Tuesday, May 17, 2022

Indices closed UP 1.34% to 2.76%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4088.85, high 4090.72, low 4033.93

RSI @ 43.96

CMF @ -0.084

Internals were :

UP volume led by 6.38 to 1 in NYSE & 3.75 to 1 in Nasdaq

Advancing stocks led by 2.92 to 1 in NYSE & 3.18 to 1 in Nasdaq

Net new lows were leading by 460 in NYSE & 202 in Nasdaq

VIX Down 4.99% @ 26.10

Oil @ $112.40

Gold @ $1818.90

Canadian $ @ .7156

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 5% or more included ARKK NCLH RIOT UAL

AMAT XPEV NIO AFRM TECK SQ COIN ARKF JBLU

SAVE BMBL MRVL QRVO AAL CCL MSTR RUN

AMD CSIQ DAL NVAX SEDG NVDA LRCX

BABA MU.....

AH Future Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong once Fed chief had spoken which was much firmer in tone and focus to contain inflation. Indices closed @ high of the day which more than confirms recent turnaround as too many confident bears are roaming around CNBC and making no sense now.

BLOG does NOT give buy or sell.

Saleem

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