Thursday, May 4, 2023

Indices closed down .49% to .86%....

 Indices closed down.

S&P 500 @ 4061.22, low 4048.28, high 4082.61

RSI @ 45.27

CMF @ 0.083

Internals were :

Down volume led by 2.06 to 1 in NYSE & 1.25 to 1 in Nasdaq

Declining stocks led by 2.25 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new lows were leading by 255 in NYSE & 414 in Nasdaq

VIX UP 9.54% @ 20.09

Oil @ $68.56

Gold @ $2055.70

Canadian $ @ .6424

In my portfolio :

Added  500% AI @ $17.50

Added 150% SNAP @ $7.96

Portfolio ARKK AI SHOP SNAP SQ

Stocks which were UP 2% or more included ARKK AI SHOP

LSPD EXAS XPEV JD HST NIO RCL MSTR BIDU AMD

GOLD INTC NEM AEM ZM DDOG SEDG MRNA OLED..

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, closed lower on ongoing regional bank troubles. Internals were negative. After hours earnings were mostly positive which bodes well for this oversold market.

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Sold BMBL @ 19.00

The results were fine but the valuation is high and the business momentum is still lacking.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick...

Saleem

stocktrader_1996 said...

Hi Saleem,

Added to PINS @ 20.77 making it a double weight position

The uniqueness of the platform and multiple opportunity levers from here makes it an extremely attractive price in my opinion, with strategic buyers, public and private, salivating at the price drop post-earnings given its solid earnings power already.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more PINS....

Saleem

stocktrader_1996 said...

Hi Saleem,

I would normally sell at least half of WAL today but I'm on restrictions with it until Monday. Hopefully the weekend is kind!

Stocktrader

Stocks100 said...


Hi Stocktrader,

I am sure Monday will bring more $$$$ and bigger smile on WAL

Good luck

Saleem