Monday, May 8, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4138.12, high 4142.30, low 4123.81

RSI @ 55.01

CMF @ 0.062

Internals were :

UP volume led by 1.19 to 1 in NYSE & 2.03 to 1 in Nasdaq

Declining stocks led by 1.14 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new highs were leading by 38 in NYSE & lows by 31 in Nasdaq

VIX Down 1.22% @ 16.98

Oil @ $73.16

Gold @ $2033.20

Canadian $ @ .6638

In my portfolio added 125% SQ @ $58.45

Portfolio ARKK AI SHOP SNAP SQ

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

LSPD TTD RBLX PLTR UAL CCL AFRM RCL AAL

LAC PINS AMD SNOW PANW ZI CRWD UBER

DDOG ENPH TWLO NFLX AMD....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed with Nasdaq being relatively stronger. Internals were mixed. Few stocks are showing strength while others are taking a breather. After hours earnings report is mixed. Keep an eye on rotation which is ongoing.

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

Sold SPOT @ 144.11 to raise cash for today

I will probably rebuy this as I believe in the story but couldn't trim others due to buys from yesterday.

Bought HIMS @ 10.90

After great earnings and guidance, I'll take a new position in this health and wellness subscription company.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with HIMS.....

Saleem