Wednesday, December 20, 2023

Indices closed down 1.27% to 1.89%....

 Indices got hit with profit taking after 10 UP days for Nasdaq.

S&P 500 @ 4698.35, low 4697.82, high 4778.01

RSI @ 66.12

Internals were :

Down volume led by 9.52 to 1 in NYSE & 3.72 to 1 in Nasdaq

Declining stocks led by 2.64 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new highs were leading by 458 in NYSE & 243 in Nasdaq

VIX UP 9.10% @ 13.67

Oil @ $74.22

Gold @ $2047.70

Canadian $ @ .6672

Portfolio CNQ LSPD SOFI GDXJ ABX.TO META MSFT NVDA MUX

This IS a major bull market, ignore days like today, too much money being allocated to equities, always look @ big picture.

BLOG does NOT give buy or sell.

Saleem

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4 comments:

  1. stocktrader_1996December 21, 2023 at 7:21 AM

    Hi Saleem,

    Bought MTRN @ 125.43 on long term growth prospects and good chart

    Stocktrader

    ReplyDelete
  2. stocktrader_1996December 21, 2023 at 7:24 AM

    Hi Saleem,

    Bought ENPH @ 133.11 on improved business prospects with rates lower and cost cutting measures leading to improved profitability

    Stocktrader

    ReplyDelete
  3. stocktrader_1996December 21, 2023 at 9:10 AM

    Hi Saleem,

    Oh gosh I've been looking to get into SNAP today, had an order for 16.80 for a few hours. Now it gets highlighted on CNBC as a "new buy"...

    I guess we'll see how it trades as the day goes on but I've been impressed with its price action despite the huge run, and the market cap/user has a long way to go should they actually figure out some monetization levers.

    Stocktrader

    ReplyDelete
  4. Stocks100December 21, 2023 at 11:38 AM


    Hi Stocktrader,

    Good luck with MTRN & ENPH....

    SNAP is a very good long term hold.....

    Good luck with next move!!!

    Saleem

    ReplyDelete