Thursday, August 3, 2023

Indices closed down .10% to .25%....

 Indices closed down again on rate & earnings jitters.

S&P 500 @ 4501.88, low 4485.54, high 4519.49

RSI @ 51.86

Internals were :

Down volume led by 1.30 to 1 in NYSE & .51 to 1 in Nasdaq

declining stocks led by 1.84 to 1 in NYSE & 1.20 to 1 in Nasdaq

Net new highs were leading by 20 on NYSE & lows by 45 in Nasdaq

VIX Down 1.06% @ 15.92

Oil @ $81.55

Gold @ $1968.80

Canadian $ @ .6654

AH Futures UP

In my portfolio Added 75% PLTR @ $18.77

Portfolio PLTR SHOP BTCC

Today's closing Internals giving me lot of hope that this mini selling may have played out, VIX being down and no real panic to rising 10 year around 4.19% is comforting. AMZN earnings was very good as It IS a major turnaround story.

BLOG does NOT give buy or sell.

Saleem

4 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with more PLTR!

The market has stayed extremely resilient in the face of many negative factors - a good sign for bullish moves if the jobs data is tame.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Added 10% SHOP @ $59.71 in pre market before jobs data....

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with more SHOP!

I don't think the jobs data was very friendly for the Fed - I wonder if the market will re-think this later in the day or next week.

Stocktrader

Stocks100 said...


Hi Stocktrader,

No one data defines anything especially jobs data which is the most inaccurate which IS adjusted UP or DOWN every month.....many issues have been discounted by TAPE already....should be a " neutral market going forward "

Saleem