Friday, April 14, 2023

Indices closed down .21% to .42%....

 Indices closed down but well off lows of the day. Weekly options expiry played a bigger role than VIX kissing 52 week lows.

S&P 500 @ 4137.64, low 4113.20, high 4163.19

RSI @ 62.56

CMF @ 0.194

Internals were :

Down volume led by 1.67 to 1 in NYSE & 1.72 to 1 in Nasdaq

Declining stocks led by 2.00 to 1 in NYSE & 2.07 to 1 in Nasdaq

Net new highs were leading by 25 in NYSE & lows by 150 in Nasdaq

VIX Down 4.10% @ 17.07...52 wk lows 17.06

Oil @ $82.52

Gold @ $2015.80

Canadian $ @ .6617

Stocks which were UP 1% or more included SHOP

COIN DAL LULU NIO PYPL GE TECK SWKS

LAC LYFT ESTC EAT PHM NVDA EXPE LVS

GOOG SLB MS ULTA SWKS CMG.... 

Added 50% LSPD @ $14.14

Here is my portfolio weighting 87% exposure :

ARKK         44.71%

SHOP        40.10%

LSPD          9.04%

SQ              6.15%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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