Wednesday, June 12, 2024

Indices closed mixed.....

 Indices closed mixed with Nasdaq & S&P 500 @ new all time highs despite Fed hawkish change in policy.....only one .25% cut in 2024.....sure sure.....

S&P 500 @ 5421.03, high 5447.25, low 5409.13

RSI @ 71.72....caution warranted

Internals :

UP volume led by 1.33 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 2.81 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new highs were leading by 354 in NYSE & 125 in Nasdaq

VIX Down 6.30% @ 12.04...caution warranted

Oil @ $79.32

Gold @ $2339.50

Canadian $ @ .6303

Portfolio NVDA SHOP SMCI PLTR BTCC 

RSI & VIX are flashing " caution "...please adjust your strategy accordingly...

BLOG does NOT give buy or sell.

Saleem

8 comments:

Stocks100 said...


Hi Stocktrader,

Sold NVDA @ $122.15

Sold SHOP @ $89.93

Saleem

Stocks100 said...


Hi Stocktrader,

Sold PLTR @ $24.06

Saleem

Stocks100 said...

Hi Stocktrader,

Sold 55% of SMCI.NE @ $28.00

Saleem

Stock Rookie said...

Hi Saleem!
Great job on booking profits! Thank you for SMCI recommendation! Good luck with the next pick!

stocktrader_1996 said...

Hi Saleem,

Nice to book profits!!

Good luck with next picks :)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold balance of 45% SMCI.NE @ $30.00

Saleem

Stock Rookie said...

Thank you Saleem! Sold my SMCI after hour :-)

Stocks100 said...


Hi Stock Rookie,

Good move in booking profit in SMCI....

Pleasure is always mine, most welcome!

Saleem