Friday, August 18, 2023

Indices closed mixed....

 Yield kept climbing but US stock market showed sign of stabilization by closing mixed. Nasdaq was the weakest again.

S&P 500 @ 4369.71, low 4335.31, high 4381.82

RSI @ 34.54

Internals were :

UP volume led by 1.68 to 1 in NYSE & 1.18 to 1 in Nasdaq

Advancing stocks led by 1.16 to 1 in NYSE & 1.18 to 1 in Nasdaq ( not a typo )

Net new lows were leading by 123 in NYSE & 227 in Nasdaq

VIX Down 3.30% @ 17.30

Oil @ $81.25

Gold @ $1916.50

Canadian $ @ .6437

In my portfolio :

Bought CAVA @ $43.25

Bought TSLA in Toronto @ $20.05

Here is my portfolio weighting @ 80% exposure :

SHOP     54.97%

AI           14.58%

TSLA     12.34%

PLTR     11.68%

CAVA      6.17%

BTCC       .26%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem


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