Friday, May 6, 2016

Indices closed UP .32% to .45%....NICE !!!!

Indices closed up despite weak jobs report where it missed consensus by 42 K.Indices closed @ high of the day as a Fed governor had to interpret that weak jobs report is not a recipe for hiking interest rate.

S&P 500 @ 2057.14, high 2057.72, low 2039.45

RSI @ 47.40

CMF @ 0.179

Internals were :

UP volume led by 1.96 to 1 in NYSE & 1.23 to 1 in Nasdaq

Advancing stocks led by 1.83 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 149 in NYSE & lows by 50 in Nasdaq

VIX Down 7.48% @ 14.72

Oil @ $44.61

Gold @ $1290.90

Canadian $ @ .7079

Stocks which closed green included SBUX TWTR
ABX GG SLW AEM CTRP NXPI GOOG FB
PCLN AMZN LVS WYNN CTSH TSLA
SU RIG BABA YELP AMCC CIEN
MCD SWIR CSOD MGA AGU
MLNX......

Here is my weighting :

BIDU 22.40%

NTES 18.07%

CMG  15.97%

CNQ  13.52%

TWTR 8.60%

JKS     7.63% 

JCP     7.60%

SBUX 6.21%

Next post by 2 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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