Friday, May 5, 2023

Indices closed UP 1.65% to 2.25%..NICE !!!!

Indices closed UP despite hotter than expected jobs report as we were deeply oversold. Most sectors participated in today's rally.

S&P 500 @ 4136.25, high 4147.02, low 4084.73

RSI @ 54.80

CMF @ 0.078

Internals were :

UP volume led by 8.42 to 1 in NYSE & 4.25 to 1 in Nasdaq

Advancing stocks led by 4.95 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new highs were leading by 24 in NYSE & lows by 36 in Nasdaq

VIX Down 14.44% @ 17.19

Oil @ $71.34

Gold @ $2024.80

Canadian $ @ .6575

Stocks which were UP 4% or more included ARKK AI SHOP SNAP

LSPD VOIN RUN MRVL UAL RIOT CCL RCL FSLR AFRM

MGA PYPL M AAPL ROKU MSTR DKNG SEDG NVDA

TSLA EXPE JWN.....

Here is my portfolio weighting :

SHOP     44.93%

ARKK    33.33%

AI          10.42%

SNAP      5.96%

SQ          5.36%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem 

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