Indices closed mixed.
S&P 500 @ 4205.52, high 4231.10, low 4192.18
RSI @ 59.44
CMF @ 0.042
Internals were :
Down volume led by 1.40 to 1 in NYSE & .63 to 1 in Nasdaq
Declining stocks led by 1.12 to 1 in NYSE & 1.20 to 1 in Nasdaq
Net new highs were leading by 5 in NYSE & lows by 17 in Nasdaq
VIX unchanged @ 17.46
Oil @ $69.46
Gold @ $1977.10
Canadian $ @ .6400
In my portfolio :
Bought MRVL @ $62.00
Sold AI @ $41.00
Portfolio ARKK MRVL SHOP
Stocks which closed UP 1% or more included ARKK AI
IONQ RIOT LSPD COIN RUN TTD PLTR SPWR
AFRM PYPL CRM AAPL ROKU QCOM MSTR
SNOW INTC ZI ESTC ENPH ELF NVDA
TWLO TSLA NFLX RH AMZN.....
AH Futures Mixed
AH Asian Markets Down
AH Oil & Gold UP
About market, TAPE closed mixed with Nasdaq @ sky high valuation BUT DOW plus Russell 2000 in dog house. Have not witnessed such a huge deviation in key indices. Tomorrow is last day of May, sell in May & go away may be a good strategy until next earnings report.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Bought RCL @ 78.97 on this small dip in overall relative strength
The job market remains strong and consumers are spending on experiences over all else. Additionally, we may be seeing a positive turn in input costs for the industry.
Stocktrader
Hi Stocktrader,
Good luck with RCL....best of breed$$$
Saleem
Hi Saleem,
Sold SARK @ 39.75 as I don't need a short hedge anymore for the portfolio after lessening risk recently. I'd rather have available cash for opportunities as I feel the market generally will grind higher from here.
Stocktrader
Hi Stocktrader,
Good luck with next picks....
Saleem
Hi Stocktrader,
Bought AI @ $38.80
Saleem
Hi saleem,
Good luck with AI again!!
Stocktrader
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