Monday, June 6, 2022

Indices closed UP .05% to .40%...NICE !!!

 Indices closed UP.

S&P 500 @ 4121.43, high 4168.78, low 4109.18

RSI @ 43.67

CMF @ 0.073

Internals were :

UP volume led by 1.70 to 1 in NYSE & 1.14 to 1 in Nasdaq

Advancing stocks led by 1.29 to 1 in NYSE & .98 to 1 in Nasdaq

Net new lows were leading by 454 in NYSE & 133 in Nasdaq

VIX UP 1.13% @ 25.07

Oil @ $118.50

Gold @ $1843.70

Canadian $ @ .7428

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 2% or more included BTCC RIOT

HST CNX SNAP XPEV SPWR NIO MGA COIN X

JBLU SAVE ROKU BMBL WYNN LAC MGNI 

FCX MSTR DASH BIDU PINS RUN DKNG

CSIQ PENN ESTC UBER ENPH PDD JD BABA

NVAX LITE SEDG JKS GOOG ULTA....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE finished green which is a victory in this bearish environment, internals were mostly positive. Focus has shifted to CPI this week which is creating more jitters, is it going to be hotter than expected. Stay the course as market is trying to look @ all indicators as Fed is looking @ all data closely.

BLOG does NOT give buy or sell.

Saleem

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