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
7 comments:
Hi Stocktrader,
Sold 50% NVDA @ $86.20 in Toronto.
Saleem
Hi Stocktrader,
Added 70% GOOG in Toronto @ $22.64
Saleem
Hi Stocktrader,
Sold AMD in Toronto @ $40.55
Saleem
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
Hi Stocktrader,
When we are this high , good news MAY get the mantra....this was priced IN....
Good luck with your ideas....
Saleem
Hi Saleem,
Swapped a little TNA @ 41.12 for more SOXS @ 2.82
Stocktrader
Hi Stocktrader,
Nice $$$ in TNA & deployed for more SOXS....
Good luck!
Saleem
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