Thursday, November 9, 2023

Indices closed down .65% to 1.57%....

 Indices closed down @ low of the day.

S&P 500 @ 4347.35, low 4343.94, high 4393.40

RSI @ 55.40

Internals were :

Down volume led by 3.14 to 1 in NYSE & 2.24 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.82 to 1 in Nasdaq

Net lows were leading by 70 in NYSE & 274 in Nasdaq

VIX UP 5.81% @ 15.29

Oil @ $75.74

Gold @ $1965.40

Canadian $ @ .6228

In my portfolio :

Sold TSLA in Toronto @ $19.50

Bought SHOP @ $60.40

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP

TAPE was deeply overbought thus a sharp pullback was imminent, Russell 2000 is troubling many as it keeps going lower & lower...

BLOG does NOT give buy or sell.

Saleem

at

4 comments:

  1. stocktrader_1996November 10, 2023 at 8:12 AM

    Hi Saleem,

    Good luck with SHOP!

    Trimmed my excess LYFT @ 10.44

    Stocktrader

    ReplyDelete
  2. Stocks100November 10, 2023 at 9:21 AM


    Hi Stocktrader,

    Good luck with next idea$$$

    Saleem

    ReplyDelete
  3. stocktrader_1996November 10, 2023 at 11:22 AM

    HI Saleem,

    Bought half PSNL @ 1.00

    After raising revenue expectations I think it can prove itself to be a growth company again.

    I feel like this part of the cycle calls for the highest leverage stocks to outperform as rates have likely peaked, so I'm digging a little deep here.

    Stocktrader

    ReplyDelete
  4. Stocks100November 10, 2023 at 12:29 PM


    Hi Stocktrader,

    Good luck with PSNL....

    Saleem

    ReplyDelete