Thursday, May 12, 2022

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 3930.08, low 3858.87, high 3964.80

RSI @ 31.45

CMF @ -0.155

Internals were :

UP volume led by 1.30 to 1 in NYSE & 1.92 to 1 in Nasdaq

Advancing stocks led by .87 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new lows were leading by 465 in NYSE & 1811 in Nasdaq

VIX Down 2.43% @ 31.77

Oil @ $106.13

Gold @ $1824.60

Canadian $ @ .6940

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed UP 5% or more included ARKK PLTR RIOT 

AFRM HOOD SQ COIN ARKF ROKU ARKG DASH PINS

DKNG SNOW GOOS SHOP MTCH JWN KBH MTCH

NVAX MRNA TWLO SPLK ....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE finally gave some indication that selling has dried up. Internals improved and VIX gave another signal that all is not that bad. Many of the "so called junk / garbage stocks were flying in double digit UP moves " It IS all about making money, sometimes those winners are given " reprehensible names " by those whose stocks are not performing.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Sold MNDY @ 110.62 on this pop and to raise cash for opportunities

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought some TZA @ 44.29 for small protection

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TZA...

Saleem