Tuesday, November 7, 2023

Indices closed UP .17% to .90%...NICE !!!!

 Indices closed UP 7th day in a row while Nasdaq was UP lucky 8 times. Russell 2000 missing this party.

S&P 500 @ 4378.38, high 4386.26, low 4355.41

RSI @ 59.85

Internals were :

Down volume led by 1.68 to 1 in NYSE & .62 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new lows were leading by 11 in NYSE & 100 in Nasdaq

VIX Down .54% @ 14.81

Oil @ $77.37

Gold @ $1973.50

Canadian $ @ .6226

Portfolio AI LYFT META MSFT NVDA PLTR SNAP SHOP TSLA

Market is looking overbought, It may be a good idea to trim some gains.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed a little HIMS @ 7.34 on this post-earnings pop and still-difficult path to great profitability.

Added to CVNA @ 34.24 on great chart and high short interest and earnings acceptable.

Added small to TYGO @ 2.39 on positive conference call tone despite large challenges.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more CVNA & TYGO.....

Trim is good for strategic buys...

Saleem

Stocks100 said...


Hi Stocktrader,

Sold SHOP in Toronto @ $86.49

Added 140% LYFT @ $10.88

Added 25% PLTR @ $18.42

Saleem