Thursday, July 20, 2023

Indices closed mixed....

 DOW closed in green and @ highest close in months.

Nasdaq took it on the chin with a slump of 2.05%

RSI is telling an interesting story NOW :

DOW @ 71.49

S&P 500 @ 67.94

Nasdaq @ 61.18

SO...all of a sudden Nasdaq is a bargain & DOW overbought....how times changed overnight....

In my portfolio :

Sold AMD in Canada @ $21.74

Added 100% SHOP @ $66.79.....

Portfolio AI PLTR SHOP BTCC

Todays selling was courtesy of EUPHORIA & so so earnings from NFLX & TSLA.....

BUT It COULD be a 1 DAY selling......shall see by close....

BLOG does NOT give buy or sell.

Saleem


5 comments:

stocktrader_1996 said...

Hi Saleem,

My favorite survey: https://www.aaii.com/sentimentsurvey

Bullish sentiment highest in more than 2 years.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Saw that yesterday and duly noted it.

Things are changing BUT rotation IS ON...RSI works!!!

Good luck with your take AAII.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Added 50% to JETD @ 20.84 on a potential peak in consumer "rebound" travel

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to TZA @ 23.16 with remaining cash

There wasn't really anything I wanted to buy, so I thought maybe put the cash here.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good move in more JETD....your thesis stands....that IS the reason I have avoided UAL my Fav & DAL....all is not well in the skies....

Good luck with JETD & TZA

Saleem