Monday, 2 November 2020

Indices closed UP .42% to 1.60%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3310.24, high 3330.14, low 3279.74

RSI @ 42.00

CMF @ -0.089

Internals were :

UP volume led by 5.20 to 1 in NYSE & 1.61 to 1 in Nasdaq

Advancing stocks led by 2.94 to 1 in NYSE & 2.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 11 in NYSE & lows by 33 in Nasdaq

VIX Down 2.34% @ 37.13

Oil @ $36.81

Gold @ $1892.50

Canadian $ @ .6743

Portfolio AAL APA CCL AG MGM RUN SU

Stocks which closed UP 4% or more included APA RUN SU

NIO FCX GAN JKS ENPH BZUN OXY SLB SPWR

OSTK CGC TLRY ACB....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was strong due to strong economic data from China & USA,  economic activity related stocks saw some of the biggest gains while cruise lines sat this rally out as further delay was announced by companies, Airlines also suffered due to movement restrictions in Europe. Today most internals were strong. Tuesday being election day in USA " too much noise is in the air "...hopefully calm may prevail around 11 PM, when winner may be announced to bring the temperature down substantially.

BLOG does NOT give buy or sell.

Saleem

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