Wednesday, May 31, 2023

Indices closed down .41% to .63%....

 Indices closed down.

S&P 500 @ 4179.83, low 4166.15, high 4195.44

RSI @ 55.27

CMF @ 0.046

Internals were :

Down volume led by 1.56 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by 1.39 to 1 in NYSE & 1.37 to 1 in Nasdaq

Net new lows were leading by 126 in NYSE & 152 in Nasdaq

VIX UP 2.75% @ 17.94

Oil @ $68.08

Gold @ $1982.10

Canadian $ @ .6406

In my portfolio Bought AI @ $38.80

Portfolio ARKK AI MRVL SHOP

Stocks which closed UP 1% or more included ARKK

LSPD SQ COIN RBLX JD CNX NIO TECK CRM

SAVE PAAS AAL PFE SNOW INTC NEM ZM

DDOG TWLO TSLA AEM BABA SOFI LNG

NTNX MSTR....

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE was weak on weak Chinese data. It was a weak close reflecting pullback from massive gains in AI related stocks. AH earnings reports did not fared well @ all, worst one was AI which guided in line after huge run. It IS important to re-evaluate every stock on near term prospects. YES this TAPE remains tough. There is excitement tonight on Final passage of Debt ceiling.

BLOG does NOT give buy or sell.

Saleem

12 comments:

Stocks100 said...


Hi Stocktrader,

Added 150% AI @ $32.98 in pre market

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more AI!

I am also looking at a potential repurchase.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought AI @ 33.00

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with AI only pure AI play in planet earth$$$

Saleem

stocktrader_1996 said...

Hi Saleem,

Rebought SYM @ 33.00
Rebought IONQ @ 10.57

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SYM & IONQ...all winners for you$$$$

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought TOST @ 21.10 on best in class restaurant software and continued momentum

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with TOST.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Added a little more to RCL TOST AI with remaining funds

100% invested again

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more of RCL TOST & AI.....more is BETTER...

Saleem

Stocks100 said...


Hi Stocktrader,

Added 25% AI @ $34.90

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more AI - still in early innings likely on this trade

Stocktrader