Friday, August 4, 2023

Indices closed down .36% to .53%....

Indices closed down in a stunning reversal from high of the day to low of the day while 10 year went down sharply...try to figure this out....

S&P 500 @ 4478.03

RSI @ 47.94

Internals were :

Down volume led by 1.44 to 1 in NYSE & 1.68 to 1 in Nasdaq

Declining stocks led by .82 to 1 in NYSE & 1.14 to 1 in Nasdaq

Net new highs were leading by 68 in NYSE & lows by 43 in Nasdaq

VIX UP 7.41% @ 17.10....highest in months

Oil @ $82.82

Gold @ $1976.10

Canadian $ @ .6658

In my portfolio added 10% SHOP @ $59.71

Here is my portfolio weighting 60% exposure :

SHOP       67.81%

PLTR       30.27%

BTCC       1.92%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


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