Indices saw a " major sell sell today "
S&P 500 @ 5528.93, low 5504.33, high 5623.89
RSI @ 50.21
Internals :
Down volume led by 3.24 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 2.52 to 1 in NYSE & 3.50 to 1 in Nasdaq
Net new highs were leading by 214 in NYSE & lows by 69 in Nasdaq
VIX UP 33.25% @ 20.72
Oil @ $70.34
Gold @ $2520.40
Canadian $ @ .6450
In my portfolio bought SHOP.TO @ $96.25
CMG, SHOP, NVDA, MSFT, AAPL SMCI, BTCC-B, BTC...
In terms of weighting CMG is highest , SHOP is number 2, NVDA number 3...
Today was very interesting where Tech was trashed along with Russell 2000....
BLOG does NOT give buy or sell
Saleem
2 comments:
Hi Saleem,
I just returned from a long weekend - back at it in earnest now!
Good luck with rebuy on SHOP!
Last week: -5.65% (YTD: -5.34%)
Portfolio Leaders: FLYW
Portfolio Laggards: ALAR MSTR PSNL BMR ZENV
Another week of the portfolio seriously underperforming due to a post-earnings decline (ALAR) and other positions sliding also. The TZA hedge didn't help much as the market was fairly stable, although we've seen some weakness this week due to economic data and ahead of the jobs report. Sentiment was very high as the market was at all-time highs, often a sign of a peak. Also, the number of stocks cratering after earnings is starting to pick up, and that usually presages economic weakness as investors assess that companies that see softness now won't be able to get back to growth for multiple quarters. I stick by the thesis for now but it's painful on many days...
Portfolio: TZA(53%) MSTR(15%) ZENV FLYW PSNL BMR
Stocktrader
Hi stocktrader,
Welcome back to your kind of market ....
Saleem
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