Thursday, March 7, 2024

Indices closed UP .34% to 1.51%...NICE !!!

 Indices closed UP & near high of the day on conclusion of 2 day testimony by Fed Chief, there was no surprise in his opening remark or Q&A.

S&P 500 @ 5157.36, high 5165.62, low 5128.21

RSI @ 67.41

Internals were :

UP volume led by 2.15 to1 in NYSE & 1.89 to 1 in Nasdaq

Advancing stocks led by 3.09 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new highs were leading by 689 in NYSE & 243 in Nasdaq

VIX Down .41% @ 14.44

Oil @ $78.93

Gold @ 2165.20

Canadian $ @ .6528

In my portfolio :

Sold AMD in Toronto @ $40.55

Sold 50% NVDA in Toronto @ $86.20

Added 70% GOOG @ $22.64

Portfolio GOOG INTC MSFT META NVDA SOUN 

As you all know that I follow RSI as my go to in every buying & selling decision based on my universe, It Is NOT about being right or wrong BUT It IS a discipline which I practice after " learning my lesson hard way " which is managing "risk reward "

BLOG Does NOT give buy or sell.

Saleem

5 comments:

Stocks100 said...


Hi Stocktrader,

Sold my remaining 50% NVDA in Toronto @ $92.00

Saleem

stocktrader_1996 said...

Hi Saleem,

Great profits!

Sold TNA @ 42.67
Bought SOXS @ 2.82

After AVGO and stretched prices, I'm officially calling a top for semis for now.

Stocktrader

Stocks100 said...


Hi Stocktrader,

TOP or NOT

But

Good luck with SOXS.....

Saleem

Stocks100 said...


Hi Stocktrader,

Sold META @ $28.12 in Toronto

Saleem

stocktrader_1996 said...

Hi Saleem,

Nice gains on META!

Good luck with next pick :)

Stocktrader