Monday, March 27, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3977.53, high 4003.83, low 3970.49

RSI @ 50.65

CMF @ 0.016

Internals were :

UP volume led by 3.29 to 1 in NYSE & .77 to 1 in Nasdaq

Advancing stocks led by 2.57 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new lows were leading by 9 in NYSE & 81 in Nasdaq

VIX Down 5.24% @ 20.60

Oil @ $72.81

Gold @ $1983.80

Canadian $ @ .6309

Portfolio ARKK AI SHOP

Stocks which closed UP 1% or more included

SQ MGM GOOS DAL LULU UAL APA

SNAP NTR MOS MGA AG CCJ GE X

JBLU ROKU BMBL CNQ AAL SCHW

PINS IBM TD BMO CVX ELF BA

TWLO OXY SLB BROS ORCL 

ULTA CMG....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was mixed @ close when Nasdaq took a rare day of rest. Internals were mostly positive. VIX and the way we closed, It IS getting ready to catch momentum again. Set your portfolio for long term strategy. 

BLOG does NOT give buy or sell.

Saleem


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9 comments:

  1. stocktrader_1996March 28, 2023 at 6:57 AM

    Hi Saleem,

    Trimmed SOXS @ 19.72
    Added to SARK @ 43.11

    Revisiting my thesis on constrained growth business lending and adjusting my negative exposure.

    Stocktrader

    ReplyDelete
  2. JosephMarch 28, 2023 at 7:05 AM


    Hi Stocktrader,

    Your pick BMEA is up 50%. How do you pick some of these stocks? Keep up the good work and thanks for sharing your picks. Good luck

    ReplyDelete
  3. JosephMarch 28, 2023 at 7:06 AM

    I wish I had a position in it.

    ReplyDelete
  4. stocktrader_1996March 28, 2023 at 7:40 AM

    Hi Joseph,

    I wish I was in it also! but sold because of macro concerns :(

    I just try to read all the research reports I can and see if anything strikes me as particularly interesting. I guess I can't really explain what I look for, but I try to think about it from a future perspective versus how the market perceives it now - basically looking for disconnects and with a catalyst that can bring that gap in coming months.

    I'm not sure that helps, but I'll keep posting and maybe we can find some more winners!

    Stocktrader

    ReplyDelete
  5. JosephMarch 28, 2023 at 7:47 AM


    Thanks Stocktrader. Appreciate it

    ReplyDelete
  6. Stocks100March 28, 2023 at 8:44 AM


    Hi Stocktrader,

    Good luck with more SARK....

    Saleem

    ReplyDelete
  7. stocktrader_1996March 28, 2023 at 12:31 PM

    Hi Saleem,

    Cut in half SOXS @ 19.75 on this recent pop

    After of MU's earnings tonight, I'm getting a bit more neutral.

    Stocktrader

    ReplyDelete
  8. stocktrader_1996March 28, 2023 at 1:00 PM

    Hi Saleem,

    Bought a small amount of FRC @ 13.46 on reports it is no longer for sale which could indicate healthiness.

    Stocktrader

    ReplyDelete
  9. Stocks100March 28, 2023 at 4:41 PM


    Hi Stocktrader,

    Nice profit in SOXS....

    Good luck with FRC....

    Saleem

    ReplyDelete