Indices closed UP.
S&P 500 @ 4119.21, high 4148.95, low 4037.20
RSI @ 65.17
CMF @ 0.265
Internals were :
UP volume led by 2.20 to 1 in NYSE & 4.29 to 1 in Nasdaq
Advancing stocks led by 2.86 to 1 in NYSE & 2.20 to 1 in Nasdaq
Net new highs were leading by 192 in NYSE & 150 in Nasdaq
VIX Down 7.89% @ 17.87...new 52 wk low...more to come...
Oil @ $76.41
Gold @ $1942.80
Canadian $ @ .6661
Portfolio ARKK LCID LSPD MGM SOL
Stocks which were UP 3% or more included ARKK LSPD
XPEV PDD BIDU NCLH RCL CCL RIOT COIN MRVL
RUN AMAT AFRM MU ROKU QCOM QRVO MSTR
AI AMD NVDA DKNG SNOW LYFT NXPI ZM CRWD
ESTC DDOG TSLA LRCX RH....
AH Futures Mixed
AH Asian Markets Mixed
AH Oil & Gold UP
About market, TAPE closed near high of the day once Fed chief acknowledged Inflation has come down and other economic activity has moderated, This was the signal market was waiting for. Watch shorts squeeze and new allocation come into play in Thursday trading. We have confirmed uptrend after today's close technically speaking. META earning was a homerun.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Trimmed some SI @ 24.70 to take profits
I'm not sure my plans for the rest of the position but seemed a good idea to reduce the oversized exposure given the gains.
STATUS QUANTITY PRICE DATE TIME
Executed 4675.0000 @ 24.70 02/02/2023 10:30:49 AM ET
Executed 25.0000 @ 24.70 02/02/2023 10:30:49 AM ET
Remaining 3800
Not even the whole position filled (despite a 24.71 print), but it's a good start.
Stocktrader
Hi Stocktrader,
Good idea to take profit..no matter what the size IS.....
Added 30% LSPD @ $22.69 in Toronto....
Saleem
Hi Stocktrader,
Sold 40% ARKK @ $44.60
Saleem
Hi Stocktrader,
Added 200% LCID @ $12.38
Saleem
Hi Saleem,
Good luck with the re-positionings! I am tempted to take some profits into these big gains and try to rotate into stocks that haven't moved as much due to lack of visibility.
Stocktrader
Hi Saleem,
Did some major profit taking:
Sold LYFT @ 17.36
Sold GTLB @ 57.49
Sold DDOG @ 88.43
Sold IONQ @ 5.45
Sold PLAY @ 44.94
Trimmed BMEA @ 9.80
Added to ZENV @ 1.19
I'm at about 50% cash right now.
Stocktrader
Hi Stocktrader,
Great job of booking major major profit.
Added more LCID @ $12.30....
Saleem
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