Wednesday 5 June 2019

Indices closed UP .64% to .82%...NICE !!!!

Indices closed UP.

S&P 500 @ 2826.15, high 2827.28, low 2800.92

RSI @ 48.39

CMF @ 0.012

Internals were :

Down volume led by 1.27 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by .92 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new 52 wk highs were leading by 144 in NYSE & lows by 28 in Nasdaq

VIX Down 5.19% @ 16.09

Oil @ $51.68

Gold @ $1333.60

Stocks which were UP 1% or more included SQ TSLA
LULU LRCX SHOP UAL MTCH AAPL AEM MA
VICR CRON CSIQ OLED ROKU MSFT NKE
CMG V......

AH news....SFIX UP 30.46%, CMTL UP 10.87%

                   APPN Down 4.26%, CASH Down 10.00%

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE had very good 2 days which confirms all is not bad looking into near term, trade and Fed posture is market friendly. DOW, S&P 500 & Nasdaq all are above 200 DMA @ closed today which is a very good thing technically speaking.

BLOG does NOT give buy or sell.

Saleem

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