Indices closed down but recovered nicely from low of the day despite higher yield.
S&P 500 @ 5048.42, low 4990.58, high 5057.75
RSI @ 43.37
Internals were :
Down volume led by 1.37 to 1 in NYSE & 1.25 to 1 in Nasdaq
Declining stocks led by 2.30 to 1 in NYSE & 1.98 to 1 in Nasdaq
Net new lows were leading by 13 in NYSE & 163 in Nasdaq
VIX down 3.76% @ 15.37
Oil @ $83.57
Gold @ $2342.10
Canadian $ @ .6303
Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN
AH ER were stellar from GOOG MSFT & SNAP ...other AI related stocks were flying in AH also...
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Trimmed SNAP @ 14.58 to bring down to normal position size
Stocktrader
Hi Stocktrader,
Excellent strategy to book gains & reduce exposure....
Saleem
Congrats on SNAP earnings Stocktrader! I deposited the money yesterday to buy SNAP but the fund waiting to be cleared so I missed the boat😒
Hi Stock Rookie,
Oh no! I'm sorry to hear that - nothing worse than having the right idea but can't execute the trade for any number of reasons :(
Thank you for the kind words though - let's find the next one now!
Stocktrader
Thank you for your support 🙏
Hi Saleem,
Bought half position in AI @ 22.69
Stocktrader
Hi Saleem,
I'm targeting a trim of ALAR (because it has become quite overweight) to fill up the AI position in coming days.
Stocktrader
Hi Saleem,
Ok, I made the move today:
Trimmed ALAR @ 28.18
Added to AI @ 22.78 to bring to full position
Stocktrader
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