Friday, May 26, 2023

Indices closed UP 1.00% to 2.19%...NICE !!!

 Indices closed UP on optimism about debt ceiling and AI push by technology companies. Internals were strong. Nasdaq was the strongest and almost took 13000 out.

S&P 500 @ 4205.45, high 4212.87, low 4156.16

RSI @ 59.43

CMF @ 0.027

Internals were :

UP volume led by 2,41 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 2.43 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new highs were leading by 14 in NYSE & lows by 16 in Nasdaq

VIX Down 6.22% @ 17.95

Oil @ $72.67

Gold @ $1943.70

Canadian $ @ .6369

Stocks which were UP 2% or more included AI SHOP

SNAP MRVL PLTR PDD AMAT MU CRM TSM

ROKU BMBL QCOM QRVO SWKS FCX AMD

INTC MSFT NXPI PENN DOCU CIEN CRWD

ESTC LITE NVDA META TSLA LRCX 

AMZN NFLX JWN IONQ,,,,

In my portfolio added 12% SHOP @ $58.60

Here is my portfolio weighting...highly concentrated..

SHOP      53.55%

AI            26.48%

ARKK     19.97%

Next post by 6 PM on Monday.

Enjoy your long weekend!

BLOG does NOT give buy or sell.

Saleem


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