Thursday, August 24, 2023

Indices closed down 1.08% to 1.87%....

 Indices closed down on sell the news of NVDA & Fed speech @ 10 AM on Friday.

S&P 500 @ 4376.31, low 4375.55, high 4458.30

RSI @ 40.03

Internals were :

Down volume led by 1.57 to 1 in NYSE & 4.34 to 1 in Nasdaq

Declining stocks led by 2.95 to 1 in NYSE & 2.57 to 1 in Nasdaq

Net new lows were leading by 53 in NYSE & 177 in Nasdaq

VIX UP 7.63% @ 17.20

Oil @ $79.05

Gold @ $1947.10

Canadian $ @ .6431

In my portfolio :

Sold AI @ $33.84 in pre market

Sold PLTR @ $15.74 in pre market

Bought AI @ $28.50

Bought PLTR @ $13.92

Portfolio AI NVDA PLTR SHOP TSLA BTCC

Today was a classic day where being optimistic has to be mixed with ongoing realism as we all knew about Fed speak on Friday, BUT we all forget next news may be more important than news @ hand ie NVDA blowout report.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed TZA @ 28.95 to take some profits

Bought TOST @ 20.77 on a great quarter and a chart pulling back into resistance

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Trimmed more TZA @ 28.32 as it seems market positioning and sentiment is more in balance now

Bought IONQ @ 14.47 to re-enter one of my favorite future tech plays

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good move in TZA...worth every $$$$ in profit..

Good luck with TOST & IONQ....

Saleem