Tuesday, February 6, 2024

Indices closed UP .07% to .85%...NICE !!!

 Indices closed UP on its own momentum.

S&P 500 @ 4954.23, high 4957.77, low 4934.88

RSI @ 67.21

Internals were :

UP volume led by 2.90 to 1 in NYSE & 2.29 to 1 in Nasdaq

Advancing stocks led by 2.63 to 1 in NYSE & 1.84 to 1 in Nasdaq

Net new highs were leading by 126 in NYSE & lows by 12 in Nasdaq

VIX Down 4.46% @ 13.06

Oil @ $73.31

Gold @ $2051.40

Canadian $ @ .6496

In my portfolio :

Sold CNQ @ $81.30 on Toronto

Bought META @ $25.62 in Toronto

Portfolio GOOG, LSPD MSFT SHOP BTCC.TO META

Internals were positive & RUSSELL 2000 was the-best performer.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...


Hi stocktrader,

Bought AMD in Toronto @ $32.70

Saleem

Michael said...

Hi Saleem,

Welcome to AI world. You seems to bet heavily on AI stocks except NVDA. What is your take on NVDA?

Michael

Stocks100 said...


Hi Michael,

I do monitor RSI closely no matter how bullish I am in any sector.

Today RSI based relative value was in AMD thus my buy....

NVDA is a great stock even NOW.....

Based on my work AMD has equal or much more UPSIDE......

My 2 cents.....

Saleem

Michael said...

Hi Saleem,

Thanks for your 2 cents...I have been holding a small portion of NVDA for awhile. I bought some AMD yesterday and I just wondered if it is the time to cash out NVDA or not.

On the site note. I am also bullish on AI. I got most of your stocks: GOOG, MSFT, AMD and META.

Michael

stocktrader_1996 said...

Hi Saleem,

Good luck with AMD pickup!

Hi Michael,

Your portfolio has been doing very well this year - congrats!! :)

Stocktrader

Stocks100 said...


Hi Michael,

AI is here to change many things, some are calling " biggest innovation since railroad "
Before it was technology dictating everything
NOW
Technology serving user....what a concept....

YES stay until several split....its a long long way from selling....more buying in AI is more like IT.....

Remember when successful traders had license plates written " DELL " after PC revolution.....

Get your "AI " plate .....

Good luck with your " AI POWER portfolio....

Saleem