Tuesday, 5 May 2020

Indices closed UP .56% to 1.13%....NICE !!!!

Indices closed UP.

S&P 500 @ 2868.44, high 2898.23, low 2863.55

RSI @ 54.72

CMF @ 0.014

Internals were :

UP volume led by .92 to 1 in NYSE & 1.56 to 1 in Nasdaq

Advancing stocks led by 1.53 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 15 in NYSE & 34 in Nasdaq

Oil @ $24.56

Gold @ $1710.60

Canadian $ @ .5971

In my portfolio.... Sold DDOG @ $47.25

Portfolio AAL CIEN CNX CLDR MGM MU SU

Stocks which closed UP BY 1%+++ CIEN CNX CLDR MU 
DDOG SEDG JD KRA UPS MSFT AAPL SHOP DHI
SQ BYND TWLO NEM UBER LRCX SPLK AMAT
BABA GOOG PANW QRVO SNAP LVS MA OSTK
ULTA SWKS NKE V.....

AH SU reported a beat in EPS & Sales
Sales actual $7.39 billion beats by $10 million
EPS loss 20 cents actual vs loss of 22 cents expected
Cutting dividend by 50%
Conference call @ 730 AM

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong from open but faded into close, indices closed green for the day, many sectors participated, technology was strong Cruise Lines were weakest plus Airlines remained weak.AH earnings are mostly strong from BYND & weak from PINS. Wednesday should be interesting to see IF we make 3 UP days in a row.

BLOG does NOT give buy or sell.

Saleem

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