Tuesday, January 16, 2024

Indices closed down .19% to 1.21%.....

 Indices pulled back but Russell 2000 took a big hit.

S&P 500 @ 4765.98, low 4747.12, high 4782.34

RSI @ 61.06

Internals were :

Down volume led by 5.13 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 3.82 to 1 in NYSE & 2.65 to 1 in Nasdaq

Net new lows were leading by 4 in NYSE & 118 in Nasdaq

VIX UP 4.45% @ 13.84

Oil @ $72.40

Gold @ $2030.20

Canadian $ @ .6523

In my portfolio :

Sold SNAP @ $15.56

Sold ABX.TO @ $22.13

Added to MU @ $84.76 & $84.33

Here is my portfolio weighting @ 80% exposure :

CNQ        54.40%

MU          30.17%

LSPD      12.03%

BTCC       3.40%

Except for leading stocks like NVDA, AMD & few others most portfolio took a hit in this selling.

BLOG does NOT give buy or sell.

Saleem

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