Thursday, February 23, 2023

Indices closed UP .33% to .72% NICE !!!

 Indices closed UP.

S&P 500 @ 4012.32, high 4028.30, low 3969.18

RSI @ 45.86

CMF @ 0.141

Internals were :

UP volume led by 1.43 to 1 in NYSE & 1.24 to 1 in Nasdaq

Advancing stocks led by 1.94 to 1 in NYSE & 1.37 to 1 in Nasdaq

Net new highs were leading by 16 in NYSE & lows  by 49 in Nasdaq

VIX Down by 5.16% @ 21.14

Oil @ $75.39

Gold @ $1826.80

Canadian $ @ .6430

In my portfolio added 100% AI @ $22.34

Portfolio ARKK AI LCID SHOP SOL

Stocks which were UP 2% or more included AI

MRVL PDD JKS UAL APA SNAP

AMAT AMD MU TSM QRVO TER

MOS BMBL LAC TOL KBH SEDG

NVDA LNG ORVL....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was going UP after open then inflation scare came in downward revision of GDP in USA and market went down in a hurry. By close there was no inflation and market went UP and closed green in all Indices. Tomorrow @ 830 AM world will stop breathing again due to inflation phobia, IF negative for market keep buying good stocks as they go on sale.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with more AI - future growth seems back in favor despite Fed fears.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Bought MRVL @ $43.60

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with MRVL!

The whole January set of economic/inflation numbers seemed off? I'm looking forward to February's data.

Stocktrader