Tuesday, May 31, 2022

Indices closed down .41% to .67%.....

 Indices closed down.

S&P 500 @ 4132.15, low 4104.88, high 416834

RSI @ 52.04

CMF @ 0.124

Internals were :

Down volume led by 2.74 to 1 in NYSE & 1.65 to 1 in Nasdaq

Declining stocks led by 1.82 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new lows were leading by 465 in NYSE & 47 in Nasdaq

VIX UP 1.83% @ 26.19

Oil @ $114.67

Gold @ $1848.40

Canadian $ @ .7355

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP @ close included BTCC MGM

XPEV NIO NTR MOS MGA COIN WYNN LVS 

QCOM MSTR CSIQ JKS SHOP TD BMO PDD

JD ELF NKE AMZN BABA GOOG NFLX 

MU.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE all over UP in pre market, down after open then UP again then closing lower, a sign of mini overbought condition, interest yield were slightly higher and some hawkish comments of above neutral interest rates from a voting Fed member. We should resume uptrend after new money allocation for equities in June.

BLOG does NOT give buy or sell.

Saleem



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