Thursday, May 2, 2024

Indices closed UP .85% to 1.81%...NICE !!!

 Indices recovered from Fed statements and started buying stocks @ bargain prices.

S&P 500 @ 5064.20, high 5073.21, low 5011.05

RSI @ 47.07

Internals were :

UP volume led by 3.21 to 1 in NYSE & 2.57 to 1 in Nasdaq

Advancing stocks led by 3.63 to 1 in NYSE & 2.29 to 1 in Nasdaq

Net new highs were leading by 83 in NYSE & lows by 24 in Nasdaq

VIX down 4.61% @ 14.68

Oil @ $78.95

Gold @ $2309.60

Canadian $ @ .6298

Portfolio AMD GOOG INTC META MSFT NVDA SHOP BTCC SOUN

It is all about jobs data @ 830 AM, hoping for an inline or softer data.

BLOG does NOT give buy or sell.

Saleem

8 comments:

  1. Hi Saleem,

    Bought TWST @ 36.50 on a beat-and-raise quarter and expectations of more to come this year.

    Stocktrader

    ReplyDelete
  2. Hi Saleem,

    Somehow my ENPH @ 110.50 pre-market offer missed at open :(

    Stocktrader

    ReplyDelete

  3. Hi Stocktrader,

    Good luck with TWST...

    As far as ENPH is concerned....who knows...it may come to your price IF order is still open or GTC

    Saleem

    ReplyDelete
  4. Hi Saleem,

    I think I would take $112 at this point. The CFO recently bought shares, reported last night, and I think that's highly indicative of a turn in the business that we've all been waiting for.

    Stocktrader

    ReplyDelete

  5. Hi Stocktrader,

    YES...$112 is a good entry considering $192 is 52 week high....it has walked into $112 zone already $$$$

    Saleem

    ReplyDelete
  6. Hi Saleem,

    Actually, I just took 113.05 so I can stop staring at it for the day :)

    Stocktrader

    ReplyDelete
  7. Hi Saleem,

    Added small to BMR @ 6.17 to use leftover cash and on relative strength late-week.

    Stocktrader

    ReplyDelete

  8. Hi Stocktrader,

    Good luck with ENPH & more BMR.....

    Have a coffee break & enjoy the ride on Wall & Broad.....

    Saleem

    ReplyDelete