Tuesday, May 3, 2022

Indices closed UP .20% to .48%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4175.48, high 4200.10, low 4147.08

RSI @ 38.52

CMF @ -0.177

Internals were :

UP volume led by 2.68 to 1 in NYSE & 1.73 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new lows were leading by 461 in NYSE & 248 in Nasdaq

VIX Down 9.45% @ 29.25

Oil @ $102.41

Gold @ $1870.60

Canadian $ @ .7160

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included NCLH SOFI SOL UAL

CNX NTR MOS FSLR SPWR MU TECK COIN AAPL 

PAAS AAL LAC SCHW RUN AMD PFE PENN SHOP 

NVAX CVX BA OXY SLB LNG JKS MGA MS

OSTK LRCX....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was all over then closed green, 2nd back to back higher close in major indices. Fed policy statement should be as expected 50 basis hike and market should rally hard . Fed statement should have enough for market to feel good as enough work has been done by 10 year rate and markets have pulled back big time.

BLOG does NOT give buy or sell.

Saleem

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