Wednesday, May 17, 2023

Indices closed UP 1.19% to 1.28%...NICE!!!

 Indices closed UP.

S&P 500 @ 4158.77, high 4164.67, low 4113.62

RSI @ 56.84

CMF @ 0.073

Internals were :

UP volume led by 4.33 to 1 in NYSE & 4.49 to 1 in Nasdaq

Advancing stocks led by 2.95 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new lows were leading by 15 in NYSE & 58 in Nasdaq

VIX Down 6.23% @ 16.87

Oil @ $72.83

Gold @ $1984.90

Canadian $ @ .6512

In my portfolio added 20% SHOP @ $60.63

Portfolio ARKK LSPD MGM SHOP SNAP 

Stocks which closed UP 2% or more included ARKK LSPD MGM SNAP

SQ AI COIN MRVL DAL JKS UAL NCLH CCL M X WYNN

AAL MSTR CSIQ NXPI PENN DOCU ESTC NVDA RH

TSLA LRCX....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong and closed near high of the day, it was all about hope for a debt ceiling agreement by end of next week. Most stocks participated in this rally including regional banks which makes it quite broad based and technically strong rally. Internals were strong.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi Stocktrader,

Sold LSPD @ $13.57

Added 40% SHOP @ $60.95

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with big winner of the year: SHOP!

Trimmed more IONQ @ 9.44

Stocktrader