Indices closed down near low of the day on a new trade dispute, US vs Mexico where US is threatening to slap 5% import duty on all good imported from Mexico by June 10th. This caught market by surprise, thus a negative reaction.
S&P 500 @ 2752.06, low 2750.52, high 2768.98
RSI @ 30.84
CMF @ -0.019
Internals were :
Down volume led by 2.67 to 1 in NYSE & 2.56 to 1 in Nasdaq
Declining stocks led by 2.22 to 1 in NYSE & 2.87 to 1 in Nasdaq
Net new 52 wk lows were leading by 144 in NYSE & 167 in Nasdaq
VIX UP 8.15% @ 18.71
Oil @ $53.50
Gold @ $1311.00
Canadian $ @ .6472
Stocks which closed green included LULU SWN AEM JKS
MRVL LNG MCD ULTA TSM CNX.....
Here is my portfolio weighting :
SQ 31.40%
TSLA 31.20%
ESTC 20.80%
BZUN 16.60%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
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