Friday, May 12, 2023

Indices closed down .03% to .35%....

 Indices closed down but off the worst level of the day, weekly option expiry played a role.

S&P 500 @ 4124.08 low 4099.12, high 4143.74

RSI @ 52.57

CMF @ 0.114

Internals were :

Down volume led by 1.61 to 1 in NYSE & 1.68 to 1 in Nasdaq

Declining stocks led by 1.46 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new lows were leading by 81 in NYSE & 177 in Nasdaq

VIX UP .59% @ 17.03

Oil @ $70.04

Gold @ $2019.80

Canadian $ @ .6455

Stocks which closed green included EXAS TPR CNX

AMAT FSLR TJX TECK SCHW FCX IBM NXPI

DDOG ENPH SEDG EAT ELF FFIV GOOG

NTNX ORCL MCD ULTA PANW....

In my portfolio :

Sold 50% SHOP @ $62.40

Bought MGM @ $42.29

Here is my portfolio weighting :

ARKK         34.67%

SHOP        23.57%

SQ            12.78%

MGM       11.46%

AI           11.17%

SNAP     6.41%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

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