Monday, March 13, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 5I00 @ 3855.76, low 3808.86, high 3905.05

RSI @ 34.15

CMF @ -0.082

Internals were :

Down volume led by 2.39 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 2.31 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new lows were leading by 402 in NYSE & 592 in Nasdaq

VIX UP 6.94% @ 26.52

Oil @ $74.80

Gold @ $1916.50

Canadian $ @ .6309

Portfolio ARKK AI SHOP

 Stocks which were UP 2% or more included ARKK AI

COIN RUN EXAS RBLX PLTR PDD

SPWR AG PAAS MSTR SNOW GOLD

MSFT NEM AEM ZM ESTC SEDG....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was extremely confused today, It was a very conflicting set of stats making round Fed funds futures collapsed from 5%+ to 3%+ a monumental slump. Bonds yield collapsed also mortgage rates crashing down in both US & Canada. Goldman Sachs predicting ZERO hike by Fed in next meeting vs much trumpeted 50 basis and high rates longer, how things change overnight. Moral of the story IS do not believe all the talk make your own calls right or wrong because others are equally wrong or right that DEPENDS.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold BMBL @ 20.24 on relative weakness

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with new pick!!

Saleem