Tuesday, May 16, 2023

Indices closed down .18% to 1.01%....

 Indices closed down.

S&P 500 @ 4109.90, low 4109.86, high 4135.54

RSI @ 50.03

CMF @ 0.055

Internals were :

Down volume led by 5.72 to 1 in NYSE & 1.63 to 1 in Nasdaq

Declining stocks led by 4.05 to 1 in NYSE & 2.28 to 1 in Nasdaq

Net new lows were leading by 68 in NYSE & 130 in Nasdaq

VIX UP 5.08% @ 17.99

Oil @ $70.86

Gold @ $1933.00

Canadian $ @ .6541

In my portfolio :

Sold SQ @ $55.32

Bought SHOP @ $60.52

Portfolio ARKK LSPD MGM SHOP

Stocks which closed green included SPOT TTD

RBLX DAL UAL JD CRM TSM RCL LAC

BIDU AMD CSIQ MSFT ZI TOL DHI PHM

NVDA TSLA LRCX AMZN GOOG OLED

LAC ORVL CMG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ low of the day. Internals were negative. Only technology performed well especially semiconductors & chips / Chip equipment makers. It IS the Washington stalemate which may go to the last second of deadline and markets may be in turmoil unless serious progress is made.

BLOG does NOT give buy or sell.

Saleem

5 comments:

stocktrader_1996 said...

Hi Saleem,

Good to trim stocks that aren't performing as expected. Good luck with SHOP again!

Trimmed IONQ @ 8.81 to take profits and reduce the major overweight it had become.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick$$$$$

Saleem

Stocks100 said...


Hi Stocktrader,

Added 20% SHOP @ $60.63

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more SHOP!

Added to LYFT @ 8.35

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more LYFT...

Saleem