Thursday, June 6, 2024

Indices closed mixed....

 Indices closed mixed in anticipation of Jobs report.

S&P 500 @ 5352.96, low 5335.36, high 5362.35

RSI @ 65.37

Internals :

UP volume led by 1.03 to 1 in NYSE & 1.11 to 1 in Nasdaq

Advancing stocks led by 1.05 to 1 in NYSE & .72 to 1 in Nasdaq

Net new highs were leading by 210 in NYSE & 5 in Nasdaq

VIX Down .40% @ 12.58

Oil @ $75.55

Gold @ $2393.00

Canadian $ @ .6311

Portfolio NVDA SHOP PLTR SOUN BTCC

Its all about jobs report, based on momentum, rally continues.....

BLOG does NOT give buy or sell.

Saleem

10 comments:

Stocks100 said...


Hi Stocktrader,

Sold BTCC @ $13.41

Bought SMCI.NE @ $26.30...all in Toronto

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck with swap!

BTCC had a great run :)

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Sold TZA @ 19.06

My premise for the hedge was a fear of a slowdown in consumer spending and the job numbers today provide a backdrop for a healthy-enough consumer still. I will let the portfolio ride unhedged for now.

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with next pick....

Saleem

Stock Rookie said...

Hi Stocktrader & Saleem

Good Luck with the next pick to both...

stocktrader_1996 said...

Hi Saleem,

Bought CVNA @ 110.29 on positive price action and recent company guidance

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Bought AI @ 30.69 on good price action and business momentum

Stocktrader

Stocks100 said...


Hi Stocktrader,

Good luck with CVNA & AI.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Bought FIVE @ 120.88

An expanding franchise that experienced a small hiccup, I think consumer trends may favor them going forward.

Stocktrader

stocktrader_1996 said...

Hi Saleem,

Added to BMR @ 4.33 with remaining cash

Stocktrader