Thursday, May 25, 2023

Indices closed mixed....

 Indices closed mixed.

S&P 500  @ 4151.28, high 4165.74, low 4129.73

RSI @ 52.98

CMF @ 0.044

Internals were :

Down volume led by 2.28 to 1 in NYSE & 1.22 to 1 in Nasdaq

Declining stocks led by 1.98 to 1 in NYSE & 2.08 to 1 in Nasdaq

Net new lows were leading by 132 in NYSE & 115 in Nasdaq

VIX Down 4.44% @ 19.14

Oil @ $71.83

Gold @ $1943.70

Canadian $ .6359

In my portfolio:

Sold 46% ARKK @ 38.50

Added 60% AI @ $27.59

Portfolio ARKK AI SHOP

Stocks which closed UP 2% or more included AI

DAL AAL PLTR CCL AMAT MU TSM SCHW

AMD MSFT NXPI TOL ZM NTAP LITE 

SEDG ELF TER ASML NVDA LRCX

EXPE GOOG NTNX ORCL MS....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed in a stellar day where few stocks outperformed in the name of AI. On a day when Nasdaq was UP 1.71% internals were negative, never saw that before. Extremely narrow UP moves happening in this market.

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...


Hi Stocktrader,

Added 12% SHOP @ $58.60

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more SHOP!

I cancelled my order for BMBL.

Also, sold TOST @ 21.94

Bought 2x SARK @ 40.66 and 40.57

With inflation remaining persistent, I worry that a debt ceiling relief deal will actually keep the Fed in a more aggressive stance so I'm putting on some protection.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SARK.....

Saleem