Indices closed @ absolute high of the day, this despite oil being lower and Fed chief wants a summer increase in rates, equities looking towards July increase now, so a shrug to that confirmation. Strong US$ taking a toll on gold & gold stocks.
S&P 500 @ 2099.06, high 2099.06, low 2090.06.
RSI @ 61.40
CMF @ 0.102
Internals were :
UP volume led by 1.91 to 1 in NYSE & 2.78 to 1 in Nasdaq
Advancing stocks led by 2.09 to 1 in NYSE & 2.13 to 1 in Nasdaq
Net new 52 wk highs were leading by 80 in NYSE & 59 in Nasdaq
VIX Down 2.31% @ 13.12
Oil @ $49.33
Gold @ $1213.80
Canadian $ @ .6997
Stocks which rose 2% or more included BIDU JCP TWTR
VRX CTRP SPLK LULU YHOO WB BABA MU M
CIEN LRCX CSOD .....
Here is my weighting :
CMG 22.26%
BIDU 21.58%
CNQ 13.17%
ABX 11.63%
JKS 11.16%
TWTR 8.15%
JCP 6.55%
SBUX 5.50%
All the world markets are open on Monday, only closed in US, Canada also open. Interesting to see how trading goes worldwide on Monday.
Enjoy your Memorial day long weekend !
BLOG does NOT give buy or sell.
Saleem
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