Indices closed down near low of the day in frenzied selling.
S&P 500 @ 5872.16, low 5867.79, high 6070.67
Internals :
Down volume led by 11.03 to 1 in NYSE & 2.44 to 1 in Nasdaq
Declining stocks led by 9.48 to 1 in NYSE & 7.17 to 1 in Nasdaq
Net new lows were leading by 186 in NYSE & 473 in Nasdaq
VIX UP 74.04% @ 27.62
Oil @ $71.08
Gold @ $2653.30
Canadian $ @ .5659
Portfolio GOOG AAPL AVGO MU MSFT BTCC
CRM QBTS ( AH $8.86) RIOT GDXJ SMCI
BLOG does NOT give buy or sell.
Saleem
Hi Stocktrader,
ReplyDeleteAdded 50% MU.NE @ $19.82
Saleem
Hi Saleem,
ReplyDeleteGood luck with more MU!
Stocktrader
Hi Saleem,
ReplyDeleteSold PAR @ 75.7835
I've been looking at selling this for a while on full valuation and lack of upside for the interim.
Added more TNA @ 42.35
I think small caps after this drop are the best mix of risk/reward in the market.
Stocktrader
Hi Saleem,
ReplyDeleteSold BITU @ 54.28 on shakeout risk given the extreme over-leveraged positioning in the market
Stocktrader
Hi Stocktrader,
DeleteFrothy part of market is in trouble thus good riddance of BITU, good luck with TNA....
Got rid of my miniscule foray into QBTS @ $6.02......
Saleem
Hi Saleem,
ReplyDeleteI think that's it exactly - froth part of market could get really hurt in this low liquidity time of year. Good luck on your next pick!
Stocktrader
Hi Saleem,
ReplyDeleteUsed available cash to buy more TNA @ 41.75
I really like the small cap risk/reward here.
Stocktrader