Indices closed UP despite hotter than expected inflation data.
S&P 500 @ 4643.70, high 4643.93, low 4608.09
RSI @ 73.22
Internals were :
Down volume led by 1.41 to 1 in NYSE & 1.08 to 1 in Nasdaq
Declining stocks led by .98 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new highs were leading by 258 in NYSE & 11 in Nasdaq
VIX Down 4.43% @ 12.07
Oil @ $68.61
Gold @ $1993.20
Canadian $ @ .6383
Portfolio ABX.TO VNQ GDXJ LSPD MUX META MSFT NVDA SHOP SOFI
Indices started red BUT closed @ absolutely high of the day, a classic definition of a strong bull market.
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Sold IONQ @ 12.64 on this pop and sluggish price action
Stocktrader
HI Saleem,
Sold CVNA @ 40.70 on the pop
Stocktrader
Hi Saleem,
Sold PLAY @ 47.93 to take profits
Stocktrader
Hi Stocktrader,
Good move in booking profit $$$$$
Saleem
Congrats of the gains Stocktrader!
Hi Stock Rookie - thank you for the kind words!
I guess I should have been more patient, but it's very rare the initial move from a Fed decision keeps going throughout the rest of the day. Regardless, I feel like today's "info" only solidifies what we basically already knew, and this means the majority of the good news is priced in for now in my opinion.
Stocktrader
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