Indices closed UP and @ high of the day, BUT Nasdaq Internals were all NEGATIVE ???
S&P 500 @ 4518.44, high 4519.84, low 4491.15
RSI @ 54.24
Internals were :
UP volume led by 1.91 to 1 in NYSE & .72 to 1 in Nasdaq
Advancing stocks led by 1.70 to 1 in NYSE & .90 to 1 in Nasdaq
Net new highs were leading by 74 in NYSE & lows by 101 in Nasdaq
VIX Down 7.78% @ 15.77
Oil @ $81.94
Gold @ $1970.00
Canadian $ @ .6658
In my portfolio Sold PLTR in pre market @ $18.25
Portfolio SHOP BTCC
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Trimmed 2/3rd SQQQ @ 18.99
Trimmed 1/3rd JETD @ 23.50
Bought AGCO @ 128.76
Added to HIMS @ 7.52
A huge decline on "old news" is a perfect day to let go of some hedges as the QQQ has pulled back all the way into support. I also took some profits in JETD after outsized gains.
I think the commodity story is here to stay, hence the AGCO purchase after good earnings.
The HIMS report showed continued revenue and subscriber growth, so I remain positive on the story - I think it has a long way to run.
I have one position cash looking for the right purchase - think either consumer discretionary like PLAY or a tech favorite like IONQ.
Stocktrader
Hi Saleem,
Bought PLAY @ 42.17
With improving margins and a stock buyback, the valuation seems too cheap here.
I also expect a "trade down" in experiences if the economy slows, and PLAY fits this thesis perfectly.
Stocktrader
Hi Stocktrader,
Good day to book outsized profit or any size.
Good luck with more of HIMS and new AGCO & PLAY....
Saleem
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