Wednesday, May 29, 2024

Indices closed down .58% to 1.48%....

 Indices closed near low of the day on overbought condition.

S&P 500 @ 5266.95, low 5262.70, high 5282.27

RSI @ 56.62

Internals :

Down volume led by 5.05 to 1 in NYSE & 1.65 to 1 in Nasdaq

Declining stocks led by 5.24 to 1 in NYSE & 2.78 to 1 in Nasdaq

Net new lows were leading by 31 in NYSE & 94 in Nasdaq

VIX UP 10.53% @ 14.28

Oil @ $79.34

Gold @ $2361.50

Canadian $ @ .6292

In my portfolio...Bought DELL in pre market @ $165.25

Portfolio AMD DELL INTC META NVDA PLTR SHOP SOUN BTCC

Higher yield & uncertainty about interest rate cut is causing slump.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Stocks100 said...


Hi Stocktrader,

Sold META @ $26.29 in Toronto

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with next pick!

META seems stalled for now after the big run.

Stocktrader