Wednesday, 6 May 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2848.42, low 2847.65, high 2891.11

RSI @ 53.28

CMF @ 0.035

Internals were :

Down volume led by 4.38 to 1 in NYSE & .93 to 1 in Nasdaq

Declining stocks led by 2.31 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 7 in NYSE & 31 in Nasdaq

VIX UP 1.52% @ 34.12

Oil @ $23.99

Gold @ $1688.50

Canadian $ @ .5854

Portfolio..AAL CIEN CNX CLDR MGM MU SU

Stocks which were UP 1% or more included CLDR MU 
SEDG TER MSFT AAPL ROKU BIDU SHOP NKE
JKS SQ SPWR RUN XLNX BYND LULU TWLO
TSLA MTCH AMAT FFIV NFLX YY OSTK 
AMZN SWKS...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was up almost 200 DOW points but by close was down 200 DOW points, today's economic news was mixed bad jobs data but optimism over opening of business activity in many states. In the end mini overbought conditions got adjusted by closing near low of the day, that is the market we got 2 UP days then 1 down day.

BLOG does NOT give buy or sell.

Saleem

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