Monday, May 2, 2022

Indices closed UP .26% to 1.63%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4155.38, high 4169.81, low 4062.51

RSI @ 36.87

CMF @ -0.138

Internals were :

UP volume led by 1.16 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by .66 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new lows were leading by 459 in NYSE & 709 in Nasdaq

VIX Down 3.17% @ 32.34

Oil @ $105.17

Gold @ $1863.60

Canadian $ @ .7113

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% included ARKK PLTR RIOT SOFI

SNAP XPEV AFRM HOOD PYPL MU SQ COIN ROKU

MRVL QCOM QRVO SWKS RUN AMD DKNG SNOW

PENN DOCU SHOP ZM ENPH NVAX TWLO TSLA

FB BABA JWN OXY LVS OSTK MSTR....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure again and made new trading lows in S&P 500 & Nasdaq while DOW was down 530 area as 10 year spiked UP to 3.0%. After 330 PM TAPE went into buying frenzy and we erased all the losses and closed in green. Most sectors participated in this uptrend. Interesting tid bit we did not go below 4062 in S&P 500 which was predicted by many technicians.

BLOG does NOT give buy or sell.

Saleem

No comments: