Thursday, October 26, 2023

Indices closed down .76% to 1.76%....

 Indices breached key technical levels in key Indices.

S&P 500 @ 4137.23, low 4127.90, high 4183.60

RSI @ 30.42

Internals were :

Down volume led by .87 to 1 in NYSE & 1.29 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1.14 to 1 in Nasdaq

Net new lows were leading by 390 in NYSE & 488 in Nasdaq

VIX UP 2.43% @ 20.68

Oil @ $82.31

Gold @ $1997.40

Canadian $ @ .6165

In my portfolio ...added 30% TSLA in Toronto @ $19.73

Portfolio AI LYFT META NVDA PLTR SHOP TSLA

VIX is telling us that this selling has run its course.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem,

The sickness really knocked me out for a few days...

Good luck with more SHOP and TSLA!

The market has been difficult these last two months. Thankfully our great start to the year has provided plenty of cushion :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

I am happy that you are well now.

YES....markets are generally difficult BUT sometimes IT gives signal to optimize investment in certain stocks or sectors...which we both did.....thankfully....

Saleem