Friday, May 3, 2024

Indices closed UP 1.18% to 1.99%...NICE !!!

 Indices closed near high of the day on softer jobs data, raising hope for earlier rate cut by Fed.

S&P 500 @ 5127.79, high 5139.12, low 5101.22

RSI @ 53.63

Internals were :

UP volume led by 2.36 to 1 in NYSE & 2.78 to 1 in Nasdaq

Advancing stocks led by 3.62 to 1 in NYSE & 2.00 to 1 in Nasdaq

Net new highs were leading by 145 in NYSE & 60 in Nasdaq

VIX Down 8.11% @ 13.49

Oil @ $78.11

Gold @ $2309.10

Canadian $ @ .6313

Here is my portfolio weighting :

SHOP     23.82%

NVDA     21.07%

MSFT    12.61%

GOOG  10.09%

INTC      8.63%

AMD      8.07%

META    7.78%   

BTCC    6.54%

SOUN   1.39%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem



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