Wednesday, May 4, 2022

Indices closed UP 2.81% to 3.19%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4300.17, high 4307.66, low 4148.91

RSI @ 47.68

CMF @ -0.090

Internals were :

UP volume led by 8.23 to 1 in NYSE & 4.59 to 1 in Nasdaq

Advancing stocks led by 3.98 to 1 in NYSE & 2.39 to 1 in Nasdaq

Net new lows were leading by 466 in NYSE & 459 in Nasdaq

VIX Down 13.09% @ 25.42

Oil @ $107.81

Gold @ $1868.80

Canadian $ @ .7178

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 5% or more included ARKK BTCC RIOT SOFI SOL

APA AFRM HOOD TECK COIN ROKU MGNI MSTR PINS

RUN AMD DOCU ZM KBH DHI PHM ENPH BYND FB

TWLO SLB SPWR JKS....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was in overdrive as Fed gave clear signal that more than 50 basis is not needed for next 2 meetings as inflation may have peaked. Technology was the-biggest winner in today's jump. Travel related stocks missed the party. Indices closed near high for the day, third straight positive close. Internals were strong.

BLOG does NOT give buy or sell.

Saleem

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