Wednesday, March 6, 2024

Indices closed UP .20% to .70%...NICE !!!

 Indices closed UP on dovish Q&A by Fed chief in his testimony.

S&P 500 @ 5104.76, high 5127.97, low 5092.22

RSI @ 62.72

Internals were :

UP volume led by 2.65 to 1 in NYSE & 1.72 to 1 in Nasdaq

Advancing stocks led by 2.82 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new highs were leading by 434 in NYSE & 102 in Nasdaq

VIX UP .28% @ 14.50

Oil @ $79.13

Gold @ $2148.80

Canadian $ @ .6486

Portfolio AMD GOOG INTC MSFT META NVDA SOUN

Close was not as strong as expected considering news flow. Monitor your portfolio IF its still ending positive for the day or else make some adjustment.

BLOG does NOT give buy or sell.

Saleem

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7 comments:

  1. Stocks100March 7, 2024 at 7:29 AM


    Hi Stocktrader,

    Sold 50% NVDA @ $86.20 in Toronto.

    Saleem

    ReplyDelete
  2. Stocks100March 7, 2024 at 7:30 AM


    Hi Stocktrader,

    Added 70% GOOG in Toronto @ $22.64

    Saleem

    ReplyDelete
  3. Stocks100March 7, 2024 at 8:05 AM


    Hi Stocktrader,

    Sold AMD in Toronto @ $40.55

    Saleem

    ReplyDelete
  4. stocktrader_1996March 7, 2024 at 9:01 AM

    Hi Saleem,

    Very nice gains on chips!

    I am tempted to add more SOXS here, but I really don't know what I would sell to free up funds. I think the number tomorrow will support the dovish Fed case (but we might still sell the news).

    Stocktrader

    ReplyDelete
  5. Stocks100March 7, 2024 at 10:03 AM


    Hi Stocktrader,

    When we are this high , good news MAY get the mantra....this was priced IN....

    Good luck with your ideas....

    Saleem

    ReplyDelete
  6. stocktrader_1996March 7, 2024 at 12:56 PM

    Hi Saleem,

    Swapped a little TNA @ 41.12 for more SOXS @ 2.82

    Stocktrader

    ReplyDelete
  7. Stocks100March 7, 2024 at 1:09 PM


    Hi Stocktrader,

    Nice $$$ in TNA & deployed for more SOXS....

    Good luck!

    Saleem

    ReplyDelete