Indices keep making new highs & Russell 2000 was the strongest.
S&P 500 @ 4774.75, high 4784.72, low 4758.45
RSI @ 72.70
Internals were :
UP volume led by 3.87 to 1 in NYSE & 5.27 to 1 in Nasdaq
Advancing stocks led by 3.31 to 1 in NYSE & 2.25 to 1 in Nasdaq
Net new highs were leading by 494 in NYSE & 298 in Nasdaq
VIX Down .31% @ 12.99
Oil @ $75.24
Gold @ $2074.10
Canadian $ @ .6800
In my portfolio Bought RIOT @ $17.00
Portfolio CNQ LSPD RIOT SOFI GDXJ ABX.TO META MSFT NVDA MUX
Internals were strong & new all time highs being made almost daily, message of the market has been loud & clear for almost 2 months.
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hi Stocktrader,
Sold SOFI @ $10.25
Saleem
Hi Saleem,
Good luck with next pick!
Stocktrader
Hi Stocktrader,
Sold GDXJ @ $39.60
Saleem
Hi Saleem,
Nice profits! Good luck with next :)
Stocktrader
Hi Saleem,
Trimmed my overweight in LYFT @ 15.33 as I find more diverse ideas
Bought ULTA @ 478.96 on skincare conscious teens
Stocktrader
Hi Stocktrader,
Sold CNQ @ $66.60
Saleem
Hi Stocktrader,
Good luck with ULTA...beauty is NEVER out of style...
Saleem
Hi Stocktrader,
Sold META in Toronto @ $20.13
Sold LSPD @ $20.51
Saleem
Hi Saleem,
Good luck with fresh cash and next deployments - been great runs!
Trimmed SOXS @ 5.66
Bought SNAP @ 16.85 for reasons mentioned prior (low market cap/active user compared to peers leaving much room for monetization still)
Stocktrader
Hi Stocktrader,
Good luck with much awaited SNAP....
Saleem
Hi Stocktrader,
Sold MUX in Toronto @ $10.24
Saleem
Hi Saleem,
Good luck with all the cash and new ideas coming for the new year!
Stocktrader
Hi Stocktrader,
Thanks for your ongoing feedback & trading thesis which IS ALWAYS a great insight into your deep fundamental & technical take.
2023 was a great year....
2024 could be a huge challenge as many things are priced in based on last 8 weeks of straight UP momentum....
Time to go back to my read on many fronts.....
Wish me luck !
Saleem
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