Monday, February 27, 2023

Indices closed UP .22% to .63%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3982.24, high 4018.05, low 3973.55

RSI @ 43.36

CMF @ 0.096

Internals were :

UP volume led by 1.13 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by 1.69 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new highs were leading by 40 in NYSE & lows by 1 in Nasdaq

VIX Down 3.32% @ 20.95

Oil @ $75.68

Gold @ $1824.90

Canadian $ @ .6420

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed UP 1% or more included LCID MRVL SOL

GOOS DAL XPEV PDD JKS TPR RUN FSLR SPWR ENPH

SEDG MOS MGA CCJ TECK X RCL LAC MGNI CLF 

MSTR BIDU DKNG SNOW CSIQ PANW DOCU TOL

DDOG UPS ELF BA VICR TSLA EXPE NFLX LAC

FSR CMG....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE tried to recover from last week deeply oversold condition and closed green. Internals were positive. Treasury yield backed off which gave Nasdaq room to find pulse. It Is going to be a slow recovery in equities as many were caught in last week selloff, Investors / traders confidence was shaken which takes time & funds.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed a decent chunk of BMEA @ 13.22 to take profits

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to BMBL PINS IONQ BLNK

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I think the $VIX with a fairly sizable down move today and yesterday is a positive sign.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good to book profit of chunky size$$$$

Good luck with more BMBL PINS IONQ VLNK

YES....VIX being sold off means fear is coming off thus Nasdaq roars....

Saleem