Indices closed UP.
S&P 500 @ 2788.86, high 2799.00, low 2776.74
RSI @ 35.88
CMF @ 0.031
Internals were :
Down volume led by 1.19 to 1 in NYSE & .80 to 1 in Nasdaq
Declining stocks led .86 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new 52 wk lows were leading by 40 in NYSE & 82 in Nasdaq
VIX Down 3.35% @ 17.30
Oil @ $56.59
Gold @ $1292.40
Stocks which were UP 1% or more included BZUN ESTC
HUYA LULU IQ SHOP FEYE ROKU FSLR CIEN JKS
CSIQ YY ALDR YELP SINA MCD ULTA CMG....
AH news...NTNX Down 17.97%, GPS Down 13.3%
WSM UP 12.23%, OKTA UP 6.1%
AH Futures Down
AH Asian Markets Down
AH Oil Down
AH Gold UP
About market, TAPE closed UP despite attempt to bring the market down. DOW remained below 200 DMA while S&P 500 and Nasdaq are above 200 DMA. Futures are slumping on two negative news after hours, first President Trump is imposing 5% duties on all imports from Mexico effective June 10, second China reported Factory orders shrank more than expected. I expect market to close above lows of the day. There is only a closing BLOG on Friday's around 7 PM.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Bought SAIL @ 17.55
I think there's more value here than the street is giving credit for.
Stocktrader
Hi Saleem,
Sold COHU @ 14.32
Bought LYFT @ 55.05
Stocktrader
Hi Stocktrader,
Good luck with SAIL & LYFT
Saleem
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