Wednesday 4 November 2020

Indices closed UP 1.34% to 3.85%....NICE!!!!

 Indices closed UP.

S&P 500 @ 3443.44, high 3486.25, low 3405.17

RSI @ 55.10

CMF @ -0.064

Internals were :

UP volume led by .87 to 1 in NYSE & 1.91 to 1 in Nasdaq

Advancing stocks led by 1.36 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new 52 wk highs were leading by 125 in NYSE & 112 in Nasdaq

VIX Down 16.82% @ 29.57

Oil @ $39.15

Gold @ $1896.20

Canadian $ @ .6882

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which were UP 5% or more included PINS MRVL NIO

AMD DKNG PANW LYFT DADA PENN DOCU PLAN 

SHOP ROKU TOL ZM CRWD ESTC UBER KBH TER

AAPL DHI PHM LSCC XLNX LULU NVDA TWLO 

LRCX AMZN AMAT OLED YY SQ NTNX YELP

FB CMG....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was in overdrive due to election trend in US election with mostly status quo which means no radical legislation to curb Capitalism. Nasdaq stay home stocks were strongest plus UBER & LYFT due to approval of proposition in California. Internals were surprisingly not so strong. Hopefully with more clarity on US election results, rally should continue.

BLOG does NOT give buy or sell.

Saleem

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