Wednesday, May 1, 2024

Indices closed mixed....

 Indices were all over the place, sharply UP & losing all gains. Fed statement & Fedspeak was quite hawkish...

S&P 500 @ 5018.39, low 5013.45, high 5096.12

RSI @ 41.54

Internals were :

UP volume led by 1.18 to 1 in NYSE & 1.43 to 1 in Nasdaq

Advancing stocks led by 1.38 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new highs were leading by 16 in NYSE & lows by 50 in Nasdaq

VIX Down 1.66% @ 15.39

Oil @ $79.00

Gold @ $2312.70

Canadian $ @ .6235

In my portfolio...Added 100% BTCC.TO @ $10.78 in Toronto

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN BTCC

Hopefully there may be " rethink " about Fed...and may see green Thursday...

BLOG does NOT give buy or sell.

Saleem

2 comments:

stocktrader_1996 said...

Hi Saleem (& Stock Rookie),

Sold DCBO @ 44.98 ahead of earnings

With peers faltering (see COUR), I feel uncomfortable thinking this one will be the only one that outperforms, so I will take a wait-and-see approach instead.

FLYW is concerning me heavily into earnings, but I feel like the expectations are so low that it can't get worse? ZENV also delayed its annual report, so that worries me as well.

Stocktrader

Stock Rookie said...

Thank you for the info Stocktrader. I were wondering why zenv earnings not out yet