Monday, 11 May 2020

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2930.19, high 2944.25, low 2903.44

RSI @ 58.32

CMF @ 0.000

Internals were :

Down volume led by 2.80 to 1 in NYSE & 1.56 to 1 in Nasdaq

Declining stocks led by 1.68 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 28 in NYSE & 104 in Nasdaq

VIX Down 1.47% @ 27.57

Oil @ $24.14

Gold @ $1698.00

Canadian $ @ .5969

Portfolio AAL APA CIEN CNX CLDR ENPH MGM MU SU

Stocks which were UP 1% or more included CIEN ENPH
DDOG SEDG AMD MSFT AAPL ROKU LULU NVDA
TWLO AMZN SPLK BABA GOOG NFLX OSTK
CMG PANW.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was Down then UP and then faded into close. Lot of anxiety over 2nd time virus infection in Germany & Korea plus new report of infection is Wuhan China, where it all started. US is opening its economy and some are of the view its premature or not all preparations are completed. Market may reflect bout of anxiety as we go forward.

BLOG does NOT give buy or sell.

Saleem

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