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
9 comments:
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
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
I wish I had a position in it.
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
Thanks Stocktrader. Appreciate it
Hi Stocktrader,
Good luck with more SARK....
Saleem
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
Hi Saleem,
Bought a small amount of FRC @ 13.46 on reports it is no longer for sale which could indicate healthiness.
Stocktrader
Hi Stocktrader,
Nice profit in SOXS....
Good luck with FRC....
Saleem
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