Wednesday, February 23, 2022

Indices closed down 1.31% to 2.57%....

 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:

stocktrader_1996 said...

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

stocktrader_1996 said...

Hi Saleem,

Added a little to DE @ 338.81

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more DE...reshuffling or redeployment is good!

Saleem