Friday, March 31, 2023

Indices closed UP 1.26% to 1.74%....NICE !!!!

 Indices rocketed UP to higher highs and closing @ high of the day. Internals were positive. Inflation seems to be coming down thus a strong reaction.

S&P 500 @ 4109.31, high 4110.75, low 4056.18

RSI @ 62.83

CMF @ 0.112

Internals were :

UP volume led by 5.32 to 1 in NYSE & 3.34 to 1 in Nasdaq

Advancing stocks led by 4.78 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new highs were leading by 56 in NYSE & lows by 49 in Nasdaq

VIX Down 1.68% @ 18.70

Oil @ $75.67

Gold @ $1986.20

Canadian $ @ .6472

Stocks which were UP 3% or more included ARKK SHOP

AI LSPD COIN RUN SPWR GOOS RBLX HST AFRM

ROKU PINS SNOW PANW DOCU CRWD ESTC 

DDOG ELF TWLO TSLA SPLK RIOT JWN

LVS M MSTR....

In my portfolio Sold 10% SHOP.TO @ $65.00

Here is my portfolio weighting based on 70% exposure :

SHOP      50.24%

ARKK     49.76%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem



2 comments:

Raja said...

Indexes are overbought...?

Stocks100 said...


Hi Raja,

YES...we are in overbought level @ close...

Couple of days to digest...then back to more upside...

Thanks for your take....

Saleem