Friday, June 9, 2023

Indices closed UP .11% to .16%...NICE !!!

 Indices closed in green despite overbought condition. Internals were negative.

S&P 500 @ 4298.86, high 4322.62, low 4291.70

RSI @ 65.78

CMF @ 0.066

Internals were :

Down volume led by 1.34 to 1 in NYSE & 1.12 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new highs were leading by 114 in NYSE & 37 in Nasdaq

VIX UP 1.32% @ 13.83

Oil @ $70.47

Gold @ $1977.20

Canadian $ @ .6654

Stocks which closed UP 2% or more included SHOP AI

LSPD NCLH CCL TJX CRM TSM QCOM DASH

AMD MTCH ESTV TSLA EXPE NFLX ORCL

In my portfolio :

Sold 97.06% ARKK @ $42.85

Sold 91.24% AI @ $36.90

Here is my portfolio weighting on 50% exposure:

MRVL      53.27%

SHOP      32.68%

AI              8.76%

ARKK       2.94%

BTCC.TO 2.35%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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