Friday, May 8, 2020

Indices closed UP 1.58% to 1.91%....NICE !!!!

Indices closed @ high of the day despite much anticipated bad news on jobs and unemployment. Economic revival is the focus of Wall Street not yesterday's news.

S&P 500 @ 2929.80, high 2932.16, low 2902.88

RSI @ 58.29

CMF @ 0.002

Internals were :

UP volume led by 8.53 to 1 in NYSE & 4.03 to 1 in Nasdaq

Advancing stocks led by 4.94 to 1 in NYSE & 3.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 35 in NYSE & 76 in Nasdaq

VIX Down 11.01% @ 27.98

Oil @ $24.74

Gold $1713.90

Canadian $ @ .6086

Stocks which were UP 4% ++AAL APA CNX ENPH MGM
DDOG SEDG CCL EST KRA TWTR PINS MRNA DAL
DHI KBH PHM BYND LULU TWLO UBER LRCX 
UAL AMAT SLB WYNN LVS SWKS X M ....

Here is my portfolio weighting :

SU          17.72%
MU         17.42%
CIEN      14.91%
CNX       13.85%
MGM     12.11%
AAL       10.50%
ENPH     4.52%
APA        4.51%
CLDR    4.46%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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