Monday, May 6, 2024

Indices closed UP .46% to 1.23%...NICE !!!

 Indices closed near high of the day , a stunning performance by, Nasdaq, S&P 500 & Russell 2000 which was the-best performer.

S&P 500 @ 5180.74, high 5181.00, low 5142.42

RSI @ 58.27

Internals were :

UP Volume led by 3.52 to 1 in NYSE & 1.83 to 1 in Nasdaq

Advancing stocks led by 3.97 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new highs were leading by 206 in NYSE & 93 in Nasdaq

VIX unchanged @ 13.49

Oil @ $78.48

Gold @ $2334.70

Canadian $ @ .6339

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN BTCC

Nasdaq, Russell 2000 & S&P 500 are all above 50 DMA which IS a very good technical picture.

BLOG does NOT give buy or sell.

Saleem

6 comments:

stocktrader_1996 said...

Hi Saleem,

Last week: +3.58% (YTD: +8.51%)
Notable Leaders: PSNL TWST AMKR AI
Notable Laggards: ZENV BMR FLYW

In a week of moderate index gains, the portfolio had a few continuation moves and breakouts to propel it to the high mark on the year. This week sees *many* earnings reports from portfolio companies and after some recent moves, I am comfortable with the positions and hope I did the homework well. A moderating jobs and wage picture has brought yields back down some and has provided support to many of the more speculative and long duration stocks.

Holdings: TWST IONQ ENPH AMKR AI ALAR PSNL FLYW ZENV BMR, cash 0%

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold SHOP @ $106.40 in Toronto

Saleem

stocktrader_1996 said...

Hi Saleem,

Great run, congrats! Patience and conviction are often rewarded well :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold GOOG @ $29.05 in Toronto

Saleem

stocktrader_1996 said...

Hi Saleem,

Great job on GOOG, a stellar performer of late!

Good luck with next picks :)

Stocktrader

Stock Rookie said...

Congrats on another stella week Stocktrader!

Great job on booking profits and good luck with the next pick Saleem!