Tuesday, February 27, 2024

Indices closed UP .17% to 1.34%....NICE!!!

 Indices closed near high of the day, Russell 2000 was the strongest among gainers.

S&P 500 @ 5078.18, high 5080.69, low 5057.29

RSI @ 65.91

Internals were :

UP volume led by 2.29 to 1 in NYSE & 2.76 to 1 in Nasdaq

Advancing stocks led by 1.45 to 1 in NYSE & 1.60 to 1 in Nasdaq

Net new highs were leading by 304 in NYSE & 187 in Nasdaq

VIX Down 2.26% @ 13.43

Oil @ $78.87

Gold @ $2044.10

Canadian $ @ .6472

In my portfolio :

Sold BTCC.TO @ $10.81

Bought a tiny position in SOUN @$7.51

Portfolio AMD GOOG INTC MSFT META NVDA SOUN

TAPE showed its bullish tone by closing @ high with positive internals.

BLOG does NOT give buy or sell.

Saleem

3 comments:

stocktrader_1996 said...

Hi Saleem,

Bought FLYW @ 28.83 on raised guidance despite some industry headwinds which shows great momentum in the core business.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold TZA @ 19.14 on good basing chart for small caps and worries heading into tomorrow's inflation number which means most of the negative potential is priced in.

I'm only keeping SOXS as a hedge for now.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sorry for late reply, was away from my desktop as there was some immediate issues to deal with.

Good luck with FLYW....

Your strategy of hedges is very interesting, do not have the temperament for Hedging or shorting.....

Good luck with SOXS.....plus your bullfolio$$$$

Saleem