World markets @ new all time high......

US market is driving world FTSE index to new all time high, this is very constructive for US market, as it is not the only index running away.

Talking of US market, it is all set to resume its uptrend after taking a well deserved rest.

Nasdaq is sitting @ new all time high on an intraday basis on Friday.

S&P 500 is only 22 points away from making a new all time high.

Dow is only 286 points away from doing the same.

RSI is reasonable based on recent trend, they are as follows :

S&P 500 @ 61.79

Dow        @ 63.84

Nasdaq    @ 66.47

CMF has come down quite a bit which reflects booking profit. 

Bulls to Bear ratio is also very healthy, and they are :

Bulls 53.4%

Bears 17.5%

Bulls have come down 10 points from its recent high, again a reflection of booking huge profits.

SO...all in all TAPE has worked off some of its froth, and is ready to make series of new highs.

SOX is the undisputed leader, @ new all time highs

Russell is ready to move higher

FANG is behaving well.

Select Chinese stocks are ready to break on the upside.

SO....lot of sectors behaving well.

It is important to pay attention to sectors and stocks which are outperforming.

SO....make sure your portfolio reflects strength and stocks which will make you money, market verdict is decisive vs your own interpretation.

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem