Indices closed UP .25% to .65%.....NICE !!!!

Indices closed @ absolute high of the day, this despite oil being lower and Fed chief wants a summer increase in rates, equities looking towards July increase now, so a shrug to that confirmation. Strong US$ taking a toll on gold & gold stocks.

S&P 500 @ 2099.06, high 2099.06, low 2090.06.

RSI @ 61.40

CMF @ 0.102

Internals were :

UP volume led by 1.91 to 1 in NYSE & 2.78 to 1 in Nasdaq

Advancing stocks led by 2.09 to 1 in NYSE & 2.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 80 in NYSE & 59 in Nasdaq

VIX Down 2.31% @ 13.12

Oil @ $49.33

Gold @ $1213.80

Canadian $ @ .6997

Stocks which rose 2% or more included BIDU JCP TWTR
VRX CTRP SPLK LULU YHOO WB BABA MU M
CIEN LRCX CSOD .....

Here is my weighting :

CMG   22.26%

BIDU  21.58%

CNQ   13.17%

ABX   11.63%

JKS     11.16%

TWTR  8.15%

JCP       6.55%

SBUX   5.50%

All the world markets are open on Monday, only closed in US, Canada also open. Interesting to see how trading goes worldwide on Monday.

Enjoy your Memorial day long weekend !

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed