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