Tuesday, January 2, 2024

Indices closed mixed....

 DOW spoiled the selling frenzy by closing green. Nasdaq was on selling spree BUT still closed above low of the day.

S&P 500 @ 4742.83, low 4722.67, high 4754.33

RSI @ 64.08

Internals were :

Down volume led by 1.09 to 1 in NYSE & 1.52 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new highs were leading by 97 in NYSE & 43 in Nasdaq

VIX UP 6.02% @ 13.20

Oil @ $70.38

Gold @ $2073.40

Canadian $ @ .6684

In my portfolio :

Bought 

CNQ.TO @ $87.50

LSPD.TO @ $26.08

SHOP.TO @ $98.25

SNAP @ $15.98

Here is my portfolio weighting :

CNQ         44.56%

MSFT      12.57%

SHOP     11.84%

SNAP     10.39%

NVDA    10.12%

ABX.TO  6.06%

RIOT      2.61%

LSPD     1.85%

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Hi Saleem,

Happy New Year! It was a stella performance last year for you and stocktrader. I believe this is the best blog for traders. Thanks for your guidance with detail analysis of the markets. The markets changed rapidly and it is not easy to follow or make $$$ without guidance. Wishing us another excellent performance in 2024.

Michael

Stocks100 said...


Hi Michael,

Nice to see your message.

Thanks for your appreciative note which is the purpose of this BLOG, analyze constantly changing trading environment.

Looking forward to 2024 with all its challenges which IS no different than any other year.

Good luck to your strategy $$$

Saleem