Thursday, 5 May 2016

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2050.63, low 2045.77, high 2060.23

RSI @ 44.74

CMF @ 0.120

Internals were :

Down volume led by 1.40 to 1 in NYSE & 1.19 to 1 in Nasdaq

Declining stocks led by 1.10 to 1 in NYSE & 1.75 to 1 in Nasdaq

Net new 52 wk highs were leading by 130 in NYSE & lows by 17 in Nasdaq

VIX Down .87% @ 15.91

Oil @ $44.32

Gold @ $1274.30

Stocks which closed green included CMG NTES
ABX NXPI GOOG QRVO YHOO SINA WB
BABA SLW GG AEM DATA CSOD....

AH News...   YELP UP 9.01%, WYNN UP 2.01%
                    GPRO Down 5.14%, FEYE Down 9.26%

FEYE earnings report was a miss on Sales and guidance for Sales
fell well short of expectations.

In my portfolio :

Sold FEYE AH @ $14.75

Added 40% BIDU AH @ $174.50

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was mixed ahead of jobs report, like every jobs report, this is end all & be all, not so, just another number pundits like to create panic or read too much into it. I expect jobs report to exceed 200,000, which should be acceptable to all the chicken traders. Expect green close on Friday after all pundits give a sigh of relief to jobs number. There is a closing BLOG around 7 PM on Friday's.

BLOG does NOT give buy or sell.

Saleem

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