Monday, May 7, 2018

Indices closed UP .35% to .77%...

Indices closed UP.

S&P 500 @ 2672.53, high 2683.35, low 2664.70

RSI @ 52.10

CMF @ 0.019

Internals were :

UP volume led by 1.54 to 1 in NYSE & 2.85 to 1 in Nasdaq

Advancing stocks led by 1.70 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 136 in NYSE & 106 in Nasdaq

VIX Down .14% @ 14.75

Oil @ $70.77

Gold @ $1314.10

Stocks which were UP 3% or more included BZUN MOMO NVDA SQ VICR WB BABA JKS ROKU SINA SPWR....

AH News....VECO UP 14.04%, PI UP 10.09%
                   ZG Down 6.56%, HTZ Down 7.49%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE carried its bull run for 3rd day after finding support. Many leading stocks had a powerful day, most Chinese stocks were strong. Iran tweet took some steam off this rally. Oil seems to be in a major bull run closing above $70. Hopefully we close strong again on Tuesday.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Added a bit more to my speculative position of BILI @ 10.39

The growth rates are tremendous here, and I think Chinese stocks are getting more looks from investors after Munger's comments.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more BILI.

Saleem