Indices closed mixed but @ best level of the day, only Nasdaq & Russell 2000 closed in red.
S&P 500 @ 4981.80, high 4983.21, low 4946.00
RSI @ 58.78
Internals were :
Down volume led by .80 to 1 in NYSE & 1.55 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.78 to 1 in Nasdaq
Net new highs were leading by 105 in NYSE & lows by 55 in Nasdaq
VIX Down .52% @ 15.34
Oil @ $77.91
Gold @ $2034.30
Canadian $ @ .6490
Portfolio AMD GOOG INTC MSFT META NVDA BTCC.TO
After hour news from NVDA was even better than expected as they pointed out " tipping point for AI by corporation & countries worldwide "...all the shorts, noise & organized negativity will die down as another lesson in what NOT to do.
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem,
Bought SOXS @ 4.13
Bought TZA @ 20.24
Hedges back on after a huge morning spike.
Stocktrader
Hi Stocktrader,
Good luck with TZA & SOXS.....price is RIGHT !!!
Saleem
Hi Saleem,
Bought another batch of TZA @ 20.32 on interest rate risk
Added to MTRN @ 133.15 on a great quarter and continued long runway for growth
Stocktrader
Hi Stocktrader,
Good luck with more MTRN & TZA....
Saleem
Hi Stocktrader,
You had a very smart move yesterday by liquidating your SOXS position before NVDA ER. With all noises out there, I would keep the hedge. Stock trading is not for a person with a faint of heart. Saleem was right with detail analysis on NVDA before ER.
Michael
Hi Michael,
I always get nervous when prices and sentiment are both high (like now), but I continue to like certain positions I have, so I often do the hedging to protect the portfolio. It doesn't always work perfectly, but it can help me sleep at night, so that's a benefit also :)
Stocktrader
Hi Saleem,
Sold SMCI @ 976.49 to take profits
Stocktrader
Hi Stocktrader,
Excellent trade on SMCI, very scary!
Michael
Hi Saleem,
Your AI portfolio is on fire today. It is nice to follow the experience leader. Noises and negative shorts made naive traders lost a lot of $$$$.Thank you.
Michael
Hi Stocktrader,
Great trade on SMCI.....best 48 hour $$$$ ever....
Saleem
Hi Michael,
Thanks for your feedback on my AI driven portfolio.
Conviction IS extremely important ONCE a trend is OBVIOUS.....
I have NEVER spotted a " real trend " this early.....thus my repeat AI focus in my BLOG, hoping many followed my singular idea of investing in AI....
You are always very complimentary which is sincerely appreciated by me....
Good luck with your portfolio.
Saleem
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