Indices closed mixed.
S&P 500 @ 3891.93, low 3838.34, high 3894.26
RSI @ 40.29
CMF @ -0.029
Internals were :
Down volume led by 3.40 to 1 in NYSE & 1.44 to 1 in Nasdaq
Declining stocks led by 3.34 to 1 in NYSE & 2.37 to 1 in Nasdaq
Net new lows were leading by 331 in NYSE & 401 in Nasdaq
VIX UP 10.16% @ 26.14
Oil @ $67.68
Gold @ $1931.30
Canadian $ @ .6197
In my portfolio added 25% AI @ $20.20
Portfolio ARKK AI SHOP
Stocks which closed green included ARKK
XPEV HOOD COIN PYPL SQ M AAPL ROKU
BMBL SCHW DASH AMD NVDA PFE INTC
MSFT LYFT NEM AEM DOCU ZI ZM CRWD
ESTC DDOG EAT ELF MCD TWLO META
AMZN GOOG NFLX JWN ULTA....
AH Futures UP
AH Asian Markets Down
AH Oil UP
AH Gold Down
About market, TAPE was under severe distress due to aftermath of effects of inverted yield curve. Credit Suisse Is the latest blowup of faulty and aggressive policies of Central Banks who just follow the herd mentality without looking @ consequences. Fed can forget any hikes after this rude wake up call. All the banks are looking very vulnerable due to high high Interest rates. In this rout only quality Nasdaq seems to be the right place to be.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold CIEN @ 49.21 on capital spending fears
Stocktrader
Hi Stocktrader,
Good luck with next pick!!!
Saleem
Hi Saleem,
Sold PINS @ 26.21 on this pop
I'm clearing much of the portfolio to see how the dust settles after everything.
Stocktrader
Hi Stocktrader,
Good luck with your strategy
There is ALWAYS new DUST on WAll Street...one goes other comes
I call it $$$chair.....
Saleem
Hi Saleem,
Added to SOXS @ 18.84 to prepare the portfolio for pullbacks or offsetting buying
Stocktrader
Hi Stocktrader,
Good luck with more SOXS....
Saleem
Post a Comment