Thursday, March 2, 2023

Indices closed UP .73% to 1.05%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3981.35, high 3990.84, low 3928.16

RSI @ 44.52

CMF @ 0.022

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new highs were leading by 12 in NYSE & lows by 71 in Nasdaq

VIX Down 4.81% @ 19.59

Oil @ $78.16

Gold @ $1840.50

Canadian $ @ .6380

In my portfolio :

Added 200% MRVL @ $44.80

Sold MRVL AH @ $42.25

Sold SOL @ $4.48

Added 10% AI @ $20.89

Portfolio ARKK AI LCID SHOP

Stocks which closed UP 2% or more included AI SHOP 

MGM RBLX XPEV NCLH CNX NTR MOS AFRM 

CRM M CLF DASH BIDU AMD INTC DOCU

CRWD UBER EAT BA BYND NVDA TWLO

NIO LVS BROS....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE staged an oversold bounce but did not cross any technical hurdles. We definitely need a confirmation of another UP day. Sector rotation keeps playing daily and may continue. It IS becoming a traders market with maximum exposure of swing trading.

BLOG does NOT give buy or sell.

Saleem


3 comments:

Stocks100 said...


Hi Stocktrader,

Sold AI @ $27.25

Saleem

stocktrader_1996 said...

Hi Saleem,

Great capture on that one!!

Good luck with the next moves :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Added 150% LCID from $8.90 to 8.95

Saleem