Indices closed UP as technology was strong again.
S&P 500 @ 4995.06, high 4999.89, low 4969.05
RSI @ 70.61
Internals were :
UP volume led by 1.01 to 1 in NYSE & 1.04 to 1 in Nasdaq
Advancing stocks led by 1.19 to 1 in NYSE & .77 to 1 in Nasdaq
Net new highs were leading by 329 in NYSE & 77 in Nasdaq
VIX Down 1.76% @ 12.83
Oil @ $73.86
Gold @ $2051.70
Canadian $ @ .6525
In my portfolio Bought AMD @ $32.70 in Toronto
Portfolio AMD GOOG LSDPD META MSFT SHOP BTCC.TO
New all time highs in S&P 500 DOW & Nasdaq 100 all because of enthusiasm for AI...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Sold SNAP @ 10.99 on another disappointing quarter
The most interesting piece about SNAP is from their nascent recurring revenue subscription business, but the advertising piece continues to lag. I don't think the stock is bad here, but it's the worst idea in the portfolio currently, so it gets cut.
Bought SOXS @ 4.51
Given the large runup in the market and very positive investor sentiment, I think it is vulnerable to a sudden decline, and so I protect a little bit. The VIX seems to be stuck higher also today - another potential sign.
https://www.aaii.com/sentimentsurvey
Stocktrader
Hi Stocktrader,
Good luck with SOXS....good defensive strategy!!!
Saleem
Hi Stocktrader,
SOLD LSPD @ $20.02 on Toronto
Added 300% AMD @ $32.62
Saleem
Hi Saleem,
Good luck with more AMD!
Stocktrader
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