US Market looking healthy......

US market is looking healthy again after gyrating wildly for 3 weeks.

All the averages are above 200 DMA & 50 DMA.....RUT is hair below 50 DMA.....

In terms of overbought and oversold, we are right in between...here is how RSI is stacking up:

Nasdaq       58.55

SOX           56.55

TAN           55.23

S&P 500    53.70

RUT           53.38

Dow           52.53

SO just about every index is above 50 DMA and RSI sporting a very healthy minimum 52.53....

There are lot of stocks which are very close to making new all time highs after testing support.

Again...a diversified approach in many sectors is the way to go with overweight in Technology.

Markets go through these gyrations after dealing with uncertainty, be it political or economic issues...

Now we seem to have a better handle on interest rate hikes.....more orderly than sharp uptick....

This is a fast moving TAPE in both direction....

Stay with your strong acting stocks no matter in which sector, that will pay handsomely.

Winter is winding down in Northeast earlier than expected, which may have repercussion for heating oil and gas.

Trade battle looming in steel sector.....

All in all a very positive scenario going forward.

Good luck with your strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem