Thursday, May 6, 2021

Indices closed UP .37% to .93%....NICE !!!!

 Indices closed UP

S&P 500 @ 4201.62, high 4202.70, low 4147.33

RSI @ 62.75

CMF @ 0.135

Internals were :

UP volume led by 1.77 to 1 in NYSE & .71 to 1 in Nasdaq

Advancing stocks led by 1.33 to 1 in NYSE & .72 to 1 in Nasdaq

Net new 52 wk highs were leading by 544 in NYSE & 30 in Nasdaq

VIX Down 3.97% @ 18.39

Oil @ $64.71

Gold @ $1815.70

Canadian $ @ .7805

In my portfolio

Sold SU @ $22.92

Added 33% NIO @ $37.05

Added 25% CNX @ $13.54

Portfolio ACB CNX AG HST MGM NIO SQ

Stocks which were UP 2% or more included AG

TECK APA PAAS CNQ RUN GOLD NEM KL

CIEN PDD AEM NTNX MGA MS OSTK IBM...

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was mixed with Nasdaq testing support @ 50 DMA and turned green @ close, a perfect reversal. Internals still remained negative for Nasdaq. Rotation is in high gear and is obvious to everyone that energy is leading big time. Base metals & now precious metals are in vogue. It is all about jobs report @ 830 AM, 1 million jobs is in the cards.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi Stocktrader,

Bought VUZI @ $19.88

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with VUZI!

Stocktrader