Thursday, July 7, 2022

Indices closed UP 1.12% to 2.28%...NICE !!!

 Indices closed UP.

S&P 500 @ 3902.62, high 3910.63, low 3858.85

RSI @ 50.76

CMF @ 0.029

Internals were :

UP volume led by 7.67 to 1 in NYSE & 4.96 to 1 in Nasdaq

Advancing stocks led by 3.51 to 1 in NYSE & 3.04 to 1 in Nasdaq

Net new lows were leading by 450 in NYSE & 89 in Nasdaq

VIX Down 2.43% @ 26.08

Oil @ $102.73

Gold @ $1739.70

Canadian $ @ .7010

Portfolio ARKK BTCC JKS MGM NCLH PLTR RIOT SOFI UAL

Stocks which were UP 6% or more included ARKK BTCC RIOT SOFI

SOL FSLR SPWE ENPH SEDG CSIQ JKS NIO AFRM MGA COIN

TSM MRVL ARKG LAC CCL FCX CCJ MSTR OSTK DASH

SHOP NVAX MRNA SPLK LNG ....

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was in a bull mode for a change, most sectors participated in today's UP move. Indices closed near high of the day with Internals being strong. Please pay attention to my 6%++ list of stocks, you will note none of the high fliers from last 5 years made the list so called FANG have become out of focus for new & fast money.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed GTLB @ 58.42
Sold MDB @ 321.33

There's no doubt these are leaders, but they are getting increasingly expensive, especially with a potential tech spending slowdown. I think GTLB has more potential from here long term, so it stays in the portfolio.

Added to SYM @ 16.21
Added to IONQ @ 5.07

SYM's backlog makes it an easy buy here still, and IONQ is a very specialized asset that deserves small adds from time to time.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought CROX @ 57.86

A potential rebound in consumer discretionary after the gas/energy shock might be forming as the job market remains strong. Valuation seems attractive here.

Stocktrader

Stocks100 said...


Hi Stocktrader,

My internet provider Roger's communications had a 23 hour outage whole Friday and came back on Saturday around 11 AM. had no cell, TV or Internet all runs on WIFI...thus unable to even know what was happening to my portfolio....missed my Friday's BLOG.

Good Luck with CROX Justin Bieber's brand...good luck with more additions...

Saleem