Tuesday 10 November 2020

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3545.53, low 3511.91, high 3557.22

RSI @ 62.37

CMF @ -0.162

Internals were :

UP volume led by 1.77 to 1 in NYSE & .87 to 1 in Nasdaq

Advancing stocks led by 1.80 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 96 in NYSE & 67 in Nasdaq

VIX Down 3.69% @ 24.80

Oil @ $41.36

Gold @ $1876.40

Canadian $ @ .6998

Portfolio AAL APA CCL MGM PFE RUN SU

Stocks which closed green included APA SU

IBM PENN DSS GOOS DOCU ZI CNX 

CIEN TOL ERI NTAP TD KBH CVX 

BMO UPS GILD DHI PHM BA OXY

FFIV NFLX YELP LVS ULTA V...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE kept its focus away from most technology stocks with rotation in full swing in reopening of economy stocks. Nasdaq had back to back negative session which is taken as weakness. Try to focus on laggards which has moved already but some are busy to take advantage of higher prices  with new stocks sale to raise more cash, only today AAL & CCL did just that.

BLOG does NOT give buy or sell.

Saleem



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