Monday, May 1, 2023

Indices closed down .04% to .14%...

 Indices closed down.

S&P 500 @ 4167.87, low 4164.12, high 4186.92

RSI @ 60.82

CMF @ 0.203

Internals were :

Down volume led by 1.28 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new highs were leading by 89 in NYSE &  lows by 97 in Nasdaq

VIX UP 1.90% @ 16.08

Oil @ $75.66

Gold @ $1992.20

Canadian $ @ .6452

Portfolio ARKK AI SHOP SNAP SQ

Stocks which were UP 1% pr more included AI

SPOT MGM MRVL RBLX DAL LULU UAL 

NCLH GE BYD RCL WYNN AAL DASH

DKNG LYFT PENN UBER UPS NVDA

META LVS MCD....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed slightly down after spirited run last week. Fed meeting & action on 2PM Wednesday should be a net positive for bullish action. Regional Bank failures and resulting weakness in Major Banks is a wakeup call to Fed policies and lack of focus on impact of their actions.

BLOG does NOT give buy or sell.

Saleem

2 comments:

  1. Hi Saleem,

    Sold KRUS @ 66.78 pn fair valuation given a slowing economy

    Bought SYM @ 23.29 on promising results and momentum and pullback into support

    Stocktrader

    ReplyDelete

  2. Hi Stocktrader,

    Good luck with SYM.

    Saleem

    ReplyDelete