Monday, May 23, 2022

Indices closed UP 1.59% to 1.98%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3973.75, high 3981.88, low 3907.04

RSI @ 40.93

CMF @ -0.030

Internals were :

UP volume led by 3.32 to 1 in NYSE & 1.67 to 1 in Nasdaq

Advancing stocks led by 2.43 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new lows were leading by 458 in NYSE & 184 in Nasdaq

VIX Down 3.23% @ 28.48

Oil @ $111.35

Gold @ $1847.80

Canadian $ @ .7160

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which closed UP 1% or more included UAL

APA AMAT NTR MOS MGA TJX CCJ TECK

LSPD MX SAVE AAPL MRVL CNQ AAL

LAC SCHW FCX CLF AMD IBM MSFT 

PANW LYFT DOCU SHOP DAL CVX BA

NVDA MCD FB LRCX GOOG OXY SLB

BROS MA V MS....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong until close, most traders felt comfortable as to direction of this market. After close all that changed with SNAP gave a shocking update in their guidance, guiding lower and other negative updates in their business which is a bad reflection to their peers FB, TWTR, PINS & GOOG.

BLOG does NOT give buy or sell.

Saleem

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