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

4 comments:

stocktrader_1996 said...

Hi Saleem,

Good luck with SHOP!

Trimmed my excess LYFT @ 10.44

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next idea$$$

Saleem

stocktrader_1996 said...

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

Stocks100 said...


Hi Stocktrader,

Good luck with PSNL....

Saleem