Wednesday, August 23, 2023

Indices closed UP .54% to 1.59%....NICE !!!

 Indices closed near high of the day as yields backed down.

S&P 500 @ 4436.01, high 4443.18, low 4396.44

RSI @ 47.44

Internals were :

UP volume led by 1.87 to 1 in NYSE & 2.24 to 1 in Nasdaq

Advancing stocks led by 3.74 to 1 in NYSE & 2.02 to 1 in Nasdaq

Net new lows were leading by 22 in NYSE & 109 in Nasdaq

VIX Down 5.83% @ 15.98

Oil @ $78.91

Gold @ $1948.10

Canadian $ @ .6455

In my portfolio ...bought TSLA @ $22.14 in Toronto....gets the same % move as NYSE....

AI NVDA PLTR SHOP TSLA BTCC

After hour came shocker that NVDA could do better than last quarterly report and most traders either stayed away from NVDA or shorted for a quick buck.....BUT YES NVDA did way better than last Quarter and predicting massive growth in Q3...NOT because of any double order as stated by geniuses on CNBC....every country / company in this planet is ordering AI chips to enhance productivity, latest to give a huge order was Saudi Arabia which stunned skeptics by giving an order worth $5 Billion of AI chips......

BLOG does NOT give buy or sell.

Saleem

11 comments:

Stocks100 said...


Hi Stocktrader,

Sold AI @ $33.84

Sold PLTR @ $15.74

All in pre market

Saleem

Stock Rookie said...

Congrats on booking profits sir!

Stocks100 said...


Hi Stock Rookie,

Thanks for your feedback, much appreciated.

Saleem

stocktrader_1996 said...

Hi Saleem,

Nice profits - good luck on next buys!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought NVDA @ 476.57

The undisputed leader of the AI revolution - it probably has a glide path to the end of the year now.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Excellent buy....NVDA Rocks!!!

Saleem

Stocks100 said...


Hi Stocktrader,

Bought PLTR @ $13.92

Saleem

Stocks100 said...


Hi Stocktrader,

Bought AI @ $28.50

Saleem

Stock Rookie said...

Good luck with nvda & pltr to both! I bought both myself just now. Thank you!

Stocks100 said...


Hi Stock Rookie,

Good luck on your purchase of NVDA & PLTR...both great AI companies....

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck to everyone in AI-industry picks!!

Stocktrader