Friday, February 24, 2023

Indices closed down1.02% to 1.69%....

 Indices closed down due to bogey of inflation which slightly ticked higher than expected, believe It or NOT, we closed near high of the day in much feared S&P 500.

S&P 500 @ 3970.04, low 3943.08, high 3978.25

RSI @ 41.81

CMF @ 0.118

Internals were :

Down volume led by 2.48 to 1 in NYSE & 3.61 to 1 in Nasdaq

Declining stocks led by 3.0 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 19 in NYSE & 108 in Nasdaq

VIX UP 2.51% @ 21.67

Oil @ $76.32

Gold @ $1817.10

Canadian $ @ .6376

Stocks which closed green included

CNX SU CCJ GE SQ SAVE

CNQ CVX SLBSCHW

BYND OLED.....

In my portfolio bought MRVL @ $$43.60

Here is my portfolio weighting :

ARKK          31.46%

SHOP         30.16%

AI              18.34%

MRVL      11.96%

LCID        6.50%

SOL         1.58%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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