Friday, May 14, 2021

Indices UP 1.06% to 2.32%....NICE!!!!

 Indices closed UP and near high of the day. Internals were strong and all sector participated in today's rally, everybody went home feeling good. We got confirmation of yesterday's rally.

S&P 500 @ 4173.85, high 4183.13 low 4129.58

RSI @ 54.46

CMF @ 0.031

Internals were :

UP volume led by 7.82 to 1 in NYSE & 7.89 to 1 in Nasdaq

Advancing stocks led by 4.63 to 1 in NYSE & 4.58 to 1 in Nasdaq

Net new 52 wk highs were leading by 136 in NYSE & 39 in Nasdaq

VIX Down 18.68% @ 18.81

Oil @ $65.37

Gold @ $1838.10

Canadian $ @ .7880

Stocks which were UP 5% or more included CNX NIO SQ

APA SAVE NVTA NCLH RCL AAL FUBO AI MSTR

DASH RIDE SPWR DKNG GAN SNOW LYFT ZM

UBER SEDG LSCC FEYE FSR JWN OXY MRNA

OSTK M BB.....

Here is my portfolio weighting :

SQ             28.80%

MGM        25.22%

CNX         15.09%

NIO         11.61%

AG          10.84%

HST         8.44%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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