Monday, August 21, 2023

Indices closed mixed....

 Indices closed mixed despite rising yield with 10 year hitting highest rate since 2008. 30 year fixed mortgage hit 7.48%. Internals were mostly negative.

S&P 500 @ 4399.77, high 4407.55, low 4360.30

RSI @ 40.45

Internals were :

Down volume led by 1.13 to 1 in NYSE & .84 to 1 in Nasdaq

Declining stocks led by 1.44 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new lows were leading by 99 in NYSE & 169 in Nasdaq

VIX Down .98% @ 17.13

Oil @ $80.72

Gold @ $1923.00

Canadian $ @ .6431

In my portfolio :

Sold CAVA @ $42.25

Bought M @ 414.80....reports before open on Tuesday....

Portfolio AI M PLTR SHOP TSLA BTCC

Today's TAPE was disappointing as DOW & Russell 2000 both closed lower, VIX barely budged....

BLOG does NOT give buy or sell.

Saleem

4 comments:

Stocks100 said...


Hi Stocktrader,

Sold TSLA @ $22.22 in Toronto...

Bought NVDA @ $ 44.75 in Toronto

Saleem

Stocks100 said...


Hi Stocktrader,

Sold M @ $13.22

Added 60% NVDA @ $43.66

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the swaps!

You must think NVDA can have another blowout quarter?

Stocktrader

Stocks100 said...


Hi Stocktrader,

YES YES YES.....NVDA is the only AI high powered chip producer...AMD is 2 Q behind with way less capability.....

SO I believe!!!!

Saleem