Indices closed UP 1.02% to 1.37%....NICE !!!!

 Indices closed UP despite new 193,000 infection cases in USA. There is optimism about vaccine from PFE & MRNA which should be available in days. Indices closed near high of the day. Internals were mostly positive. Re-opening stocks were in heavy demand and moved up sharply.

S&P 500 @ 3585.15, high 3593.66, low 3552.57

RSI @ 63.57

CMF @ -0.100

Internals were :

UP volume led by 5.51 to 1 in NYSE & 2.29 to 1 in Nasdaq

Advancing stocks led by 4.76 to 1 in NYSE & 2.83 to 1 in Nasdaq

Net new 52 wk highs were leading by 85 in NYSE & 97 in Nasdaq

VIX Down 8.88% @ 23.10

Oil @ $40.13

Gold @ $1886.20

Canadian $ @ .6830

Stocks which were UP 4% or more included AAL APA CCL MGM

NKLA GAN CNX DAL HST NTAP PDD JD NVAX KRA NCLH

BA MOMO UAL EXPE OXY SLB AMAT YELP LMND WYNN

LVS ULTA X M.....

Here is my portfolio weighting :

MGM        36.76%

SU            22.25%

CCL         17.66%

AAL         17.56%

APA         5.77%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed