Tuesday, February 14, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4136.13, low 4095.01, high 4159.77

RSI @ 59.58

CMF @ 0.213

Internals were :

Down volume led by 1.03 to 1 in NYSE & ,73 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1.14 to 1 in Nasdaq

net new highs were leading by 101 in NYSE & 5 in Nasdaq

VIX Down 7.03% @ 18.91

Oil @ $79.06

Gold @ $1865.40

Canadian $ @ .6629

In my portfolio bought SHOP.TO @ $65.50

Portfolio ARKK AI LCID LSPD MRVL SHOP SOL

Stocks which were UP 2% or more included ARKK AI MRVL SHOP

TTD PLTR RIOT CCL AFRM MU SQ COIN X TRIP ROKU

DASH AMD DKNG SNOW LYFT DOCU CRWD DDOG

MRNA LSCC NVDA TSLA EXPE LAC OXY RH

PANW MSTR....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH  Gold UP

About market, TAPE was under pressure from higher than expected CPI BUT Nasdaq closed green which shows where the strength IS in this market. Retail Sales are next any weakness will give huge boost to overall market. Momentum is on the buy side which should be obvious to even skeptics. Do NOT overthink this market, the ball is in Nasdaq court.

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...


Hi Stocktrader,

Bought RBLX @ $44.00

Saleem

Stocks100 said...


Hi Stocktrader,

Added 250% SHOP.TO @ $71.41

Sold MRVL @ $46.50

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the re-positionings!

It's been a great year so far - hope it continues :)

Stocktrader