Friday, May 4, 2018

Indices closed UP 1.28% to 1.71%...NICE !!!!

Indices closed UP on oversold conditions, indices continued its UP move since yesterday's reversal.

S&P 500 @ 2663.42, high 2670.93, low 2615.32

RSI @ 50.43

CMF @ -0.015

Internals were :

UP volume led by 4.81 to 1 in NYSE & 4.10 to 1 in Nasdaq

Advancing stocks led by 3.0 to 1 in NYSE & 2.77 to 1 in Nasdaq

Net new 52 wk highs were leading by 52 in NYSE & 43 in Nasdaq

VIX Down 7.11% @ 14.77

Oil @ 69.72

Gold @ $1312.70

Canadian $ @ .7148

Stocks which were UP 2% or more included NVDA
OLED AAPL MU GOOG BABA AMD DNKN
AMAT LRCX MRVL NFLX QRVO SBUX
TSLA NTNX CHK TK RIG LNG FEYE
MGA MCD ULTA SWKS TNA X CNX....

 Here is my portfolio weighting :

NVDA      31.60%

FSLR       23.40%

SQ           17.30%

BZUN      15.30%

MOMO   12.50%

Next post by 6 PM on Sunday.

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