Tuesday, September 12, 2023

Indices closed down .05% to 1.04%.....

 Indices closed down to see how inflation data CPI & PPI comes on Wednesday & Thursday. Indices closed near low of the day.

S&P 500 @ 4461.90, low 4456.83, high 4487.11

RSI @ 49.73

Internals were :

Down volume led by .81 to 1 in NYSE & .85 to 1 in Nasdaq

Declining stocks led by 1.15 to 1 in NYSE & 1.24 to 1 in Nasdaq

Net new lows were leading by 33 in NYSE & 135 in Nasdaq

VIX UP 3.12% @ 14.23

Oil @ $88.84

Gold @ $1935.10

Canadian $ @ .6443

In my portfolio :

Sold AAPL @ $26.31

Bought AI @ $28.56

Portfolio AI META NVDA SHOP TSLA BTCC 

Internals were mostly weak & negative. Any addition or new purchase should be opportunistic based on RSI & strong prospect going forward. Buying must not be feared IF it is the right stock. Inflation data may give you a good entry point or an all clear signal @ 830 AM.

BLOG does NOT give buy or sell.

Saleem

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