Thursday 16 May 2019

Indices closed UP .84% to .97%....NICE !!!!

Indices closed UP.

S&P 500 @ 2876.32, high 2892.15, low 2855.80

RSI @ 48.88

CMF @ 0.283

Internals were :

UP volume led by 2.11 to 1 in NYSE & 1.63 to 1 in Nasdaq

Advancing stocks led by 2.19 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 152 in NYSE & 41 in Nasdaq

VIX Down 7.00% @ 15.29

Oil @ $62.87

Gold @ $1286.20

Stocks which were UP 2% or more included 
LULU SHOP MTCH SPLK CIEN JKS
PANW NTNX TK SPWR MSFT KBH....

AH news...AMAT UP 6.00%, IQ Down 6.13%

                  BIDU Down 10.05%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green from open and closed higher, this was a win of 3 days in a row, nice technical action, S&P 500 & Nasdaq are both above 50 DMA & 200 DMA, while DOW is above 200 DMA but still below 50 DMA. Internals were positive all over which is nice to see.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

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