Thursday, May 23, 2024

Indices closed down .39% to 1.60%....

 Indices did a stunning reversal to close near low of the day.

S&P 500 @ 5267.84, low 5256.93, high 5341.88

RSI @ 59.35

Internals :

Down volume led by 5.90 to 1 in NYSE & .98 to 1 in Nasdaq

Declining stocks led by 5.13 to 1 in NYSE & 3.59 to 1 in Nasdaq

Net new highs were leading by 103 in NYSE & lows by 20 in Nasdaq

VIX UP 3.91% @ 12.77

Oil @ $76.87

Gold @ $2350.70

Canadian $ @ .6299

In my portfolio :

Sold NVDA @ $98.65 in Toronto

Bought BBTO in Toronto @ $12.73

Portfolio AMD INTC META PLTR SHOP SOUN BTCC

Friday will determine IF we confirm or deny this REVERSAL...

BLOG does NOT  give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Trimmed FLYW @ 18.03
Added to HOOD @ 19.83

A small swap to rebalance sizes.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

More minor position re-sizing:

Trimmed ALAR @ 35.00
Added to ULTA @ 380.92
Added to AI @ 24.18

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Last move:

Trimmed ALAR @ 35.00
Added 25% to BMR @ 5.24

Stocktrader

stocktrader_1996 said...

Hi Saleem,

All positions are tight in a 9.2-10.2% portfolio allocation now except ZENV outsized and PSNL undersized.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Always good to review and rebalance based on your strategy....

Good luck with all picks....

Saleem

Stock Rookie said...

Hi Stocktrader,
Good luck with swaps and more ULTA & HOOD!