Indices closed mixed despite extreme negative sentiment in all media, thus a " very reliable contrary indicator "
S&P 500 @ 5117.94, low 5091.14, high 5124.66
RSI @ 61.13
Internals were :
Down volume led by .71 to 1 in NYSE & 1.03 to 1 in Nasdaq
Declining stocks led by 1.07 to 1 in NYSE & 1.45 to 1 in Nasdaq
Net new highs were leading by 224 in NYSE & 14 in Nasdaq
VIX UP 3.26% @ 15.22
Oil @ $77.93
Gold @ $2188.60
Canadian $ @ .6510
In my portfolio :
Bought SHOP @ $101.00 in Toronto
Bought AMD @ $38.89 in Toronto
Bought NVDA @ $83.21 in Toronto
Portfolio AMD GOOG INTC MSFT NVDA SHOP SOUN
TAPE showed resiliency by closing mixed, internals were slightly negative, all this plus ORCL reinforcement of AI related server demand giving more fuel to AI bull thesis.
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteTrimmed 1/3rd SOXS @ 3.32
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with next pick
Saleem
Hi Saleem,
ReplyDeleteI had an order to sell more at 3.36 and got about 35% fill on that one. In retrospect, I should have just moved it down a penny, but ultimately sold nearly have the position at good prices.
Stocktrader
ReplyDeleteHi Stocktrader,
YES....sometimes it happens....
Am glad you got the fill done...
Good luck with next pocks!!!
Saleem
Hi Saleem,
ReplyDeleteOops, I meant sold nearly *half* the position, including the first batch and the partial fill on the second batch. I'm not 100% sure what to do next but the price action of the market today was very good, possibly indicating another run ahead.
Stocktrader
ReplyDeleteHi Stocktrader,
Since you like to hedge, I will not worry too much about about half of your SOXS, market gets overbought in a hurry and pullbacks are " fast & furious "which should get you out with better price....
Good luck !!
Saleem