Monday, May 2, 2016

MONDAY CLOSE .... MARKET UP 117/42/16


WTI under $45, Brent under $46. US natgas $2.05.

Physical gold demand @ 6-yr low. Price going up?
46 comps defaulted on debt so far this year: S&P. Highest since '09.
Russia manufacturing at 8-month low in April. Russia 1Q GDP down 1.4%.
Iraq govt in trouble? Riot penetrated Green Zone. ISIS bombs in Baghdad. Turk airstrikes on Iraq Kurds continue.
S Korea 18% drop year on year of exports to China.

(stock #s in %; new highs/lows over last 12 months):

BFRE up 50 with heavy volume. OPWR up 30 on buyout. GPHBF up 15. ESPH up 11. AMSC up 9, new high with very heavy volume. NGLPF up 9. BSRC, AMLM up 8. AETI up 7. RVLT up 6.

AWSL down 16, new low with volume. LEDS down 15, new low with heavy volume. RNWEF down 13. ZNNMF down 6.

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