Tuesday, March 8, 2022

Indices closed down .28% to .72%....

 Indices closed down.

S&P 500 @ 4170.70, low 4157.87, high 4276.94

RSI @ 34.91

CMF @ 0.010

Internals were :

UP volume led by 1.57 to 1 in NYSE & 1.51 to 1 in Nasdaq

Advancing stocks led by .98 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new lows were leading by 620 in NYSE & 737 in Nasdaq

VIX Down 3.62% @ 35.13

Oil @ $123.70

Gold @ $2043.30

Canadian $ @ .7222

In my portfolio :

Sold SOL @ $6.47

Added 25% MGM @ $36.90

Portfolio HST BTCC MGM NCLH PLTR RIOT UAL

Stocks which were UP 3% or more included

BTCC HST NCLH SOL UAL

SNAP AMAT NXPI FSLR SPWR

AG CCJ GE SQ M JBLU SAVE TRIP

MRVL QRVO AAL LAC MSTR DASH

RUN CSIQ LYFT GOOS DAL UBER ENPH

SEDG AEM EXPE OLED JWN SLB JKS.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE showed its bearish jitters by being UP then Down then UP and then closing near low of the day. DOW was a classic example of bear TAPE by being UP 568 and lost almost 200 @ close. We should come out of this slump when there is some catalyst like " news "

BLOG does NOT give buy or sell.

Saleem



5 comments:

stocktrader_1996 said...

Hi Saleem,

Sold BMBL @ 23.65 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought FDX @ 214.49 on economic sensitivity and long term thesis of ever-increasing good delivery right to homes

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Trimmed some ENPH @ 180.40
Added to SNAP @ 33.47

Just adjusting position sizes a bit - market feeling better today!

Stocktrader

Stocks100 said...

Hi Stocktrader,

Bought SOL @ $6.77

Good luck with FDX and more SNAP

Nice booking of profit in BMBL & ENPH

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with SOL again!

Stocktrader