Thursday, May 31, 2018

Indices closed down .27% to 1.02%....

Indices closed down.

S&P 500 @ 2705.27, low 2700.68, high 2722.50

RSI @ 50.93

CMF @ 0.197

Internals were :

Down volume led by 2.95 to 1 in NYSE & 2.14 to 1 in Nasdaq

Declining stocks led by 1.84 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new 52 wk highs were leading by 34 in NYSE & 107 in Nasdaq

VIX UP 3.28% @ 15.43

Oil @ $67.04

Gold @ $1304.70

AH news...LULU 6.43%, GME Down 2.73%
                 WDAY Down 3.45%, ULTA Down 4.5%

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure thanks to tariffs and quick retaliatory messages from Mexico, Canada & EU. When more details comes out of tit for tat in tariff war, market may not like it.Internals were weak. FANG came to life in a bad TAPE which is a good thing.There is only a closing BLOG on Friday's around 7 PM.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...

Hi Stocktrader,

Bought NVDA @ $254.10 in pre market.

Saleem

Stocks100 said...


Hi Stocktrader,

Bought BILI @ $16.40 @ open.

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the new picks!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Added 75% CNQ @ $34.74

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more CNQ.

A lot of wild stock moves starting to happen in tech.

Stocktrader

Stocks100 said...


Hi stocktrader,

MOMO HUYA market cap are getting out of hand.....

Enjoy the ride.....

Saleem