Tuesday, August 27, 2024

Indices closed UP .02% to .16%...NICE !!!

 Indices closed UP while Internals were weak.

S&P 500 @ 5625.80, high 5631.18, low 5593.48

RSI @ 60.71

Internals :

Down volume led by 1.42 to 1 in NYSE & 1.22 to 1 in Nasdaq

Declining stocks led by 1.14 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new highs were leading by 312 in NYSE & 35 in Nasdaq

VIX Down 4.46% @ 15.43

Oil @ $75.53

Gold @ $2545.60

Canadian $ @ .6539

Portfolio MSFT NVDA CMG BTC AAPL SMCI BTCC.B

Its all about NVDA's earnings report after the bell tomorrow, Its a huge winner for many years, writing is on the wall, buy more before its too late.

BLOG does NOT give buy or sell.

Saleem

3 comments:

Stocks100 said...

Hi Stocktrader,

Added 80% NVDA.NE @ $29.40

Added 100% BTCC.B.TO @ $11.22

Saleem

stocktrader_1996 said...

Hi Saleem,

Good luck into earnings tonight! My feeling is that there's been enough questioning sentiment built up such that there could be another up move post-earnings.

I really like the bitcoin story here as the Fed gets easier and the economy struggles. That's not even to mention the world issues which could drive bitcoin accumulation or adoption.

Stocktrader

Stocks100 said...

Hi Stocktrader,

We are in total agreement when it comes to NVDA & BTCC thesis for today....

Thanks for your feedback, much appreciated....

Saleem