Tuesday, 26 May 2020

Indices closed UP .17% to 2.17%....NICE !!!!

Indices closed UP.

S&P 500 @ 2991.77, high 3021.72, low 2988.17

RSI @ 60.30

CMF @ -0.065

Internals were :

UP volume led by 4.74 to 1 in NYSE & 1.91 to 1 in Nasdaq

Advancing stocks led by 4.92 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new 52 wk highs were leading by 36 in NYSE & 116 in Nasdaq

VIX Down .53% @ 28.01

Oil @ $34.35

Gold @ $1705.60

Canadian $ @ .6173

Portfolio AAL APA CNX MGM SU TLRY SPCE

Stocks which were UP 4%+ included AAL APA MGM TLRY
CCL JD PINS KRA NCLH DAL BIDU BA UAL EXPE
YY SLB YELP TWTR FSLR WYNN LVS MS ULTA
X M......

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was extremely strong maintained UP move of up to 700 DOW points closing @ 500++. Many laggards were flying with double digits gain in today's session alone. These rotation is very healthy for market. Tomorrow's TAPE should be interesting as to which sector will be in focus, old FANG or new laggards.

BLOG does NOT give buy or sell.

Saleem


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