Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4297.50, high 4302.43, low 4287.96

RSI @ 64.73

CMF @ 0.173

Internals were :

UP volume led by 1.74 to 1 in NYSE & 1.38 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & .84 to 1 in Nasdaq

Net new 52 wk highs were leading by 261 in NYSE & 96 in Nasdaq

VIX Down 1.19% @ 15.83

Oil @ $73.47

Gold @ $1771.60

Canadian $ @ .7592

Portfolio CNX HST MGM WEED NCLH UAL

Stocks which were UP 1% or more included HST MGM NCLH

NIO SU AG GE TECK ROKU RCL CCL CLF AMD EAT

KRA BA DDD MU LVS MS CMG X TLRY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed S&P 500 had another all time closing high. Nasdaq rested while some technology continued its outperformance ROKU keeps moving UP. Summer doldrums will take a toll in volume which IS happening NOW...low volume action is very deceptive.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .03% to .19%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4291.80, high 4300.52, low 4287.04

RSI @ 63.88

CMF @ 0.159

Internals were :

Down volume led by 1.72 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led by 1.18 to 1 in NYSE & 1.49 to 1 in Nasdaq

Net new 52 wk highs were leading by 228 in NYSE & 114 in Nasdaq

VIX UP 1.65% @ 16.02

Oil @ $72.98

Gold @ $1763.60

Canadian $ @ .7619

In my portfolio:

Sold AG @ $15.25

Sold NIO @ $50.50 in AH

Portfolio CNX HST MGM WEED NCLH UAL

Stocks which closed UP 1% or more included NIO 

KTOS LULU GE SQ COIN VUZI BYD AAPL TWTR

QCOM QRVO SNAP SWKS RIOT FCX MSTR DASH

BIDU CSIQ MSFT LYFT GOOS ZM CRWD PDD JD

MRNA DHI PHM NKE TWLO CRUS AMD JKS MS

CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green @ close with new all time highs in S&P 500, Nasdaq, SOX....Most semiconductors were strong. Gold Silver Cruise Airlines were weak. Again Internals were extremely weak and sloppy. Holidays are coming and we may see a much desired pullback as 4th of July holiday's are on everybody's mind.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4290.61, high 4292.14, low 4274.67

RSI @ 63.71

CMF @ 0.133

Internals were :

Down volume led by 2.27 to 1 in NYSE & .54 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 1.11 to 1 in Nasdaq

Net new 52 wk highs were leading by 210 in NYSE & 178 in Nasdaq

VIX UP .90% @ 15.76

Oil @ $72.91

Gold @ $1780.70

Canadian $ @ .7671

In my portfolio :

Sold SOL @ $9.30

Added 100% HST @ $16.80

Bought MGM @ $42.38

Portfolio CNX AG HST MGM NIO WEED NCLH UAL

Stocks which were UP 1% or more included NIO WEED SOL

BB LSPD PLTR COIN VUZI TSM AAPL ROKU MRVL

FSLR QRVO SWKS RIOT MSTR RIDE PINS RUN

CSIQ JKS ENPH SPWR ZM ASML BYND NVDA

FB TSLA AMAT QS OSTK TLRY....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed with S&P 500 & Nasdaq closed @ a new all time high. It was a strong day for most technology stocks and solar stocks with double digit gains. Oil was down and most cruise lines and airline were sharply lower. Surprisingly internals were mostly negative, not a good technical pattern for record close.

BLOG does NOT give buy or sell.

Saleem

Rotation in US stock market continues......

 US stock market has split personality....

Some sectors are @ overbought levels...

Other sectors are ready to move UP

Some sectors are oversold......

Rotation is very evident daily...

Some days most sectors are in positive mode

Other days only narrow movement in few sectors of market.

Then there are those days when everything are in deep red.....

S&P 500 is @ new all time high.....

DOW & Nasdaq are very healthy and near all time highs

Russell 2000 near all time high

XLE has performed like a charm and is @ 6 year high

SOX is ready to join all time highs IF MU earnings can dislodge negativity about Chips shortage.

XLF is stuck in mud.....above support....can it find traction here...NOT based on 10 year rate, it needs to go near 1.8% to get it moving....

BUT there are some very weak sectors, most are familiar to traders and are avoiding it....

GLD, SLV & XLB are near lowest point in a while with RSI of 35.11, 38.83 & 39.11..

BTCC.TO is a bitcoin ETF in Toronto Canada with an RSI @ 36.25, there are dire prediction of bitcoin hitting $20,000. In my opinion around $27,000 I may buy this ETF again.

TAN is strange with RSI @ 65.65 but slightly above 50 DMA & hair below 200 DMA...there are weak & strong stocks in this segment, one needs to do fundamental analysis and make opportunistic trades..

As you can see, there are many ways to participate in this rotation which seems to be new game in town.

Keep a very diversified portfolio with less exposure and more focus on oversold sectors as they are ready to roll like cruise lines and airlines...great bargain there. Have patience and conviction with 20% weighting.

Good luck with your own analysis and comfort level.

BLOG does not give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed, Nasdaq rested after huge run, S&P 500 made a new all time closing high. Internals were positive.

S&P 500 @ 4280.70, high 4286.12, low 4271.16

RSI @ 62.34

CMF @ 0.050

Internals were :

UP volume led by 1.25 to 1 in NYSE & 1.24 to 1 in Nasdaq

Advancing stocks led by 1.29 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk highs were leading by 299 in NYSE & 197 in Nasdaq

VIX Down 2.19% @ 15.62

Oil @ $74.05

Gold @ $1777.80

Canadian $ @ .7703

Stocks which were UP 1% or more included CNX NCLH SOL

TECK ROKU BMBL FSLR RCL CNQ CCL MGNI AI

BIDU RUN MU GOOS ZI ESTC NTAP UBER ENPH

BYND BABA NFLX DDD QS OXY CSIQ LVS 

MS NKE CMG...

In my portfolio Added 50% UAL @ $54.48

Here is my portfolio weighting :

CNX          22.22%

NIO          17.09%

HST         11.82%

UAL        11.65%

AG          11.36%

SOL          9.69%

WEED      9.46%

NCLH      6.71%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .58% to .95%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4266.49, high 4271.28, low 4256.97

RSI @ 60.35

CMF @ -0.017

Internals were :

UP volume led by 3.23 to 1 in NYSE & 2.61 to 1 in Nasdaq

Advancing stocks led by 2.29 to 1 in NYSE & 2.45 to 1 in Nasdaq

Net new 52 wk highs were leading by 288 in NYSE & 144 in Nasdaq

VIX Down 2.14% @ 15.97

Oil @ $73.30

Gold @ $1776.70

Canadian $ @ ,7659

In my portfolio Sold MGM in AH @ $44.38

Portfolio CNX AG HST NIO WEED NCLH SOL UAL

Stocks which were UP 1% or more included CNX WEED.TO MGM

CCJ GE TECK SQ LSPD ACB M X BMBL PYPL FSLR TWTR

QRVO SNAP SWKS MGNI RIOT MSTR BIDU PINS AMD

SPWR NXPI GOOS PDD TER BZUN OXY MGA ULTA...

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE has been on a roll for last 3 days which took S&P 500 & Nasdaq on a new all time closing high. Internals were mostly positive. We got lot of good news to give this market a lift, how much more left, not much based on VIX mostly which IS 15.97 @ low end of its range. RSI also in 60.35 not in bargain area more like fully valued. I am less than 50% of my normal exposure FWIW.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4241.84, low 4241.43, high 4256.60

RSI @ 56.66

CMF @ -0.016

Internals were :

UP volume led by 1.20 to 1 in NYSE & 2.12 to 1 in Nasdaq

Advancing stocks led by 1.14 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 241 in NYSE & 110 in Nasdaq

VIX Down 2.04% @ 16.32

Oil @ $73.08

Gold @ $1783.40

Canadian $ @ .7710

Portfolio CNX AG HST MGM NIO WEED NCLH SOL UAL

Stocks which were UP 2% or more included CNX NIO SOL

TECK PLTR VUZI ROKU TWTR SNAP MGNI FUBO

RIDE PINS RUN CSIQ FSLR SPWR JKS DDD QS

OXY YELP OSTK.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was mixed @ close but Nasdaq made another all time high 3 UP day in a row for Nasdaq. Internals were healthy. S&P & DOW were green but gave up by close. Technology stocks did well again, nice word to write. Solar stocks came to life on US new solar policy to go into effect immediately.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .20% to .79%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4246.44, high 4255.84, low 4217.27

RSI @ 57.59

CMF @ -0.010

Internals were :

UP volume led by 1.04 to 1 in NYSE & 1.39 to 1 in Nasdaq

Advancing stocks led by 1.26 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new 52 wk highs were leading by 175 in NYSE & 70 in Nasdaq

VIX Down 6.88% @ 16.66

Oil @ $72.85

Gold @ $1777.40

Canadian $ @ .7633

Portfolio CNX AG HST MGM NIO WEED NCLH SOL UAL

Stocks which were UP 3% or more included SOL

BB ROKU MGNI RUN GOOS CRWD

NVAX MRNA DDD QS JWN NTNX...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was UP in most sectors by close. S&P 500 & Nasdaq made it into a new all time of high. Today was the confirmation of this rally which showed technical strength, expect another positive close. Internals were mostly positive. Most sector participated today, notable weakness were airlines & cruise lines.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .79% to 1.76%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4224.79, high 4226.24, low 4173.40

RSI @ 54.31

CMF @ -0.016

Internals were :

UP volume led by 6.73 to 1 in NYSE & 1.89 to 1 in Nasdaq

Advancing stocks led by 2.86 to 1 in NYSE & 1.44 to 1 in Nasdaq

Net new 52 wk highs were leading by 111 in NYSE & 47 in Nasdaq

VIX Down 13.57% @ 17.89

Oil @ $73.66

Gold @ $1782.90

Canadian $ @ .7628

Portfolio CNX AG HST MGM NIO WEED NCLH SOL UAL

Stocks which were UP 3% or more included CNX MGM NCLH 

CCJ SU CNQ OXY SLB RIG GE TECK APA LSPD BYD

ROKU BMBL FUBO SCHW DASH PENN EAT KRA 

MRNA EXPE DDD JWN JKS WYNN MGA...

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong and went to its old trusted " rotational mode " It was Energy & Financials in focus for the most part, other sectors like gaming came on board. Today Internals were strong. Technology stocks also was participating which IS very healthy. Expect Tuesday to be positive also despite Fed chief speaking.

BLOG does NOT give buy or sell.

Saleem

US Stock market pullback over or not.....

 US stock market is faced with a new FED.....when Interest rate going to go UP

First Interest rate was supposed to go UP in 2024

Last Wednesday...It was moved UP to 2nd half of 2023

2 days later on Friday It was implied some times in 2022

SO market took a hit on Friday...too fast too soon in 2022

IF they talk back to 2023 then market should rally

Internals of the market is downright negative...

TAN is the strongest sector with an RSI of 59.21...but it is below 200 DMA

Nasdaq is holding UP well in 2nd strongest position with RSI of 57.60, Nasdaq is above 50 DMA

SOX is barely above 50 DMA with an RSI of 49.63

S&P 500 is below 50 DMA with an RSI of 43.37

DOW below 50 DMA with an RSI of 28.72

XLB material sector is below 50 DMA and weakest RSI @ 27.00

Russell 2000 is below 50 DMA and RSI @ 42.53

XLE energy sector above 50 DMA barely with an RSI of 42.35

JETS below 50 DMA and RSI of 36.05

IF you look @ above RSI and 50 DMA scenario, It Is very easy to see that we are very oversold...thus a rally is overdue....

IF a rally is overdue, then It Is very difficult to be narrow focused on any sector, being well diversified will get you some participation in an " oversold bounce "

I think Fed has showed its real hand about early hike in Fed Funds rate.

Job picture should improve rapidly as we are almost back to normal operation starting this week.

Market will lift all boats as we go forward......

SO...It Is time to let Fed worry about exact timing of hike and we should focus on stock selection....

YES everything is back to bargain level and will move fast towards mean....

Let us build a portfolio where growth may be fastest, so look @ Fundamental analysis.

Technicals are mostly horrible..so leave that one alone for now....

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .92% to 1.58%....

 Indices closed down reversing just about every analysis of Fed statement. 10 year Yield near low and technology took it on the chin with few exception of cloud / security stocks. Internals were extremely negative.

S&P 500 @ 4166.45, low 4164.40, high 4204.78

RSI @ 43.37

CMF @ -0.098

Internals were :

Down volume led by 5.99 to 1 in NYSE & 1.85 to 1 in Nasdaq

Declining stocks led by 3.21 to 1 in NYSE & 2.40 to 1 in Nasdaq

Net new 52 wk highs were leading by 50 in NYSE & 25 in Nasdaq

Oil @ $71.64

Gold @ $1769.00

Canadian $ @ .7558

Stocks which closed green included UAL

SQ LSPD ROKU NVTA PYPL SNAP 

MSTR DASH SNOW DADA DOCU

ZI PLAN SHOP DAL MTCH CRWD

DDOG ENPH DHI NVDA TWLO

SPLK NFLX CMG....

Here is my portfolio weighting ;

MGM          28.81%

CNX           15.79%

NIO            11.31%

AG              9.25%

HST            9.15%

WEED        7.11%

SOL            7.10%

UAL           6.28%

NCLH        5.20%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4221.86, low 4196.05, high 4232.29

RSI @ 54.98

CMF @ -0.001

Internals were :

Down volume led by 2.89 to 1 in NYSE & .89 to 1 in Nasdaq

Declining stocks led by 1.91 to 1 in NYSE & 1.27 to 1 in Nasdaq

Net new 52 wk highs were leading by 151 in NYSE & 85 in Nasdaq

VIX Down 2.20% @ 17.75

Oil @ $71.04

Gold @ $1774.80

Canadian $ @ .7644

In my portfolio bought in pre market :

NIO @ $45.00

AG @ $16.90

UAL @ $55.70

Portfolio CNX AG HST MGM NIO WEED NCLH SOL UAL

Stocks which were UP 3% or more included NIO

LULU BB LSPD ROKU NVTA PYPL SQ AI

SNAP FUBO PINS RUN AMD SPWR GAN

CSIQ LYFT ZI PLAN SHOP MTCH CRWD

ZM ESTC DDOG SEDG NVDA DDD

MSTR.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE surprised everyone by a declining 10 year interest rate which propelled technology into a very strong day. Solar also came along  for a ride. It was a classic case of common wisdom being wrong with reaction to Fed statement on Wednesday, It was morning after which set the tone. Internals were still weak. Can we have back to back technology strong close or back to rotation.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .24% to .77%.....

 Indices closed down.

S&P 500 @ 4223.70, low 4202.45, high 4251.89

RSI @ 55.44

CMF @ 0.029

Internals were :

Down volume led by 1.98 to 1 in NYSE & .91 to 1 in Nasdaq

Declining stocks led by 1.81 to 1 in NYSE & 1.24 to 1 in Nasdaq

Net new 52 wk highs were leading by 221 in NYSE & 97 in Nasdaq

VIX UP 6.64% @ 18.15

Oil @ $72.15

Gold @ $1861.40

Canadian $ @ .7832

Portfolio CNX HST MGM WEED NCLH SOL

 Stocks which were UP 1% or more included HST NCLH SOL

PLTR M VUZI TRIP FSLR RCL CCL FUBO SCHW DASH

RIDE RUN SPWR DOCU ZI SHOP CRWD ESTC DDOG

ENPH SEDG EAT BYND SPLK JWN OXY....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under selling pressure after Fed statement revealed changes, Fed will adjust rates upwards twice in 2023 instead of 2024. Fed made changes to its inflation targets upwards and raised GDP growth forecast for 2021. Fed is also preparing market for further tapering sooner than later. These are game changer and will reflect in negative TAPE going forward in near term. 10 year rate jumped and will move UP further causing market and technology stocks to come under pressure.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .20% to .71%.....

Indices closed down

S&P 500 @ 4246.59, low 4238.35, high 4257.16

RSI @ 61.34

CMF @ -0.015

Internals were :

Down volume led by 1.05 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 1.16 to 1 in NYSE & 1.16 to 1 in Nasdaq

Net new 52 wk highs were leading by 244 in NYSE & 115 in Nasdaq

VIX UP 3.84% @ 17.02

Oil @ $72.12

Gold @ $1856.40

Canadian $ @ .7794

In my portfolio Added 125% SOL @ $8.53

Portfolio CNX HST MGM WEED NCLH SOL

Stocks which closed green included CNX HST MGM

CCJ SU CNQ CVX SLB OXY GE APA X WYNN

SCHW CLF RIDE PINS MU SHOP TOL DHI 

PHM KBH NTAP KRA BA QS LVS MA 

X MSTR.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE followed a predictable pattern by closing down in key Indices. This TAPE is extremely vulnerable to any wording change which I expect Fed to do so, they deal in reality, when reality IS obvious wordings change in Fed statement which may not go well with an over enthusiastic followers. Internals were negative back to back which Is a not a good technical picture. Any buying should be done prior to close.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4255.15, high 4255.59, low 4234.07

RSI @ 63.69

CMF @ 0.012

Internals were :

Down volume led by 1.87 to 1 in NYSE & .69 to 1 in Nasdaq

Declining stocks led by 1.18 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 391 in NYSE & 100 in Nasdaq

VIX UP 4.73% @ 16.39

Oil @ $70.88

Gold @ $1865.90

Canadian $ @ .7864

In my portfolio... Sold NIO @ $46.20

Portfolio CNX HST MGM WEED NCLH SOL

Stocks which closed 1% or more included NIO

SU AG SQ CRM LSPD PLTR TSM AAPL

ROKU MRVL QCOM SWKS RIOT MSTR

DASH BIDU RUN GAN SNOW MU LYFT

NXPI DOCU FB AMZN SPLK AMAT 

NFLX NTNX COIN CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed but @ best level of the day. S&P 500 and Nasdaq made a new all time high. Internals were weak not a good sign when Indices are making new all time high. Fed meeting on Tuesday and Wednesday will take a life of its own with will they or wont they analysis. Tuesday may not be turnaround Tuesday.

BLOG does NOT give buy or sell.

Saleem

US stock market keeps going UP......

 US Stock market has been on a roll .

S&P made series of new all time highs.

US stock market doing daily rotation into different sectors.

Nasdaq has taken lead in this rotation.

XLE or energy stocks are 2nd leading sector which is nice.

S&P 500 is 3rd leading sector

Russell 2000 is in a respectable 4th position....

SOX is 5th leading sector...

SLV or silver is 6th leading sector

None of the sector is really overbought highest RSI is 64.26 for Nasdaq

DOW is lagging badly with RSI of only 54.46

TAN or solar stocks @ 54.68 RSI

JETS  or airlines are @ bargain 48.99 RSI

XLB or material sector @ 49.04 RSI...

Last week Technology made a huge move along with SOX & Russell which has calmed the nerve of die hard core technology investors and traders.

To say the least, this market has no real trend of favorites depends on the day or week.

YES....this is a difficult TAPE which keeps you on your toes as to where to invest / trade.

Best approach so far has been to be broadly diversified and play the daily trend.

Many technicians feel this is a very vulnerable market for a sharp pullback, ironically this has not panned out YET....

We seems to be in a rotational correction based on what I have observed as per RSI analysis.

SO...one can reduced exposure but never be out of a boring TAPE. 

This market can explode UP without notice.....

Good luck with your own analysis and comfort level

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .04% to .35%...NICE !!!!

 Indices closed UP near high of the day which is extremely positive. This is a stealth bull market which keeps moving UP although slowly. S&P 500 @ new all time high.

S&P 500 @ 4247.44, high 4248.38, low 4232.25

RSI @ 62.49

CMF @ -0.01

Internals were :

UP volume led by 1.73 to 1 in NYSE & 1.79 to 1 in Nasdaq

Advancing stocks led by 1.83 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk highs were leading by 333 in NYSE & 151 in Nasdaq

VIX Down 2.80% @ 15.65

Oil @ $70.91

Gold @ $1879.60

Canadian $ @ .7836

Stocks which were UP 1% or more included CNX MGM NIO WEED SOL

LULU SQ LSPD PLTR M X VUZI BYD JBLU SWKS FUBO SCHW

FCX CLF DASH PENN GOOS DOCU PLAN SHOP ZM CRWD 

ESTC ENPH VICR MOMO BZUN NVDA TWLO SNAP JWN

JKS MCD ULTA CMG MSTR....

In my portfolio :

Bought NCLH @ $31.50

Sold LULU @ $333.00

Here is my portfolio weighting :

MGM          33.10%

CNX           19.24%

NIO            18.91$

HST            10.38%

WEED         8.46%

NCLH         6.00%

SOL           3.91%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .06% to .78%...NICE !!!!

 Indices closed UP

S&P 500 @ 4239.18, high 4249.74, low 4220.34

RSI @ 61.21

CMF @ -0.019

Internals were :

UP volume led by .96 to 1 in NYSE & .92 to 1 in Nasdaq

Advancing stocks led by 1.25 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 470 in NYSE & 171 in Nasdaq

VIX Down 10.17% @ 16.10

Oil @ $70.29

Gold @ $1896.40

Canadian $ @ .7901

In my portfolio Bought SOL @ $9.26

Portfolio CNX HST LULU MGM NIO WEED SOL

Stocks which were UP 1% or more included CNX HST SOL

CCJ SQ X NVTA BMBL PYPL MRVL FSLR SNAP PAAS

DASH BIDU AMD SPWR JKS ENPH CSIQ GOLD ZI

PANW PLAN ZM CRWD ESTC DDOG TER MOMO

ASML TWLO AEM AMZN FEYE SPLK ROKU CMG

LRCX JKS...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong in technology & solar stocks. S&P 500 made a new all time high despite hotter than expect CPI which was greeted with a yawn. Internals were mixed. Friday should create more new all time highs, how we close will give a verdict on this market.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .09% to .44%....

 Indices closed down.

S&P 500 @ 4219.55, low 4218.74, high 4237.09

RSI @ 58.05

CMF @ -0.078

Internals were :

Down volume led by 1.44 to 1 in NYSE & 1.14 to 1 in Nasdaq

Declining stocks led by 1.12 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 506 in NYSE & 196 in Nasdaq

VIX UP 4.80% @ 17.89

Oil @ $69.96

Gold @ $1895.50

Canadian $ @ .7895

In my portfolio Sold BTCC.U.TO @ $6.65

Portfolio CNX HST LULU MGM NIO WEED

Stocks which were UP 1% or more included BTCC

AG ACB TLRY COIN M X TSM TRIP NVTA

BMBL FSLR JKS TWTR SNAP PAAS MGNI

RIOT CLF MSTR PFE DADA IQ MOMO YY

QS ....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ low of the day, lot of churning near all time high. Internals were mostly lower. Inflation fear gripping market, CPI data will be in focus which is expected to be hottest, a test for this market strength.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4227.26, high 4236.74, low 4208.41

RSI @ 59.83

CMF @ -0.006

Internals were :

UP volume led by 1.29 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 1.74 to 1 in NYSE & 1.66 to 1 in Nasdaq

Net new 52 wk highs were leading by 553 in NYSE & 252 in Nasdaq

VIX UP 3.96% @ 17.07

Oil @ $70.05

Gold @ $1894.40

Canadian $ @ .7898

In my portfolio bought BTCC.U.TO @ $6.04

Portfolio CNX HST LULU MGM NIO WEED BTCC

Stocks which were UP 1% or more included CNX HST MGM

ACB TLRY BYD NVTA NCLH MRVL FSLR MGNI CLF

AI RUN SPWR DKNG GAN CSIQ JKS DADA GOOS

DAL NTAP DDOG ENPH LIYE SEDG EAT HUYA 

MOMO BZUN AMZN YELP ULTA CMG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed with jobs demand rising @ highest level fearing wage inflation. Nasdaq continued moving higher and Solar stocks staged a nice bounce from oversold condition. Gaming stocks were UP reflecting packed casinos. Russell 2000 staged a nice rally. Internals were strong.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4226.52, low 4215.66, high 4232.34

RSI @ 59.72

CMF @ -0.074

Internals were :

UP volume led by 1.06 to 1 in NYSE & 3.56 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 566 in NYSE & 243 in Nasdaq

VIX @ 16.42

Oil @ $69.23

Gold @ $1898.80

Canadian $ @ .7931

Portfolio CNX HST LULU MGM NIO WEED

Stocks which were UP 1% or more included CNX HST MGM NIO WEED

BB PLTR ACB TLRY M VUZI NVTA ROKU NCLH CCL TWTR MGNI

FUBO PINS RUNS SPWR ENPH DKNG GAN SNOW MSFT LYFT

DOCU SHOP CRWD DDOG EAT BYND FB TSLA DDD QS SQ

OSTK ULTA ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed with Nasdaq staying in green, most technology stocks were strong. Cruise lines, gaming did well also. This market keeps everyone guessing about its preference or rotation which is very evident. Staying well diversified keeps you in the game.

BLOG does NOT give buy or sell.

Saleem

US stock market is in full bull mode....

 US stock market is looking ahead 6 months, It likes what it sees.....

End of December is where US stock market is looking @....

Christmas time

New Year on the horizon

COVID-19 is in rear view

Full employment

Factories producing as much as market will bear

Inflation is helping Corporation profits

YES interest rates are in control around 2%

Business is booming

Travel is in full speed

That is a very good scenario for world stock markets

When was the last time we came out of any crisis so well prepared .....maybe after World War 2

The sector which IS the strongest in entire market is XLE ENERGY with RSI @ 67.74....surprise surprise...

Second best sector based on RSI of 62.91 is GOLD...surprise surprise

Third best is old & dependable DOW with RSI @ 62.63

Most of the major widely followed Indices are only 1 day away from making a new all time highs...notable among them are SLV...YES Silver followed by XLB...yes Materials....

S&P 500 and Russell 2000 are also staring @ new all time highs....

Guess what....Nasdaq is about 400 points away from making new all time highs....with an RSI of 56.68

Biggest laggard / bargain is TAN solar stocks with an RSI of 45.98 followed by JETS yes Airlines with an RSI of 49.98

SOX is fighting back with a respectable RSI of 59.18

Do NOT forget gaming stocks, they are red hot, casinos are packed and Barron's loving IT with a banner headline to buy MGM & BYD....roll the dice....YES!

SO...this is a snapshot of this " bull market " ready to roar again....to series of all time highs...

Please do your homework and be well diversified....things are looking UP!

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .52% to 1.47%....NICE !!!!

 Indices closed UP on not too hot jobs report. All sector participated including technology in forefront, Nasdaq was the-best performing today. All Indices are close to making new all time highs. Internals were positive.

S&P 500 @ 4229.89, high 4233.45, low 4206.05

RSI @ 60.41

CMF @ -0.053

Internals were :

UP volume led by 1.39 to 1 in NYSE & 1.40 to 1 in Nasdaq

Advancing stocks led by 2.03 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new 52 wk highs were leading by 439 in NYSE & 131 in Nasdaq

VIX Down 8.98% @ 16.42

Oil @ $69.62

Gold @ $1892.00

Canadian $ @ .7910

Stocks which were UP 2% or more included LULU NIO

CCJ TECK CRM LSPD TSM PYPL QRVO RIOT 

DASH RUN INTC MSFT DOCU ZI ZM NTAP

UBER TER ASML NVDA TSLA LRCX IQ

AMAT TWTR JKS MU CIEN ORCL....

Here is my portfolio weighting :

MGM     26.97%

LULU    22.77%

CNX      16.26%

NIO       15.49%

HST      10.18%

WEED   8.23%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed down .07% to 1.03%....

 Indices closed down.

S&P 500 @ 4192.85, low 4167.93, high 4204.39

RSI @ 55.05

CMF @ -0.035

Internals were :

Down volume led by 1.36 to 1 in NYSE & .72 to 1 in Nasdaq

Declining stocks led by 1.45 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 254 in NYSE & 95 in Nasdaq

VIX UP 3.20% @ 18.04

Oil @ $68.81

Gold @ $1873.30

Canadian $ @ .7880

Portfolio CNX HST LULU MGM NIO WEED.TO

Stocks which closed green included SU BB SCHW

PFE NRNA CIEN ESTC NTAP NVAX NVDA 

FFIV SLB LNG MGA ORCL MS TLRY....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed down on jobs data and upcoming Jobs report @ 830 AM on Friday. Market is very sensitive to strong jobs data and average wages which may be interpreted as Fed excuse to tinkering with rates, this is premature.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .07% to .14%....NICE !!!!

 Indices closed UP

S&P 500 @ 4208.12, high 4217.37, low 4198.27

RSI @ 58.06

CMF @ -0.074

Internals were :

UP volume led by 2.06 to 1 in NYSE & 2.76 to 1 in Nasdaq

Advancing stocks led by 1.34 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 550 in NYSE & 173 in Nasdaq

VIX Down 2.35% @ 17.48

Oil @ $68.83

Gold @ $1909.90

Canadian $ @ .7949

Portfolio CNX HST LULU MGM NIO WEED

Stocks which were UP 2% or more included WEED.TO 

SU BB PLTR ACB M CNQ AAL CCL FUBO RIOT AI

MSTR SPWR JKS DKNG AUY NVAX MRNA BYND 

SPLK DDD NVDA QS OXY SLB OSTK TLRY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE ended green but faded again by close, an ongoing pattern. Internals were strong. Many sectors participated today including technology which was comforting to many traders. Fed beige book minutes was as expected. After hour Fed announced some curtailment of emergency funds.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed

S&P 500 @ 4202.04, low 4197.59, high 4234.12

RSI @ 57.20

CMF @ -0.049

Internals were :

UP volume led by 3.51 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 2.54 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new 52 wk highs were leading by 621 in NYSE & 257 in Nasdaq

VIX UP 6.8% @ 17.90

Oil @ $67.72

Gold @ $1905.00

Canadian $ @ .7965

In my portfolio :

Sold AG @ $18.68

Bought LULU @ $319.00

Portfolio CNX HST LULU MGM NIO WEED.TO

Stocks which were UP 3% or more included CNX NIO AG

CCJ SU BB APA VUZI SAVE RCL CNQ MGNI RIOT

FCX AI PDD KRA BA IQ HUYA MOMO BZUN

OXY SLB JKA....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE started strong but faded by close, only DOW closed UP. Oil was @ multi year high as driving and travel season is in full swing. Energy stocks were staging breakout in a decisive manner. Internals were mostly positive. Rotation has shifted in a big way but old habit is preventing many traders to see the light.

BLOG does NOT give buy or sell.

Saleem