Wednesday, May 24, 2023

Indices closed down .61% to .77%....

 Indices closed down.

S&P 500 @ 4115.24, low 4103.98, high 4132.96

RSI @ 47.85

CMF @ 0.084

Internals were :

Down volume led by 3.57 to 1 in NYSE & 2.15 to 1 in Nasdaq

Declining stocks led by 3.71 to 1 in NYSE & 2.34 to 1 in Nasdaq

Net new lows were leading by 108 in NYSE & 75 in Nasdaq

VIX UP 8.09% @ 20.03

Oil @ 74.34

Gold @ $1964.60

Canadian $ @ .6402

In my portfolio :

Sold SNAP @ $9.70

Added 25% AI @ $26.61...both in pre market

Portfolio ARKK AI SHOP

Stocks which closed UP 1% or more included AI SHOP

RBLX APA CRM M ROKU PINS SNOW PANW

TOL CRWD ELF BYND TWLO META AMZN

NFLX JWN RH BROS OSTK KBH....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was weak again but closed well above lows of the day. It is waiting game for debt limit negotiations / agreement. NVDA lit the fire in technology stocks in highlighting robust growth in AI.

BLOG does NOT give buy or sell.

Saleem

8 comments:

Stocks100 said...


Hi Stocktrader,

Sold 46% ARKK @ $38.50

Added 60% AI @ $27.59

Saleem

stocktrader_1996 said...

HI Saleem,

Bought AI @ 28.16 on NVDA results and huge short interest

Stocktrader

stocktrader_1996 said...

Hi Saleem,

ARKK has struggled to gain traction in this great NASDAQ run so I think the re-allocation to specific names is a great idea.

Good luck with AI - we both are running for it now!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with AI.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Added a little to IONQ here @ 9.42

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I'm looking to re-enter BMBL as I think dating and friendships will benefit in this economic environment, and potentially could see a boost from AI.

I only got 176 shares filled of a 15k order at 16.70 and 20k shares at 16.65, but hopefully they all go tomorrow...

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with BMBL, hopefully its all filled by 10 AM Friday....

Saleem

Stocks100 said...


Hi Stocktrader,

Good luck with more IONQ....

Saleem