Monday, April 10, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4109.11, high 4109.50, low 4072.55

RSI @ 61.14

CMF @ 0.333

Internals were :

UP volume led by 2.33 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 1.63 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new highs were leading by 2 in NYSE & lows by 117 in Nasdaq

VIX UP 3.10% @ 18.97

Oil @ $79.74

Gold @ $2003.80

Canadian $ @ .6461

Portfolio ARKK LSPD SHOP SQ

Stocks which closed UP 1% or more included

AI COIN TTD MRVL JKS TPR UAL NCLH 

RIOT CNX APA OXY AMAT NTR MOS 

FSLR SPWR AFRM MGA MU X BYD JBLU 

RCL QCOM SCHW CLF MSTR DASH 

AMD SNOW CSIQ LYFT CIEN ENPH 

LITE ELF TER NKE LRCX JWN RH

BROS ULTA.....

AH futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE slumped @ open BUT fought its way bavk to green, Nasdaq missed by 3 points, this was very impressive to have a strong close. Internals were positive. SOX was the star of the day with Samsung cut in production of memory chips. Tuesday should be a good day for bulls.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed some SOXS @ 18.25

As per my weekend writeup I realized I had too much short exposure. It's a shame I didn't act more quickly yesterday morning but proper positioning is important no matter the price.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with your long / short strategy....

Saleem