Wednesday, May 8, 2019

Indices closed mixed.....

Indices closed mixed.

S&P 500 @ 2879.42, low 2873.28, high 2897.96

RSI @ 45.00

CMF @ 0.195

Internals were :

Down volume led by 1.25 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by 1.16 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new 52 wk high were leading by 41 in NYSE & lows by 15 in Nasdaq

VIX UP .041% @ 19.40

Oil @ $62.12

Gold @ $1281.40

Stocks which closed green included AMD HUYA LULU
SHOP NVDA MTCH ROKU AAPL SPLK CRON CGC
PANW QRVO NTNX CHK TK RIG YELP WYNN
LVS NA SU ULTA SWKS NKE CMG IBM V CNX

AH news...AAOI Down 8.96%, SAIL Down 26.6%

                   STMP Down 45.32%, ROKU UP 8.58%

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE reacted to news of the hour, opened lower, jumped on news of Chinese Vice Premier visit and then faded to red close. AH President Trump is blaming Chinese "broke the deal " futures turned lower on that tweet. Looks like another day of news driven trading in store for Thursday.

BLOG does NOT give buy or sell.

Saleem

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