Monday, February 5, 2024

Indices closed down .20% to 1.30%....

 Indices closed down on higher yield.

S&P 500 @ 4942.81, low 4918.09, high 4957.19

RSI @ 66.20

Internals were :

Down volume led by 5.48 to 1 in NYSE & 1.85 to 1 In Nasdaq

Declining stocks led by 4.16 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new highs were leading by 18 in NYSE & lows 122 in Nasdaq

VIX down 1.30% @ 13.67

Oil @ $72.28

Gold @ $2042.90

Canadian $ @ .6461

In my portfolio :

Sold 70% CNQ @ $80.50 in Toronto

Bought MSFT @ $30.08 in Toronto

Bought GOOG @ $24.59 in Toronto

Here is my portfolio weighting :

SHOP          44.87%

LSPD          19.36%

MSFT          12.77%

GOOG          9.88%

CNQ             9.45%

BTCC.TO    3.67%

BLOG does NOT give buy or sell.

Saleem


6 comments:

stocktrader_1996 said...

Hi Saleem,

Sold SPOT @ 241.32

After a good quarter that exceeded expectations, I still fear about the longer term margin profile for a company that faces competition from big players. I'm taking the win and moving to the next!

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought IONQ @ 10.19

With milestone achievement well ahead of schedule, and short interest quite high, I think there's a number of catalysts that could propel the stock quickly higher. An old favorite, I will give it another go!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Great $$$$ on SPOT....great strategy!!!

Good luck wit IONQ...

Sold CNQ @ $81.30 in Toronto

Bought META @ $25.62 in Toronto...only available for Canadians in this format.....

Saleem

Stock Rookie said...

Stocktrader,
Great job holding on ZENV. So happy for you! Thank you for recommended to mešŸ™

stocktrader_1996 said...

Hi Saleem,

Good luck with META!

Hi Stock Rookie,

It's amazing what a little bit of funding can do for an otherwise good company! Given the extended loan terms and relatively minor dilution, it's probably still worth holding even after the pop.

Stocktrader

Stock Rookie said...

Definitely hold for me. Thank you!