Indices closed down.
S&P 500 @ 4335.50, low 4221.51, high 4341.51
RSI @ 31.84
CMF @ 0.039
Internals were :
Down volume led by 2.80 to 1 in NYSE & 3.51 to 1 in Nasdaq
Declining stocks led by 2.92 to 1 in NYSE & 3.15 to 1 in Nasdaq
Net new lows were leading by 538 in NYSE & 684 in Nasdaq
VIX UP 7.67% @ 31.62
Oil @ $92.10
Gold @ $1910.40
Canadian $ @ .7279
In my portfolio :
Sold CNX @ $15.89
Added 50% MGM @ $22.45
Added 45% SOL @ $5.15
Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL
Stocks which closed green included CNX
SLI CTRA SNAP MOS MGA AG PAAS
FCX DKNG CSIQ PANW PENN NEM
CVX AEM API OXY SLB LNG JKS
OSTK PANW.....
AH Futures Down
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE opened higher but turned lower quickly then closed @ lowest point of 2022, not a good sign, most indices have gone well below correction and some hitting bear definition of down 20%. It has been a very difficult market but opportunistic buying must be done IF you know the stocks well. Very few ever buy @ low of the year and very few sell @ highest point of the year.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold GMBL @ 1.25 on very reduced outlook
This was definitely a mistake stock and I let it slide way too long. Even though there wasn't much capital left in the investment, the money can be deployed better elsewhere.
Stocktrader
Hi Saleem,
Added a little to DE @ 338.81
Stocktrader
Hi Stocktrader,
Good luck with more DE...reshuffling or redeployment is good!
Saleem
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