Friday, May 27, 2022

Indices closed UP 1.76% to 3.33%...NICE !!!!

 Indices closed @ high of the day with a confident UP week. All Indices scored gains. Internals were mostly positive. DOW is looking strongest ready to take out 200 DMA.

S&P 500 @ 4158.24, high 4158.49, low 4077.43

RSI @ 53.72

CMF @ 0.173

Internals were :

UP volume led by 7.15 to 1 in NYSE & 4.08 to 1 in Nasdaq

Advancing stocks led by 6.49 to 1 in NYSE & 4.10 to 1 in Nasdaq

Net new lows were leading by 446 in NYSE & 61 in Nasdaq

VIX Down 6.47% @ 25.72

Oil @ $115.07

Gold @ $1857.30

Canadian $ @ .7256

Stocks which were UP 5% or more included

ARKK NCLH PLTR RIOT SOFI UAL

SNAP FSLR SPWR AFRM HOOD

PYPL BB SQ COIN ROKU MRVL AAL 

CCL DASH RUN SHOP CRWD ESTC

DDOG PDD NVAX SEDG BYND

TWLO TSLA SPLK JWN ULTA....

Here is my portfolio weighting :

ARKK        32.19%

UAL          22.06%

MGM        19.43%

PLTR          8.96%

NCLH        7.38% 

BTCC       7.10%

RIOT        1.47%

SOFI        1.41%

Next post on Monday by 6 PM, US market closed for Memorial Day but world markets and Toronto open.

BLOG does NOT give buy or sell.

Saleem

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