Friday, July 14, 2023

Indices closed mixed....

 Indices faced an overbought market and went south in a hurry.

S&P 500 @ 4505.42, low 4499.56, high 4527.76

RSI @ 69.73

CMF @ 0.078

Internals were :

Down volume led by 4.40 to 1 in NYSE & 1.49 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.30 to 1 in Nasdaq

Net new highs were leading by 236 in NYSE & 111 in Nasdaq

VIX Down 1.98% @ 13.34

Oil @ $75.42

Gold @ $1964.40

Canadian $ @ .6792

In my portfolio :

Sold 75.58% SHOP @ $68.88

Sold PLTR @ $16.45

Here is my portfolio weighting of current exposure @ 65%:

AI                59.61%

***SHOP    24.42%****

AMD          8.73%

TSLL         5.14%

BTCC       2.10% 

****Have 2 brokerage account, main is TD Webbroker & Wealthsimple which is No Fee 80% equity in TD & 20% in WS....thus missed selling SHOP today in WS IN FRENZY....

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

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