Wednesday, March 15, 2023

Indices closed mixed....

 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:

  1. Hi Saleem,

    Sold CIEN @ 49.21 on capital spending fears

    Stocktrader

    ReplyDelete

  2. Hi Stocktrader,

    Good luck with next pick!!!

    Saleem

    ReplyDelete
  3. 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

    ReplyDelete

  4. Hi Stocktrader,

    Good luck with your strategy

    There is ALWAYS new DUST on WAll Street...one goes other comes
    I call it $$$chair.....

    Saleem

    ReplyDelete
  5. Hi Saleem,

    Added to SOXS @ 18.84 to prepare the portfolio for pullbacks or offsetting buying

    Stocktrader

    ReplyDelete

  6. Hi Stocktrader,

    Good luck with more SOXS....

    Saleem

    ReplyDelete