Thursday, June 1, 2023

Indices closed UP .47% to 1.28%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4221.02, high 4232.43, low 4171.64

RSI @ 60.10

CMF @ 0.127

Internals were :

UP volume led by 3.0 to 1 in NYSE & 2.25 to 1 in Nasdaq

Advancing stocks led by 3.04 to 1 in NYSE & 1.99 to 1 in Nasdaq

Net new lows were leading by 10 in NYSE & 44 in Nasdaq

VIX Down 12.76% @ 15.65.....52 week low is 15.53.....

Oil @ $70.10

Gold @ $1995.50

Canadian $ @ .6554

In my portfolio :

Added 150% AI in pre market @ $32.98

Added 25% AI @ $34.90

Portfolio ARKK AI MRVL SHOP

Stocks which were UP 2% or more included MRVL

LSPD BODU RIOT SPOT COIN RUN PDD CCL

CCJ GE TECK BMBL MTCH MGNI DASH ZI

DKNG NEM AEM NTAP ENPH SEDG EAT 

NVDA META JWN SLB BABA V....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was strong and Nasdaq was the-strongest. Technology remains the-best sector and according to John Chambers of CSCO fame, AI could be bigger than Internet. Internals were mostly positive. VIX ready to make a new 52 week low @ open, bullish for equities.

BLOG does NOT give buy or sell.

Saleem

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