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:

  1. 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

    ReplyDelete

  2. Hi Stocktrader,

    Sold SHOP @ $106.40 in Toronto

    Saleem

    ReplyDelete
  3. Hi Saleem,

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

    Stocktrader

    ReplyDelete

  4. Hi Stocktrader,

    Sold GOOG @ $29.05 in Toronto

    Saleem

    ReplyDelete
  5. Hi Saleem,

    Great job on GOOG, a stellar performer of late!

    Good luck with next picks :)

    Stocktrader

    ReplyDelete
  6. Congrats on another stella week Stocktrader!

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

    ReplyDelete