Tuesday, May 10, 2022

Indices closed mixed....

 Indices closed mixed

S&P 500 @ 4001.05, high 4068.82, low 3958.17

RSI @ 34.14

CMF @ -0.128

Internals were :

Down volume led by 1.45 to 1 in NYSE & .92 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.35 to 1 in Nasdaq

Net new lows were leading by 458 in NYSE & 1416 in Nasdaq

VIX Down 5.06% @ 32.99

Oil @ $99.76

Gold @ $1841.00

Canadian $ @ .6964

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed UP 3% or more included MGM

MOS LULU SAVE TRIP ARKG LAC MGNI 

DASH DKNG PANW NXPI EAT LSCC

NVDA SPLK EXPE SPWR CMG....

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE remains in a bear mode, struggling and fading with any UP move. It is all about inflation numbers @ 830 AM, numbers should show moderation NOT elevated level of 8%++++ numbers. Any rally attempt on better inflation numbers should be monitored as to how we close. Losing 500+ DOW points or 200+ Nasdaq points is a given in a bear market.

BLOG does NOT give buy or sell.

Saleem

No comments: