Tuesday, May 23, 2023

Indices closed down .69% to 1.26%....

 Indices closed down.

S&P 500 @ 4145.58, low 4142.54, high 4185.68

RSI @ 52.31

CMF @ 0.056

Internals were :

Down volume led by 1.39 to 1 in NYSE & 1.54 to 1 in Nasdaq

Declining stocks led by 1.72 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new lows were leading by 14 in NYSE & highs by 11 in Nasdaq

VIX UP 7.67% @ 18.53

Oil @ $72.91

Gold @ $1974.50

Canadian $ @ .6510

In my portfolio :

Sold MGM @ $40.30

Added 150% AI @ $26.97

Portfolio ARKK AI SHOP SNAP

Stocks which closed green included SNAP

SQ RUN SAL UAL APA VVJ BMBL

MTCH PAAS PINS IBM CSIQ ESTC

CVX MRNA TWLO OXY LNG

YELP JKS.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE closed @ low of the day, Nasdaq was the weakest. This was a normal day in a wait & see to debt limit progress, so far reports indicating that progress is being made. Internals were weak. It was a good day to rejuggle portfolio.

BLOG does NOT give buy or sell.

Saleem

4 comments:

Stocks100 said...


Hi Stocktrader,

Sold SNAP @ $9.70

Added 25% AI @ $26.61

all in pre market....

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more AI!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Trimmed a little from multiple top positions to raise ~20% cash

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with 20% cash for your strategy....

Saleem