Thursday, May 11, 2023

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4130.62, low 4109.29, high 4132.80

RSI @ 53.60

CMF @ 0.107

Internals were :

Down volume led by 2.42 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 2.27 to 1 in NYSE & 1.67 to 1 in Nasdaq

Net new lows leading by 55 in NYSE & 134 in Nasdaq

VIX Down 0.06% @ 16.93

Oil @ $70.87

Gold @ $2020.50

Canadian $ @ .6507

Portfolio ARKK AI SHOP SNAP SQ

Stocks which closed green included ARKK SNAP

RBLX XPEV JD PDD NIO FSLR MGA HOOD

MU M ROKU MGNI BIDU TOL DDOG KBH

ELF META TSLA AMZN BABA GOOG OXY

NFLX RH ULTA CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed on uncertainty about debt ceiling in USA. Internals were negative. Nasdaq showing relative strength and showing technical strength. Friday is weekly option expiry which should create exaggerated moves in market and related stocks.

BLOG does NOT give buy or sell.

Saleem

8 comments:

stocktrader_1996 said...

HI Saleem,

Trimmed some PINS and added to SYM on the dip.

I'm trying to keep more overweight in positions above moving averages.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Trimmed ENPH, added to SYM for the same reason.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold 50% SHOP @ $62.40

Bought MGM @ $42.29

Good luck with more & more = overweight SYM

Saleem

stocktrader_1996 said...

Hi Saleem,

Nice profits on SHOP! Good luck with MGM :)

Sold DDOG @ 86.95 to take profits and have cash for opportunities

Stocktrader

Stocks100 said...


Hi Stocktrader,

Nice trade in DDOG...

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought LYFT @ 8.15 on washed out sentiment and potential catalysts with the new CEO

As the only ride-hailing company besides Uber, it seems like a $3B valuation is too cheap.

Stocktrader

stocktrader_1996 said...

HI Saleem,

Added to HIMS @ 10.79 on great story and bounce off support

Added small to TOST @ 19.37 on this pullback

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with LYFT and more HIMS & TOST

Saleem