Indices closed near high of the day despite hotter than expected PPI.
S&P 500 @ 5246.68, high 5250.37, low 5217.98
RSI @ 64.22
Internals :
UP volume led by 3.20 to 1 in NYSE & 5.15 to 1 in Nasdaq
Advancing stocks led by 2.43 to 1 in NYSE & 1.83 to 1 in Nasdaq
Net new highs were leading by 327 in NYSE & 87 in Nasdaq
VIX Down 1.32% @ 13.42
Oil @ $78.02
Gold @ $2356.70
Canadian $ @ .6344
In my portfolio...Bought SHOP @ $77.85 & $78.40 in Toronto
Portfolio AMD INTC META MSFT NVDA PLTR SHOP BTCC SOUN
Nasdaq closed @ new all time high, a sign of series of higher highs.
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold ENPH @ 117.01
Sold TWST @ 48.81
Sold AI @ 26.25
Sold IONQ @ 8.97
The solar market has again seen government intervention which may have unforeseen consequences, like possibly freezing the market while the new tariffs affect prices in the short-term. I took advantage of the recent strength to take profits in ENPH.
After a huge run post-earnings, I take profits in TWST. It may make sense for them to raise cash here.
After a nice run, including some short squeeze, I step to the sidelines on AI ahead of earnings, although I considered keeping a half position because I'm somewhata optimistic about how the report and guidance will look. I may re-enter if the price action allows.
After a quiet earnings report and the new independent director with a history of being involved in acquisitions, the stock unfortunately appears stuck at best pending further corporate developments. I almost kept a half position here due to potential for outsized one-day gains, but price action is poor enough that I thought it unwise.
Stocktrader
Hi Stocktrader,
Good move in booking profit.....
Good luck with new picks...
Saleem
Congrats on booking profit! Good luck with the new picks!
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