Friday, May 6, 2022

Indices closed down .30% to 1.40%....

 Indices closed down and touched new lows in Nasdaq which took another selling bout.

S&P 500 @ 4123.34, low 4067.91, high 4157.69

RSI @ 38.77

CMF @ -0.134

Internals were :

Down volume led by 2.16 to 1 in NYSE & 2.92 to 1 in Nasdaq

Declining stocks led by 2.49 to 1 in NYSE & 3.04 to 1 in Nasdaq

Net new lows were leading by 454 in NYSE & 1072 in Nasdaq

VIX Down 3.24% @ 30.19

Oil @ $109.77

Gold @ $1882.80

Canadian $ @ .7107

Stocks which closed green included

HST APA SQ AAPL AMD IBM

PFE NEM CVX EAT MCD OLED

OXY SLB LNG....

Here is my portfolio weighting :

ARKK       30.77%

UAL         20.60%

MGM      20.30%

PLTR        9.13%

BTCC       8.39%

NCLH      7.92%

RIOT       1.83%

SOFI         .62%

SOL          .44%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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