Indices closed UP.
S&P 500 @ 2733.29, high 2733.33, low 2709.54
RSI @ 59.85
CMF @ 0.164
Internals were :
UP volume led by .82 to 1 in NYSE & 1.60 to 1 in Nasdaq
Advancing stocks led by 1.07 to 1 in NYSE & 1.15 to 1 in Nasdaq
Net new 52 wk low were leading by 17 in NYSE & highs by 42 in Nasdaq
VIX Down 4.84% @ 12.58
Oil @ $71.84
Gold @ $1289.60
AH news...BILI UP 7.40%, WSM UP 14.88%
NTAP Down 4.46%.....
AH Futures Down
AH Asian Markets Mixed
AH Oil Down
AH Gold UP
BILI reported a much stronger than expected Sales and narrower loss than expected in Q1
Sales RMB 868 million UP 105% yoy, EPS loss RMB 32 million vs loss of RMB 59.6 million year ago
Q1 Net margin loss 0.4% vs 14% net margin loss year ago
Guiding Sales Q2 RMB 970 million to RMB 1.00 billion
Very robust growth and strong guidance qoq......
About market, TAPE closed @ highest point of the day on dovish stand by Fed based on minutes of last meeting. TAPE remains dominated by news, now there is an investigation on Automobile imports on national security basis. Futures are down based on this after hour news. Expect market to close positive as TAPE has learned to ignore politically driven news.
BLOG does NOT give buy or sell.
Saleem
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