Wednesday 15 May 2019

Indices closed UP .45% to 1.13%....NICE !!!!

Indices closed UP.

S&P 500 @ 2850.98, high 2858.68, low 2815.08

RSI @ 43.11

CMF @ 0.193

Internals were :

UP volume led by 1.42 to 1 in NYSE & 1.87 to 1 in Nasdaq

Advancing stocks led by 2.05 to 1 in NYSE & 1.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 69 in NYSE & 17 in Nasdaq

VIX Down 8.97% @ 16.44

Oil @ $62.02

Gold @ $1297.80

Stocks which were UP 2% or more included HUYA TWTR FB
SHOP MOMO MTCH NIU SPLK AMAT GOOG NFLX
OLED NTNX TK.....

AH news...AGIO UP 19.81%, SORL UP 7.14%

                   EDAP Down 16.48%, MXWL Down 4.91%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE recovered nicely from early selling and close near high of the day. Internals were positive. Indices have confirmed this UP move by closing UP 2 days in a row. Many stocks showed renewed strength including most semiconductor stocks. Trade news will remain trigger for both UP and down moves.

BLOG does NOT give buy or sell.

Saleem

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