Indices closed mixed.
S&P 500 @ 2629.73, low 2594.62, high 2637.14
RSI @ 43.79
CMF @ -0.073
Internals were :
Down volume led by 1.62 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 1.37 to 1 in NYSE & 1.80 to 1 in Nasdaq
Net new 52 wk lows were leading by 158 in NYSE & 19 in Nasdaq
VIX Down .44% @ 15.90
Oil @ $68.43
Gold @ $1312.70
AH ER....OLED Down 1.54%
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE reversed and closed UP in Dow which is a strong technical action, earlier S&P 500 and Dow both pierced 200 DMA, but all indices are well above 200 DMA. It is all about jobs report @ 830 AM, IF its too hot then June rate hike is given, i personally think that economy is resilient enough for a .25% rate hike in June. By close on Friday, i am hoping that we will be green. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold BAC @ 28.98
I think rates may have peaked out for now, so I don't see the catalyst for bank gains from here.
Bought SWKS @ 91.70
I was trying to sell BAC and buy SWKS all morning and missed some good entry points, but oh well. SWKS performed *very* well given the AAPL weakness in orders and I think 5G will drive another cycle for these guys.
Stocktrader
Hi Saleem,
Sold NSP @ 83.30 on peak employment growth
Stocktrader
Hi Stocktrader,
Good $$$$$ on NSP....
Good luck with SWKS...
Saleem
Hi Stocktrader,
Added 33% SQ @ $48.97.
Saleem
Hi Saleem,
Good luck with more SQ!
Looks like all green lights for market now. Skeptical sentiment persists even as the market is creeping higher and sellers are done--good sign in my opinion.
Stocktrader
Hi Stocktrader,
YES...i agree 100%....northbound move is imminent.....
Saleem
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