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

4 comments:

Stocks100 said...


Hi Stocktrader,

Bought PLTR @ $19.39 in pre market.

Saleem

Stocks100 said...


Hi Stocktrader,

Added 250% PLTR @ $18.87

Saleem

Stocks100 said...


Hi Stocktrader,

Sold NVDA @ $43.20

Saleem

stocktrader_1996 said...

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