Thursday, February 22, 2024

Indices closed UP 1.18% to 2.96%...NICE !!!

 Indices closed near high of the day & in record high territory, only Nasdaq missing all time highest close.

S&P 500 @ 5087.03, high 5094.39, low 5038.83

RSI @ 68.16

Internals were :

UP volume led by 1.45 to 1 in NYSE & 1.33 to 1 in Nasdaq

Advancing stocks led by 1.88 to 1 in NYSE & 1.18 to 1 in Nasdaq

Net new highs were leading by 518 in NYSE & 132 in Nasdaq

VIX Down 5.22% @ 14.54

Oil @ $78.61

Gold @ $2030.70

Canadian $ @ .6499

Portfolio AMD GOOG INTC MSFT META NVDA BTCC.TO

Day like today is very rare when we have almost 3% move in Nasdaq, thus being in the market is a good strategy with adjusted exposure depending on RSI. Speaking of RSI we are still @ 68.16 which means, those who are talking negative about today's TAPE, are ensuring that we are going higher.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Raja said...

Insightful....!
Long live Saleem

your services are great....!

Raja

Stocks100 said...


Hi Raja,

Appreciated your feedback.

Good luck with your portfolio!!

Saleem