Wednesday, May 3, 2023

Indices closed down .46% to .80%....

 Indices closed down.

S&P 500 @ 4090.75, low 4088.86, high 4148.30

RSI @ 49.05

CMF @ 0.116

Internals were :

Down volume led by 1.87 to 1 in NYSE & 2.74 to 1 in Nasdaq

Declining stocks led by 1.44 to 1 in NYSE & 1.00 to 1 in Nasdaq

net new lows were leading by 42 in NYSE & by 201 in Nasdaq

VIX UP 3.15% @ 18.34

Oil @ $68.60

Gold @ $2037.00

Canadian $ @ .6389

Portfolio ARKK AI SHOP SNAP SQ

 Stocks which closed green included AI SQ

LSPD SPOT RUN EXAS LULU HST

AMAT BMBL DASH INTC LYFT

TOL UBER DDOG ENPH PHM

LTHM CMG.....

AH Futures Mixed

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE closed @ low of the day thanks to hawkish Q&A. Internals were negative. Few stocks bucked the trend as listed in gainers. Real market trend should emerge by Thursday close. Another regional bank was collapsing after hours.

BLOG does NOT give buy or sell.

Saleem

at

6 comments:

  1. Stocks100May 4, 2023 at 7:10 AM


    Hi Stocktrader,

    Added 500% AI @ $17.50

    Added 150% SNAP @ $7.96

    Saleem

    ReplyDelete
  2. stocktrader_1996May 4, 2023 at 7:34 AM

    Hi Saleem,

    Good luck on the new adds!

    Great win on SHOP!

    Stocktrader

    ReplyDelete
  3. stocktrader_1996May 4, 2023 at 7:36 AM

    Hi Saleem,

    Sold LYB @ 88.63 on possibly peak earnings power with economic weakness looming

    Bought WAL @ 13.78 on the massive declines but strong balance sheet and earnings power - the declines have to stop somewhere

    Stocktrader

    ReplyDelete
  4. Stocks100May 4, 2023 at 7:42 AM


    Hi Stocktrader,

    Thanks for your feedback re SHOP....

    Good luck with WAL

    Saleem

    ReplyDelete
  5. stocktrader_1996May 4, 2023 at 7:44 AM

    HI Saleem,

    Added a little more @ 11.95

    Stocktrader

    ReplyDelete
  6. Stocks100May 4, 2023 at 8:10 AM


    Hi Stocktrader,

    Looks like WAL may trade in $18.50 area after halt is lifted$$$$

    Saleem

    ReplyDelete