Indices got the shocking inflation report which was way above consensus, we actually opened green then selling began then recovery to much higher than low of the day.
S&P 500 @ 5150.48, low 5123.30, high 5176.85
RSI @ 62.28
Internals were :
Down volume led by 4.11 to 1 in NYSE & 3.10 to 1 in Nasdaq
Declining stocks led by 3.77 to 1 in NYSE & 3.08 to 1 in Nasdaq
Net new highs were leading by 133 in NYSE & lows by 101 in Nasdaq
VIX UP 4.73% @ 14.40
Oil @ $81.26
Gold @ $2167.50
Canadian $ @ .6477
Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN
AI stocks keeping many Investors on edge as talk of bubble & glee over slight decline is being played UP.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sold ULTA @ 527.07 on cautious guidance and commentary on demand and competition
Stocktrader
Hi Saleem,
Added to TZA @ 19.29 on rising interest rates
Stocktrader
Hi Stocktrader,
Good luck with triple TZA....
Saleem
Hi Saleem,
Sold SMCI @ 1118.01 at a slight loss.
It was only a two-day trade as I mentioned to try and capture the addition into the S&P 500 at close. I fear now the chart looks toppy and the shorts have covered and the longs have entered, so it could be much more vulnerable.
Stocktrader
Hi Stocktrader,
SMCI needs to rest and then move to new highs....
Good luck with new idea....
Saleem
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