Thursday 6 June 2019

Indices closed UP .53% to .71%...NICE !!!!

Indices closed UP.

S&P 500 @ 2843.49, high 2852.10, low 2822.45

RSI @ 51.47

CMF @ 0.057

Internals were :

UP volume led by 1.74 to 1 in NYSE & 1.23 to 1 in Nasdaq

Advancing stocks led by 1.50 to 1 in NYSE & .79 to 1 in Nasdaq

Net new 52 wk highs were leading by 112 in NYSE & lows by 60 in Nasdaq

VIX Down .99% @ 15.93

Oil @ $52.59

Gold @ $1342.70

AH news....BYND UP 18.08%, ZUMZ UP 15.16%

                   BID UP 4.23%, DOCU Down 21.15%

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE continued its recovery from oversold conditions 3 days in a row and DOW UP 4 days in a row, Cause of today's jubilation in afternoon was another tweet which hinted that Mexican import duty of 5 % are not coming in effect as scheduled, wait for another tweet to confirm or deny. There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem


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