Indices closed @ high of the day on spirited buying for 2024 allocation.
S&P 500 @ 4763.54, high 4764.54, low 4699.82
RSI @ 63.58
Internals were :
UP volume led by 2.31 to 1 in NYSE & 1.73 to 1 in Nasdaq
Advancing stocks led by 3.00 to 1 in NYSE & 2.33 to 1 in Nasdaq
Net new highs were leading by 71 in NYSE & 9 in Nasdaq
VIX Down 2.02% @ 13.08
Oil @ $70.77
Gold @ $2033.50
Canadian $ @ .6633
In my portfolio :
Sold SHOP.TO @ $103.27
Added 20% CNQ.TO @ $86.83
Bought BTCC.TO @ $8.94
Portfolio RIOT SNAP ABX.TO CNQ MSFT NVDA LSPD BTCC.TO
Today's rally caught everyone by surprise BUT it was welcomed by all bulls for the intensity it brought. NVDA shot up to a new all time high & RIOT got the benefit of Cramer's curse & Crypto surge.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Michael & Stocktrader,
Sold NVDA in Toronto @ $49.75
Saleem
Hi Saleem,
Excellent trade on NVDA! I may look for an exit as well.
Michael
Hi Saleem,
Very nice run on NVDA and SHOP!
Good luck with the new positioning - this new year requires some new ideas but some old ones are still working also. I think earnings season will set the tone.
Stocktrader
Hi Stocktrader,
Thanks for your feedback, I am more into swing trading with RSI in focus.
Added a large position in LSPD.TO @ $25.84....
Saleem
Hi Stocktrader,
Sold MSFT in Toronto @ $27.76
Saleem
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