Wednesday, May 22, 2024

Indices closed down .18% to .79%....

 Indices closed down on jitters from Fed meeting minutes, It mentioned Inflationary pressure as a major concern.

S&P 500 @ 5307.01, low 5286.01, high 5323.18

RSI @ 66.65

Internals :

Down volume led by 2.11 to 1 in NYSE & .53 to 1 in Nasdaq

Declining stocks led by 2.75 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new highs were leasing by 153 in NYSE & 11 in Nasdaq

VIX UP 3.63% @ 12.29

Oil @ $77.57

Gold @ $2338.90

Canadian $ @ .6328

In my portfolio...Added 50% NVDA in Toronto @ $89.41

Portfolio AMD INTC META NVDA PLTR SHOP SOUN

After hour NVDA lit the bullish fire on AI again....closing @ $1007.00 on a stunning earnings report....

BLOG does NOT give buy or sell.

Saleem

10 comments:

Stock Rookie said...

Hi Saleem!
Congrats on NVDA stella earnings!

Stocks100 said...


Hi Stock Rookie,

YES YES...indeed...

Thanks!

Saleem

Stocks100 said...


Hi Stocktrader,

Sold all NVDA IN Toronto @ $98.65...10 cents from high of the day....

Saleem

Stocks100 said...


Hi Stocktrader,

Bought BTCC in Toronto @ $12.73

Saleem

stocktrader_1996 said...

Hi Saleem,

So very well done with the NVDA trading! $$$

Good luck with BTCC!

Stocktrader

stocktrader_1996 said...

Hi Stock Rookie,

I still haven't trimmed any ZENV in the main retirement account yet - my tentative plan is to sell 100k @ $4 and 100k @ $4.50 to cut the position in half and have a whole position cash for the portfolio overall. I'm still not sure the impetus for this move though, so plans may still change - I just wanted to keep you updated.

I do have a smaller trading account where I trimmed 20k shares (of 200k) today to buy some HOOD 5/31 $20 calls and ULTA 6/28 $400 calls. The market absorbed those sells pretty easily so I was pleased.

Stocktrader

Stock Rookie said...
This comment has been removed by the author.
Stock Rookie said...

Hello Stocktrader!
Thank you so much for the updates sir! ZENV did well today and I am very please :-). Good luck with HOOD & ULTA! Have a blessed day!

Stock Rookie said...

Hello Saleem!
I still hold 25 shares of NVDA ever since you recommended. I am planning to hold it for a long time since it's a great long term retirement stock. Thank you again sir!

Stocks100 said...


Hi Stock Rookie,

Looks like a " conviction plan for NVDA "...which IS a good thing...

YES...NVDA is an undisputed leader in AI and should remain so for a very long time....

I enjoy trading NVDA which I have done many times, sometimes I forget to even mention occasionally like last mid week....but bought back next day @ lower price which I reported....

Good luck with NVDA$$$$

Saleem