Wednesday, February 8, 2023

Indices closed down .61% to 1.68%....

 Indices closed down.

S&P 500 @ 4117.86, low 4111.67, high 4156.85

RSI @ 58.92

CMF @ 0.2444

Internals were :

Down volume led by 2.47 to 1 in NYSE & 2.32 to 1 in Nasdaq

Declining stocks led by 2.07 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new highs were leading by 65 in NYSE & 55 in Nasdaq

VIX UP 5.20% @ 19.63

Oil @ $78.47

Gold @ $1890.70

Canadian $ @ .6566

In my portfolio added 25% ARKK @ $41.90

Portfolio ARKK LCID LSPD MGM SOL

Stocks which closed green included LSPD

UAL TJX X TRIP RCL WYNN CNQ

AI DASH IBM PFE DKNG PANW

UBER DDOG SEDG BYND

TSLA NFLX SLB RH....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed near low of the day on Fed scare tactics, Internals were weak. Nasdaq was the weakest with GOOG in AI weakness. After hours earnings were better than expected, this has lit up the futures. Market is making higher highs and higher lows on any digestion of gains.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...


Hi Stocktrader,

Sold MGM @ $45.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Great job on MGM - casinos have roared!!

Sold SARK @ 39.65

I have more comfort in the current portfolio positions at these levels and so don't need the hedge anymore. Some of the growth companies held up better than expected when reporting, and I also think inflation and economic data may continue to favor growth investments.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Thanks for your feedback.

Good luck with next picks!

Saleem

stocktrader_1996 said...

Hi Saleem,

Added to existing positions PINS BMBL SI BMEA while I look for new ideas.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought MDB @ 226.92

I wanted some cloud exposure and this stock has shown outperformance.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with MDB & more of BMEA PINS BMBL SI

Saleem