Tuesday, March 21, 2023

Indices closed UP .98% to 1.58%....NICE !!!

 Indices closed UP.

S&P 500 @ 4002.87, high 4009.08, low 3971.19

RSI @ 52.70

CMF @ 0.065

Internals were :

UP volume led by 4.61 to 1 in NYSE & 3.80 to 1 in Nasdaq

Advancing stocks led by 3.22 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new lows were leading by 41 in NYSE & 70 in Nasdaq

VIX Down 11.47% @ 21.38

Oil @ $69.33

Gold @ $1941.10

Canadian $ @ .6264

Portfolio ARKK AI SHOP

Stocks which were UP 4% or more included ARKK AI SHOP

LSPD COIN RUN TTD EXAS JKS RIOT APA SPWR

AFRM PYPL ROKU DKNG SNOW CSIQ LYFT

DOCU DDOG ENPH SEDG TWLO TSLA SPLK

SNAP SLB.....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE closed higher @ high of the day. Most of the sectors participated in this strong close, even regional Banks joined the party. It is all about Fed policy statement and Interest rate decision @ 2 PM tomorrow, expect a complete U turn in policy statement  which should see a very powerful rally by close.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Bought SARK @ 40.39 on a more hawkish than expected Fed

Stocktrader

Stocks100 said...


Hi Stocktrader,

Added 40% ARKK @ $39.30

Good luck with SARK....

Saleem

stocktrader_1996 said...

Hi Saleem,

Nice pickup on the dip!

I have been so wrong about the market effects so far in this mini-crisis and it's disheartening to see the portfolio gains disappear when some of my prior holdings have been rallying nicely.

I want to hear from tech businesses about the impact they are seeing, but those reports are a month away still.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Do not undersell your research & conclusions, you have been decidedly correct about your majority of your trades.

Even today you are proven correct @ bell.

Market gives everybody many chance to be correct on select days.

Cheer UP.....

Good luck with your short positions....

Saleem

stocktrader_1996 said...

Hi Saleem,

Thank you for the confidence boost! The market is very humbling sometimes and having people lift you up can help you make it through :)

Stocktrader