Indices closed mixed.
S&P 500 @ 3990.97, low 3984.57, high 4015.39
RSI @ 59.52
CMF @ 0.156
Internals were :
UP volume led by .83 to 1 in NYSE & 1.58 to 1 in Nasdaq
Advancing stocks led by 1.17 to 1 in NYSE & 1.07 to 1 in Nasdaq
Net new highs were leading by 133 in NYSE & 114 in Nasdaq
VIX Down .67% @ 19.36
Oil @ $80.18
Gold @ $1909.90
Canadian $ @ .6617
In my portfolio Added 110% LSPD @ $21.60 in Toronto
Portfolio ARKK LSPD MGM SOL
Stocks which were UP 2% or more included ARKK LSPD SOL
NCLH SHOP RIOT COIN MSTR OSTK HST CCL MOS
AFRM SQ HOOD JBLU TSM BMBL AI DASH SNOW
PANW DOCU MTCH CRWD ESTC DDOG ENPH
TWLO TSLA BROS MS....
AH Futures Down
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed mixed as DOW was under pressure from GS below expectations earnings. Nasdaq was the shining star and it closed UP. Internals of the market was positive and VIX was lower both good indicators. There is a rotation going on which is getting serious buying interest in beaten down sectors where hope for turnaround is obvious.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold UPWK @ 12.71
Added small to DDOG @ 73.78 to right-size position
Bought SUMO @ 8.00
I worry about the business momentum and eventual margins that UPWK can show in the medium term even if the long term story makes a lot of sense to me. SUMO seems to have more current growth prospects while improving profitability in the latest report.
Stocktrader
Hi Stocktrader,
Good luck with SUMO & more DDOG
Saleem
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