Friday, May 25, 2018

Indices closed mixed....

Indices closed mixed as oil tanked on increasing supplies by Russia and Saudi Arabia. North Korea wants to negotiate which offset some negativity. Nasdaq closed green and Nasdaq internals were positive.

S&P 500 @ 2721.33, low 2714.99, high 2727.36

RSI @ 56.15

CMF @ 0.170

Internals were :

UP volume led by .55 to 1 in NYSE & 1.17 to 1 in Nasdaq

Advancing stocks led by .80 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 33 in NYSE & 78 in Nasdaq

VIX UP 5.5% @ 13.22

Oil @ $67.88

Gold @ $1303.70

Canadian $ @ .7026

Stocks which were UP 1% or more included BIDU BILI HUYA
NTES NXPI INTC CTRP LEN MRVL ROKU MLNX KBH
FNSR ORCL CRUS AAL.....

Here is my portfolio weighting :

BIDU      41.80%

WB         25.40%

MOMO   14.80%

HUYA     10.00%

BILI        8.00%

Next post by 6 PM on Monday....Monday US markets closed ....Toronto open along with world markets.

BLOG does NOT give buy or sell.

Saleem

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