Tuesday, May 11, 2021

Indices closed down .09% to 1.36%....

 Indices closed down.

S&P 500 @ 4152.10, low 4111.53, high 4162.04

RSI @ 52.01

CMF @ 0.059

Internals were :

Down volume led by 1.87 to 1 in NYSE & .92 to 1 in Nasdaq

Declining stocks led by 2.85 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new 52 wk highs were leading by 10 in NYSE & lows by 199 in Nasdaq

VIX UP 11.09% @ 21.84

Oil @ $68.55

Gold @ $1836.10

Canadian $ @  .7904

Portfolio ACB CNX AG HST MGM NIO SQ

Stocks which were UP 1% or more included AG NIO SQ

TECK COIN X ROKU NVTA PYPL SNAP FUBO

FCX CLF MSTR DASH BIDU RUN AMD SPWR

CSIQ PENN DOCU MTCH ZM CRWD BYND

SPLK NFLX QS RIDE FEYE TWTR OSTK

AMZN LRCX TLRY....

AH Futures Down

AH Asian Markets Down

AH Oil UP 

AH Gold Down

About market, TAPE was disappointing again, all Indices closed lower, Internals were mostly negative. There was celebration that Nasdaq came back to near unchanged level, It Is too soon to declare victory, Indices normally retest lows and sometimes It goes further down than previous support. Lot of hype about CPI data @ 830 AM, It Is fully discounted for the most part, It may be buy the news.

BLOG does NOT give buy or sell.

Saleem


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