Thursday, May 9, 2024

Indices closed UP .27% to .90%...NICE !!!!

 Indices closed UP as economic data keeps supporting a rate cut.

S&P 500 @ 5214.08, high 5215.30, low 5180.41

RSI @ 61.23

Internals were :

UP volume led by 3.16 to 1 in NYSE & 1.66 to 1 in Nasdaq

Advancing stocks led by 2.88 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new highs were leading by 322 in NYSE & 68 in Nasdaq

VIX Down 2.38% @ 12.69..low today 12.68..52 week low 11.81....

Oil @ $79.26

Gold @ $2349.60

Canadian $ @ .6305

Portfolio AMD INTC META MSFT NVDA SOUN BTCC

Indices closed @ high of the day, AI stocks were lower indicating rotation....

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...

Hi Stocktrader,

Bought PLTR @ $21.36 in premarket

Saleem

Stocks100 said...


Hi Stocktrader,

Added 60% PLTR @ $20.75

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with PLTR - I don't think earnings hurt the story at all so this pickup is smart!

Stocktrader