Monday, 1 June 2020

Indices closed UP .36% to .66%....NICE !!!!

Indices closed UP.

S&P 500 @ 3055.73, high 3062.18, low 3031.54

RSI @ 64.35

CMF @ 0.097

Internals were :

UP volume led by 4.26 to 1 in NYSE & 2.56 to 1 in Nasdaq

Advancing stocks led by 3.26 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk highs were leading by 75 in NYSE & 125 in Nasdaq

VIX UP 2.62% @ 28.23

Oil @ $34.44

Gold @ $1750.30

Canadian $ @ .6393

Portfolio AAL APA CCL CNX ENPH MGM SU

Stocks which were UP 5% or more included AAL APA CCL
NVAX CLDR SEDG NCLH RUN BYND BZUN TSLA
UAL YY OSTK X TRIL......

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE opened lower but closed near high of the day despite Chinese retaliation not to buy Agricultural products from USA. Market is getting stretched in many sectors, please check RSI of 60 or higher to do program selling. TAPE is too calm to fool many people without notice, overbought is the word.

BLOG does NOT give buy or sell.

Saleem

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