Tuesday, August 1, 2023

Indices closed mixed....

 Indices closed mixed with internals being negative.

S&P 500 @ 4576.73

RSI @ 66.76

Internals were :

Down volume led by 2.37 to 1 in NYSE & 1.28 to 1 in Nasdaq

Declining stocks led by 2.16 to 1 in NYSE & 1.67 to 1 in Nasdaq

Net new highs were leading by 152 in NYSE & 8 in Nasdaq

VIX UP 2.20% @ 13.93

Oil @ $81.33

Gold @ $1978.80

Canadian $ @ .6706

In my portfolio :

Sold PLTR @ $19.65 in pre market

Added 150% NVDA @ $44.00 in Toronto

Portfolio NVDA SHOP BTCC

TAPE showed weakness from pre market to a mixed close. In this type of market one must react either to lock any gains & be positioned to buy more with a pre set buy price....I did BOTH.

Market may show more weakness on rate going UP further and breaking UPPER range or on Fitch downgrade of US to AA+.....no matter what...one must have their own game plan NOT CNBC plan of panic & overreaction.....

BLOG does NOT give buy or sell.

Saleem

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4 comments:

  1. Stocks100August 2, 2023 at 5:02 AM


    Hi Stocktrader,

    Bought PLTR @ $19.39 in pre market.

    Saleem

    ReplyDelete
  2. Stocks100August 2, 2023 at 7:29 AM


    Hi Stocktrader,

    Added 250% PLTR @ $18.87

    Saleem

    ReplyDelete
  3. Stocks100August 2, 2023 at 8:26 AM


    Hi Stocktrader,

    Sold NVDA @ $43.20

    Saleem

    ReplyDelete
  4. stocktrader_1996August 2, 2023 at 8:46 AM

    Hi Saleem,

    I will admit PLTR is of some interest to me also, but I'm playing everything pretty cautiously for now.

    Good luck on the PLTR positioning and next picks!

    Stocktrader

    ReplyDelete