Thursday 30 May 2019

Indices closed UP .17% to .27%....NICE !!!!

Indices closed UP.

S&P 500 @ 2788.86, high 2799.00, low 2776.74

RSI @ 35.88

CMF @ 0.031

Internals were :

Down volume led by 1.19 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led .86 to 1 in NYSE & 1.03 to 1 in Nasdaq

Net new 52 wk lows were leading by 40 in NYSE & 82 in Nasdaq

VIX Down 3.35% @ 17.30

Oil @ $56.59

Gold @ $1292.40

Stocks which were UP 1% or more included BZUN ESTC 
HUYA LULU IQ SHOP FEYE ROKU FSLR CIEN JKS
CSIQ YY ALDR YELP SINA MCD ULTA CMG....

AH news...NTNX Down 17.97%, GPS Down 13.3%

                  WSM UP 12.23%, OKTA UP 6.1%

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed UP despite attempt to bring the market down. DOW remained below 200 DMA while S&P 500 and Nasdaq are above 200 DMA. Futures are slumping on two negative news after hours, first President Trump is imposing 5% duties on all imports from Mexico effective June 10, second China reported Factory orders shrank more than expected. I expect market to close above lows of the day. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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