Tuesday, March 12, 2024

Indices closed UP .61% to 1.54%...NICE !!!

 Indices closed near high of the day despite much feared higher inflation numbers. Treasury yield went UP & stocks went UP....not suppose to happen....

S&P 500 @ 5175.27, high 5179.87, low 5114.48

RSI @ 66.36

Internals were :

UP volume led by 1.11 to 1 in NYSE & .86 to 1 in Nasdaq

Advancing stocks led by 1.27 to 1 in NYSE & .84 to 1 in Nasdaq

Net new highs were leading by 342 in NYSE & 2 in Nasdaq

VIX down 9.07% @ 13.84

Oil @ $77.56

Gold @ $2161.90

Canadian $ @ .6497

Portfolio AMD GOOG INTC MSFT NVDA SHOP SOUN

This TAPE has been giving a constant message " this IS a Strong Bull "

BLOG does NOT give buy or sell.

Saleem

11 comments:

stocktrader_1996 said...

Hi Saleem,

Sold some SOXS @ 3.21 to complete the fill I only got partial on yesterday.

One position size left in SOXS instead of triple size.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold rest SOXS @ 3.23

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought SMCI @ 1134.25 for likely a 2-day trade ahead of S&P 500 addition

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with SMCI....

Saleem

stocktrader_1996 said...

Hi Saleem,

Added to IONQ @ 9.88 after the pullback and a nice insider buy last week

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with more IONQ....more is better...

Saleem

stocktrader_1996 said...

Hi Saleem,

Added small to FLYW @ 26.18 to top up position size.

I have two positions cash available right now - looking for ideas.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Ideas in my mind is always in AI

2 for your deeeeep analysis

META & GOOG

Good luck $$$$

Saleem

Stocks100 said...



Hi Stocktrader,

Bought META in Toronto @ $27.88

Saleem

stocktrader_1996 said...

Hi Saleem,

I am hesitant to enter the megacaps after such a strong run - my favorite would probably be AMZN actually if I had to choose one.

SMCI is my one AI play for now - I'm trying to stay diversified.

Good luck with META!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold 50% SOUN @ $9.76 in AH....

Saleem