Thursday, July 6, 2023

Indices closed down .79% to 1.64%....

 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:

stocktrader_1996 said...

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

Stocks100 said...


Hi Stocktrader,

Good luck with TZA....

Saleem