Thursday, May 18, 2023

Indices closed UP .34% to 1.51%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4198.05, high 4202.20, low 4153.50

RSI @ 61.40

CMF @ 0.120

Internals were :

Up volume led by 1.37 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 1.30 to 1 in NYSE & 1.14 to 1 in Nasdaq

Net new highs were leading by 68 in NYSE & 12 in Nasdaq

Oil @ $71.86

Gold @ $1959.80

Canadian $ .6490

In my portfolio :

Sold LSPD @ $13.57

Added 40% SHOP @ $60.95

Portfolio ARKK MGM SHOP SNAP

Stocks which closed UP 1% or more included ARKK MGM SNAP

SQ SPOT EXAS MRVL PLTR JKS CNX AFRM MU AAPL

ROKU WYNN LVS PENN QRVO SWKS AMD SNOW 

CSIQ INTC ZI ZM CRWD EAT NVDA LRCX 

NFLX TSLA JWN RH MA AMZA....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed @ high of the day and @ highest point since August 2022, a real breakout, an eight month resistance is taken out, Nasdaq looking very strong. Nasdaq closed strongest a runaway situation. Semiconductors came alive and raced higher with NVDA making a new high.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...


Hi Stocktrader,

Sold SNAP @ $9.60

Added 25% SHOP @ $60.58

Saleem

Stocks100 said...


Hi Stocktrader,

Bought AI @ $25.71

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck on the comfort picks that have worked for you already this year!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

I've had a 8.75 limit buy order for adding to IONQ that hasn't hit for nearly a day after I put in the order yesterday afternoon. Maybe some late day profit taking will fill it!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with a firm order on IONQ....

Saleem

stocktrader_1996 said...

Hi Saleem,

I just ended up going for 8.85

It's too important of an idea to be anything less than fully positioned.

Stocktrader