Wednesday, February 28, 2024

Indices closed down .06% to .77%....

 Indices closed down as inflation became a concern for Thursday 830 AM report.

S&P 500 @ 5069.76, low 5058.35, high 5077.37

RSI @ 64.45

Internals were :

Down volume led by 1.25 to 1 in NYSE & 1.40 to 1 in Nasdaq

Declining stocks led by 1.20 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new highs were leading by 266 in NYSE & 78 in Nasdaq

VIX UP 3.05% @ 13.84

Oil @ $78.54

Gold @ $2042.70

Canadian $ @ .6424

Portfolio AMD GOOG INTC MSFT META NVDA SOUN

Whenever we fear any report in realty it becomes a non event & rally resumes in a bull market.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Added small to PSNL ZENV IONQ on better risk appetite in the market

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought a double position in TNA @ 39.24 with remaining cash

The chart looks primed for a breakout after a nice basing formation. Today's data should provide the relief backdrop needed to broaden the rally since economic data is holding up.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more add on...

Added to my SOUN @ $7.33

Saleem