Tuesday, March 5, 2024

Indices closed down 1.02% to 1.65%...

 Indices took a well deserved breather but closed way above low of the day.

S&P 500 @ 5078.65, low 5056.82, 5114.54

RSI @ 60.07

Internals were :

Down volume led by 1.19 to 1 in NYSE & 1.36 to 1 in Nasdaq

Declining stocks led by 1.40 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new highs were leading by 278 in NYSE & 4 in Nasdaq

VIX UP 7.19% @ 14.46, high today @ 15.10, 52 wk high 30.81

Oil @ $78.15

Gold @ $2141.90

Canadian $ @ .6417

In my portfolio ....Added 100% NVDA in Toronto @ $80.86

Portfolio AMD GOOG INTC MSFT META NVDA SOUN

As this is a major bull market, pullbacks will be swift & recovery fast as witnessed today. AI is a major phenomenon which requires focus & understanding.

BLOG does NOT give buy or sell.

Saleem

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