Doha meeting outcome to impact markets....

18 countries are debating what to incorporate in their draft agreement, as usual there is lot of drama as Saudi's & Iranian's do not see eye to eye in quest to freeze production. IF they fail to come up with workable draft agreement, there may be negative reaction based on perception.

Market is slowly creeping towards making new all time high.....

Market is also moving towards making a golden cross.....

Here are the numbers towards making new all time highs :

Dow only 2.48% away

S&P 500 only 2.54% away

Nasdaq 5.62% away

Russell 12.75%......

This TAPE is tilted towards Dow & S&P 500 as the main focus of money flow, Nasdaq is lagging so far, that may change IF we get major beat in earnings.

Small caps are struggling badly and are a major laggard.

It is important to know these stats to make an educated investment decision, listening to CNBC only for ideas is a crap shoot.

There has been a shift in sectors to invest or trade, major gains of triple digits are happening in Oil, Gold & base metals ......need to be in that sector to get ahead.

Different markets need different approach, this TAPE is decidedly different from 2014....

Volatility has spiked which can be a good thing, IF you focus on trading range of strong stocks.

It is not that difficult to trade in a $2 range of strong stocks.....

I do not see this market as a straight line UP moving, it is back and forth type of movement, which can be frustrating for long term investors.

This is a daytrading market and swing trading is a good approach also.

Go for singles instead of homerun......

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem