Wednesday, September 20, 2023

Indices closed down .22% to 1.53%....

 Indices closed down on Fed hawkish stance on direction of US Interest rates, It IS higher for longer time.

S&P 500 @ 4402.20, low 4401.38, high 4461.03

RSI @ 41.23

Internals were :

Down volume led by 1.79 to 1 in NYSE & 1.51 to 1 in Nasdaq

Declining stocks led by 1.46 to 1 in NYSE & 1.90 to 1 in Nasdaq

Net new lows led by 23 in NYSE & 212 in Nasdaq

VIX UP 7.30% @ 15.14

Oil @ $90.28

Gold @ $1967.10

Canadian $ @ .6570

Portfolio AI META NVDA SHOP TSLA BTCC

Nasdaq took the brunt of Fed statement & Q&A, it sold off on high volume. There is a good chance after lower open and margin calls out of the way, Nasdaq may close green. DOW is still holding above recent lows which gives me lot of hope for a green day tomorrow @ close.

BLOG does NOT give buy or sell.

Saleem

4 comments:

Stocks100 said...


Hi Stocktrader,

Bought PLTR @ $14.44

Saleem

Stocks100 said...


Hi Stocktrader,

Added 100% AI @ $25.50

Saleem

stocktrader_1996 said...

Hi Saleem,

Great use of available funds - this plunge has created some nice longer term opportunities.

Stocktrader

Stocks100 said...


Hi Stocktrader,

We are deeply oversold and sentiment has gone negative which IS a great " contrary indicator "

Saleem