Monday, March 18, 2024

Indices closed UP .20% to .82%...NICE !!!

 Indices closed UP in anticipation of AI lovefest in San Diego.

S&P 500 @ 5149.42, high 5175.60, low 5145.47

RSI @ 60.51

Internals were :

UP volume led by 1.26 to 1 in NYSE & 1.18 to 1 in Nasdaq

Advancing stocks led by 1.17 to 1 in NYSE & .80 to 1 in Nasdaq

Net new highs were leading by 166 in NYSE & lows by 30 in Nasdaq

VIX Down .56% @ 14.33

Oil @ $82.91

Gold @ $2164.30

Canadian $ @ .6455

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN

In my portfolio :

Sold 50% GOOG @ $25.37

Added 70% NVDA @ $83.87

NVDA presentation by CEO / Founder exceeded my expectations with many fold improvement in AI GPU chip announced along with a new subscription model, to keep the money coming after selling of chips.

BLOG does NOT give buy or sell.

Saleem

6 comments:

Stocks100 said...


Hi Stocktrader,

Added 15% NVDA @ $81.10

Saleem

Michael said...

Hi Saleem,

Good add on NVDA. AI stocks were all on fire sale this morning. I placed the order to buy more NVDA at 850 but missed by 0.10. It has been an amazing coming back for NVDA!

Michael

Stocks100 said...






Hi Michael,

Thanks for your feedback, much appreciated,

UP or Down idea IS for CONVICTION buy & sell @ profit...when its ready....

Too many opinions BUT ZERO FACTS to go with on AI.....

Good luck with your Portfolio & NVDA$$$$

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with the additional NVDA adds!

Bought SMCI @ 909.52

In times of bull markets, secondary offerings are often the only opportunity to buy at a decnt price.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold TZA @ 19.15

I think there's enough short term negativity built in that the risk/reward for the market is balanced. This means I can just stick with stock picking for now.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Very good move with SMCI....mother of all AI in terms of YTD gains..

Good luck with more bull picks

Saleem