Thursday, May 19, 2022

Indices closed down .26% to .75%.....

 Indices closed down.

S&P 500 @ 3900.19, low 3876.58, high 3945.96

RSI @ 35.43

CMF @ -0.078

Internals were :

UP volume led by 1.16 to 1 in NYSE & 1.53 to 1 in Nasdaq

Advancing stocks led by 1.15 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new lows were leading by 460 in NYSE & 447 in Nasdaq

VIX Down 5.20% @ 29.35

Oil @ $109.89

Gold @ $1841.20

Canadian $ @ .7170

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed UP 5% or more included ARKK SOFI

SPWR CSIQ ENPH SEDG NIO AFRM PYPL AG LSPD

ARKF BMBL PAAS LAC MGNI AI MSTR DASH

SNOW LYFT GOOS DOCU SHOP ZM ESTC

DDOG PDD JD NVAX AEM EXPE SQ RH...

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE saw another down day but most high growth stocks were not only green but were UP 5%+++ another sign that "all is not bad ". Most pundits are busy telling everyone how low can we go, some are predicting another 30% lower. We can worry about " opinions " or work hard in finding great stocks @ fire sale prices, its your choice. Markets go UP and markets go down but many stocks buck the trend.

BLOG does NOT give buy or sell.

Saleem

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