US stock markets continues its uptrend......

US stock market continues its uptrend, here is a sector analysis based on RSI :

Nasdaq    67.88

SOX        66.41

S&P 500 63.05

Dow        60.85

Russell    49.79

XLE        39.43

It is clear from RSI numbers that Nasdaq, S&P 500 and SOX all made new all time highs last week, Dow has been a laggard and is 120 points away from making new all time high.

Russell is 44 points away

XLE is among the weakest.

Energy stocks has been lagging this TAPE badly, as we approach driving season which already started with memorial day long weekend, may give pulse to oil prices.

Russell which represents small caps has been a surprising laggard, generally in a bull TAPE, small caps normally leads the market.

Nasdaq & SOX is proving week after week that big caps are the place to be, they are all hitting new all time highs.

Coming week, there is a very good chance that DOW will make new all time high.

In hindsight, this was the easiest bull market, IF you had exposure in FANG, but most of us ignore that reality even now.......

CMF is strongest in Nasdaq @ 0.495, followed by S&P 500 @ .352 and DOW is lagging @ .246, this shows where money flow is going......

It is important to review exposure and weighting as we go along, weighting has been a real issue with most of us, heavier in under performing stocks and sometimes little or no exposure in strongest stocks.

It is never too late to adjust to new reality, this bull market is going to last a long time, there has been secular shift in to FANG type stocks.

World market including Canada is open on Monday.

Good luck with your strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem