Thursday, June 2, 2022

Indices closed UP 1.33% to 2.69%....NICE !!!

 Indices closed UP.

S&P 500 @ 4176.82, high 4177.51, low 4074.37

RSI @ 54.63

CMF @ 0.095

Internals were :

UP volume led by 4.13 to 1 in NYSE & 4.98 to 1 in Nasdaq

Advancing stocks led by 3.35 to 1 in NYSE & 2.95 to 1 in Nasdaq

Net new lows were leading by 457 in NYSE & 108 in Nasdaq

VIX Down 3.78% @ 24.72

Oil @ $116.87

Gold @ $1871.40

Canadian $ @ .7410

Portfolio ARKK BTCC MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 5% or more included

ARKK NCLH PLTR RIOT SOFI SOL

SNAP XPEV AFRM PYPL AG SQ

CRM LSPD COIN ARKF ARKG

ROKU MRVL PINS AMD DKNG 

SNOW LYFT PENN DOCU SHOP

UBER DDOG ENPH SEDG BA

BYND FB NFLX SPLK OSTK

LAC.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE hesitated and went down on Fed member prediction that September interest rate hike is in place. After digestion of negativity June $$ allocation kicked in and we closed @ high of the day. Most stocks were UP in double digits reflecting deeply oversold condition. Its all about jobs report weaker number from ADP may prevail and stocks will like that.

BLOG does NOT give buy or sell.

Saleem

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