Indices closed well above lows of the day. Russell 2000 was the weakest.
Here are the closing RSI for Indices & my portfolio :
S&P 500 60.92
Nasdaq 60.83
DOW 50.59
IWM 49.55
BTCC-U.TO 60.49
PLTR 56.80
AI 56.48
SHOP 48.23
Based on the above RSI numbers Russell 2000 ( IWM ) & SHOP looking deeply oversold.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Bought TZA @ 27.30 for a trade
I think the labor numbers reflect worrying signs that the job market remains tight enough where wages will continue to rise even in the face of slowing job gains - there just isn't enough labor supply to handle all the needs of the economy.
Also, the 10-yr seems to have broken to the upside and I look towards 4.25% as the next stop.
Stocktrader
Hi Stocktrader,
Good luck with TZA....
Saleem
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