high 3447.28, low 3428.15

RSI @ 58.27

CMF @ 0.075

Internals were :

UP volume led by 6.32 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 3.50 to 1 in NYSE & 2.04 to 1 in Nasdaq

Net new 52 wk highs were leading by 181 in NYSE & 153 in Nasdaq

VIX Down 6.06% @ 26.36

Oil @ $41.19

Gold @ $1895.10

Canadian $ .6772

In my portfolio Bought RUN @ $71.40

Portfolio AAL APA CCL AG GAN MGMRUN SU

Stocks which were UP 5% or more included APA SU

AUY ROKU CGC CRON APHA KRA OXY NTNX

IBM M TLRY....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE did a usual yoyo based on state of stimulus deal or no deal, but market ignored all the noise on stimulus talk and made their own prediction that one way or the other there will be a deal. AH news is Stimulus talk is back on for a " complete comprehensive package " Futures shot UP after hour on this new " ON" stimulus talk. Internals are all positive while Russell 2000 is performing the-best.

BLOG does NOT give buy or sell.

Saleem

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