Friday, March 3, 2023

Indices closed UP 1.17% to 1.97%...NICE !!!!

 Indices closed strong on successful retest of support in major Indices. Indices closed @ high of the day recapturing key technical levels.

S&P 500 @ 4045.64, high 4048.29, low 3995.17

RSI @ 52.32

CMF @ 0.035

Internals were :

UP volume led by 1.63 to 1 in NYSE & 4.07 to 1 in Nasdaq

Advancing stocks led by 4.53 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new highs were leading by 107 in NYSE & 32 in Nasdaq

VIX Down 5.62% @ 18.49

Oil @ $79.68

Gold @ $1854.60

Canadian $ @ .6387

Stocks which were UP 3% or more included ARKK LCID SHOP AI

RUN EXAS RBLX NCLH SNAP NIO FSLR AAPL PAAS LAC

DASH PINS SNOW DOCU ZI ESTC DDOG BYND META

TSLA AMZN SPWR BROS....

In my portfolio :

Sold AI @ $27.25

Added 150% LCID @ $8.90 to $8.95

Here is my portfolio weighting on 75% exposure :

SHOP       42.18%

ARKK      40.52%

LCID        17.30%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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