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:

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

Stocks100 said...


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

stocktrader_1996 said...

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

Stocks100 said...


Hi Stocktrader,

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

Saleem

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

stocktrader_1996 said...

Hi Saleem,

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

Stocktrader

Stocks100 said...


Hi Stocktrader,

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

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

Saleem