Indices closed down .04% to .13%.....

 Indices closed down.

S&P 500 @ 4522.68, low 4515.80, high 4531.39

RSI @ 64.73

CMF @ 0.249

Internals were :

UP volume led by 1.47 to 1 in NYSE & 2.04 to 1 in Nasdaq

Advancing stocks led by 1.23 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new 52 wk highs were leading by 199 in NYSE & 95 in Nasdaq

VIX UP 1.79% @ 16.48

Oil @ $68.50

Gold @ $1818.10

Canadian $ @ .7367

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included CNX PLTR XPEV

NIO CCJ APA LSPD ACB VUZI SAVE SNAP AAL CCL

FUBO BIDU SNOW PDD JD EAT BZUN BABA API

QS JWN LVS TLRY....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was slightly lower @ close. Internals were positive. Some pundits are predicting 15% pullback for almost 1 full year and has not happened. Risk reward ratio favors a well diversified portfolio which can gain double of any pullback, so stay put.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4528.79, high 4537.36, low 4513.76

RSI @ 66.13

CMF @ 0.313

Internals were :

Down volume led by 1.48 to 1 in NYSE & .67 to 1 in Nasdaq

Declining stocks led by 1.16 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 299 in NYSE & 190 in Nasdaq

VIX Down 1.22% @ 16.19

Oil @ $69.21

Gold @ $1812.20

Canadian $ @ .7390

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included XPEV

AFRM SOL LULU SQ LSPD COIN AAPL PYPL

MRVL FSLR TWTR SNAP SWKS LAC FUBO

DASH CSIQ MSFT DADA SHOP ESTC DDOG

SEDG TWLO FB TSLA AMZN NFLX....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed but made another new all time highs in S&P 500 and Nasdaq. DOW taking a breather. Internals were weak. Technology stocks were strong as EU placed new restriction on US airlines. Restart stocks took a hit due to uncertainty due to Delta variant.

BLOG does NOT give buy or sell.

Saleem

New all time highs continues in US stock market.....

 US stock market continued its bull run by making series of new all time highs in S&P 500 and Nasdaq.

DOW is only 150 points away from making new all time high.

All this bullish phase in US stock market accelerated when Fed Chief played down fear of imminent taper and higher interest rate.

From Friday @ 10 AM...rally was ON.....

All Indices closed near high of the day.

It was interesting to see that reopen trades are catching bid also.

Friday and current rally is extremely broad based with most sectors participating.

Until Friday of coming week, it will be smooth sailing with DOW also joining the rank of series of new all time highs.

Friday is jobs report which should exceed expectations again, focus will be on wages with inflation in mind.

As far as Fed is concerned inflation target is met but jobs are 9 million short of target.

Many reopen stocks has a long way to go as they have lagged badly and is still far far away from their all time highs.

It is highly recommended to overweight reopen trades and stay with it with patience and conviction.

Besides Airlines, Cruise lines, Energy stocks are the biggest bargain and must be overweight in every portfolio.

With travel and driving in focus for Labor day weekend, use of energy should jump.

Category 4 storm landing in oil belt should also help oil prices.

Technology remains strong as they keep moving up in a steady format, some semiconductor & equipment makers are off their highs and present a good opportunity to profit from chip shortage.

All in all we are looking @ great investing climate going forward.

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .69% to 1.23%...NICE !!!!

 Indices closed UP on assurance by Fed Chief that only inflation target is met, rest still not so sure @ this stage, market loved this take by Fed and closed near high of the day. Restart stocks were huge winners including Energy stocks.

S&P 500 @ 4509.37, high 4513.33, low 4474.10

RSI @ 63.81

CMF @ 0.251

Internals were :

UP volume led by 6.62 to 1 in NYSE & 3.64 to 1 in Nasdaq

Advancing stocks led by 5.20 to 1 in NYSE & 3.42 to 1 in Nasdaq

Net new 52 wk highs were leading by 252 in NYSE & 148 in Nasdaq

VIX Down 13.00% @ 16.39

Oil @ $68.74

Gold @ $1819.50

Canadian $ @ .7383

Stocks which were UP 2% or more included

CNX HST MGM NCLH PLTR RIOT 

SOL SU CNQ SLB OXY AG CCJ GE

BB TECK APA LSPD COIN BYD

DKNG GAN NVTA LAC FUBO KL

SEDG TER BA NVDA AEM LRCX

AMAT DDD AMD FB X.....

Here is my portfolio weighting :

HST      26.58%

CNX     20.90%

UAL     12.88%

XPEV    8.46%

MGM    7.80%

NCLH   7.06%

WEED  6.69%

RIOT    5.78%

PLTR    3.85%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed down .54% to .64%....

 Indices closed down.

S&P 500 @ 4470.00, low 4468.99, high 4495.90

RSI @ 58.45

CMF @ 0.182

Internals were :

Down volume led by 4.28 to 1 in NYSE & 1.37 to 1 in Nasdaq

Declining stocks led by 2.99 to 1 in NYSE & 1.84 to 1 in Nasdaq

Net new 52 wk highs were leading by 68 in NYSE & 46 in Nasdaq

VIX UP 12.21% @ 18.84

Oil @ $67.42

Gold @ $1795.20

Canadian $ @ .7343

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included PLTR

CRM TSM MGNI DASH PINS SNOW

PANW PENN ZM CRWD NTAP JD

LSCC WB BZUN AMZN CRUS

NFLX YY API MRNA.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed slightly lower on terrorist attack on US soldiers resulting in death & injuries in Kabul Afghanistan. Now all eyes on Fed chief virtual address for Jackson Hole, it should be business as usual with a commentary on current US data which is robust.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .11% to .22%...NICE !!!

 Indices closed UP.

S&P 500 @ 4496.19, high 4501.71, low 4485.66

RSI @ 67.90

CMF @ 0.230

Internals were :

UP volume led by 1.78 to 1 in NYSE & 1.86 to 1 in Nasdaq

Advancing stocks led by 1.49 to 1 in NYSE & 1.31 to 1 in Nasdaq

Net new 52 wk highs were leading by 216 in NYSE & 109 in Nasdaq

VIX Down 2.50% @ 16.79

Oil @ $68.36

Gold @ $1791.00

Canadian $ @ .7372

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included

CNX HST MGM NCLH UAL 

AFRM MU TECK APA LSPD

BYD TSM MRVL WYNN AAL

LAC CCL MSTR PINS DKNG 

PANW LYFT NXPI PENN ZI

CRWD UBER NVDA SPLK

JKS WYNN LVS ULTA....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE stayed green until close while S&P 500 & Nasdaq made a new all time high. Internals were positive. Reopen stocks stayed green again along with strong technology stocks. Jackson Hole Fed virtual address remains in focus which may create volatility in anticipation.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .09% to .52%...NICE !!!

 Indices closed UP.

S&P 500 @ 4486.23, high 4492.81, low 4482.28

RSI @ 63.02

CMF @ 0.211

Internals were :

UP volume led by 3.65 to 1 in NYSE & 3.14 to 1 in Nasdaq

Advancing stocks led by 2.17 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 147 in NYSE & 55 in Nasdaq

VIX UP .41% @ 17.22

Oil @ $67.54

Gold @ $1808.50

Canadian $ @ .7383

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included

HST MGM WEED NCLH RIOT UAL XPEV

HOOD SOL CSIQ JKS NIO SU GE BB M X

BYD JBLU AAL SAVE RCL WYNN CCL 

MGNI FUBO CLF AI DKNG GAN PANW

PENN SHOP TOL DAL PDD JD BZUN

SPLK DDD OXY BABA LVS TLRY...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed green, S&P 500 and Nasdaq made another new all time high while DOW is taking a well deserved rest. Internals were positive. Some technology stocks rested while security stocks took off. Many organization are taking a firm approach on Vaccine & Mask which is reflecting in positive action in reopen stocks.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .61% to 1.55%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4479.53, high 4489.88, low 4450.29

RSI @ 63.15

CMF @ 0.237

Internals were :

UP volume led by 3.46 to 1 in NYSE & 6.59 to 1 in Nasdaq

Advancing stocks led by 2.46 to 1 in NYSE & 2.80 to 1 in Nasdaq

Net new 52 wk highs were leading by 136 in NYSE & 41 in Nasdaq

VIX Down 7.60% @ 17.15

Oil @ $65.64

Gold @ $1806.30

Canadian $ @ .7332

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included

MGM WEED NCLH PLTR RIOT UAL XPEV

HOOD NIO SU CCJ BB TECK APA BYD 

JBLU SAVE AAL TSM NVTA BMBL 

MRVL WYNN SNAP PAAS CNQ LAC

CCL MGNI FUBO FCX CLF BIDU

RUN AMD SPWR GAN SNOW CSIQ

LYFT KL DAL MTCH ENPH PDD JD

SEDG MRNA BA BYND BZUN NVDA

TSLA AEM LRCX AMAT YY DDD JWN

OXY SLB LNG TLRY.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was strong in anticipation of soothing word from Fed. All sectors participated in todays run. Internals were strong. It was an unusual day when all boats were lifted as some of them were trashed recently. Selling do run its course. When it was all said and done S&P 500 and Nasdaq made a new all time high today.

BLOG does NOT give buy or sell.

Saleem

Message of US stock market.....

 US & world stock market is looking for many answers.....

How fast Delta variant going to spread

When Fed Taper will start

Chips shortage impact on many sectors

Deficit financing impact worldwide

Chinese slowdown in economic activity

How to check fake vaccine documents

September school impact on children exposure as adults may spread Covid-19 to minors

Used cars prices impact on economy

Gasoline price impact on travel, when it goes UP does not come down.....

SO...with so many question marks, markets are trading in a very narrow range...

Strong sectors / stocks tested 50 DMA and made a comeback.

Weak sectors and stocks are stuck near lows and stuck in 200 DMA area....

Neutral sectors / stocks are in between 200 DMA & 50 DMA

Market verdict is clear......needs a decisive approach & results on many fronts......

While we sort all the mess, market is in a holding pattern

Market has a history of marking time until it sees " more clarity "

Vaccine or not to vaccine is taking center stage in many countries...employers are mandating or lose your job approach

Negative Covid-19 results are being demanded for transit and crowd situations in many countries to prevent a devastating wave of Delta variant....

It is NOT business as usual for world stock market, Hong Kong is in Bear market......

US stock market is swinging near 50 DMA which is not healthy......

For active investors / traders needs understanding of current uncertainty 

Comfort level needs to be very high with each strategy in stock selection, dead stocks are staying dead

Only few high profile stocks are keeping market averages above 50 DMA...IF they fall we are heading lower in a hurry...

SO...staying calm, patient and high comfort level may be the only approach until " we can see clearly "

Good luck with your own strategy!

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .65% to 1.19%...NICE!!!

 Indices closed near high of the day after defending 50 DMA 2 days in a row. Most sector participated in today's strong action.

S&P 500 @ 4441.67, high 4444.35, low 4406.80

RSI @ 56.81

CMF @ 9.259

Internals were :

UP volume led by 3.57 to 1 in NYSE & 2.58 to 1 in Nasdaq

Advancing stocks led by 2.37 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new 52 wk lows were leading by 2 in NYSE & 198 in Nasdaq

VIX Down 14.35% @ 18.56

Oil @ $62.14

Gold @ $1784.00

Canadian $ @ .7142

Stocks which closed UP 1% or more included 

HST MGM NCLH RIOT XPEV

SOL FSLR SEDG JKS NIO CCJ SQ

LSPD COIN M ROKU NVTA MRVL 

SNAP LAC MSTR PINS RUN GAN 

MSFT PENN TOL PDD KRA LVS

NVDA SPLK DDD JWN WB OSTK....

Here is my portfolio weighting :

HST        26.38%

CNX       21.48%

UAL       12.76%

XPEV      8.73%

MGM      7.42%

WEED    6.98%

NCLH    6.85%

RIOT     5.53%

PLTR    3.87%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4405.80, high 4418.61, low 4367.73

RSI @ 50.69

CMF @ 0.256

Internals were :

Down volume led by 3.69 to 1 in NYSE & 1.49 to 1 in Nasdaq

Declining stocks led by 2.59 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new 52 wk lows were leading by 97 in NYSE & 243 in Nasdaq

VIX UP .46% @ 21.67

Oil @ $63.69

Gold @ 21.67

Canadian $ @ .7204

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included RIOT

LULU CRM COIN M MRVL QRVO

SWKS MSTR AMD GAN MSFT

DOCU ZI CRWD ASML NVDA

TWLO LRCX AMAT GOOG

NFLX YY JWN CMG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed Mixed but internals were negative for days. Market is going through an uncertain period where it is searching for many answers in economic picture. AH earnings were greeted with positive action which may help Friday's action.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .89% to 1.08%....

 Indices closed down.

S&P 500 @ 4400.27, low 4397.59, high 4454.32

RSI @ 49.66

CMF @ 0.268

Internals were :

Down volume led by 3.16 to 1 in NYSE & 1.01 to 1 in Nasdaq

Declining stocks led by 2.43 to 1 in NYSE & 1.46 to 1 in Nasdaq

Net new 52 wk high were leading by 5 in NYSE & lows by 96 in Nasdaq

VIX UP 20.44% @ 21.57

Oil @ $65.46

Gold @ $1784.40

Canadian $ @ .7358

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included MGM PLTR XPEV

HOOD SOL NIO X TRIP BMBL LAC CCL CLF DASH GAN

DKNG GOOS MTCH ESTC PDD JD LITE EAT WB TSLA

DDD YELP TLRY.....

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE ended near low of the day on Fed minutes which noted all the strength & Fed goals to start taper has been met thus there was immediate selling by High Frequency Traders. Now that selling is out of the way, market can start rebuilding again, hopefully Nasdaq 50 DMA will hold by close on Thursday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .71% to .93%....

 Indices closed down.

S&P 500 @ 4448.08, low 4417.83, high 4462.12

RSI @ 59.57

CMF @ 0.361

Internals were :

Down volume led by 2.95 to 1 in NYSE & 1.62 to 1 in Nasdaq

Declining stocks led by 2.93 to 1 in NYSE & 2.55 to 1 in Nasdaq

Net new 52 wk lows were leading by 10 in NYSE & 2777 in Nasdaq

VIX UP 11.10% @ 17.91

Oil @ $66.59

Gold @ $1787.80

Canadian $ @ .7429

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included XPEV

ACB ROKU NVTA PFE PLAN NVAX

MRNA SPLK NFLX OLED AMD

ORCL......

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was down from open on flow of weak earnings and weak economic data. Indices closed down but well off their lows. Internals were weak. Hopefully Wednesday close will be optimistic.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4479.71, high 4480.26, low 4437.66

RSI @ 67.89

CMF @ 0.377

Internals were :

Down volume led by 2.42 to 1 in NYSE & 1.95 to 1 in Nasdaq

Declining stocks led by 1.75 to 1 in NYSE & 2.20 to 1 in Nasdaq

Net new 52 wk high were leading by 137 in NYSE & lows by 170 in Nasdaq

VIX UP 4.34% @ 16.12

Oil @ $67.29

Gold @ $1789.80

Canadian $ @ .7429

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included AAPL PYPL GAN

MSFT KRA UPS DHI NKE LRCX AMAT GOOG

NFLX FB MCD V.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed after being sharply lower @ open on weak retail sales data from China & US exit from Afghanistan, by close all Indices closed @ high of the day. S&P 500 & DOW made another all time high close. Internals were very weak. Lot of ink is being wasted on Fed taper when to announce and when to start and by how much.

BLOG does NOT give buy or sell.

Saleem

US stock market is coasting along nicely!

 Many pundits are trying to prove in desperation that US stock market is " wrong in going UP "

Just because pundits have been predicting demise of this bull run for last 18 months, does not mean that pullbacks are imminent.

On the contrary, US stock markets have been correcting in an orderly manner with a well known concept of " ROTATION "

But pundits are looking to issue command to US stock market " as if its going to listen to their miniscule trading  position which keeps changing "

Many technicians are only looking for charts which tells them pullbacks of 20% are here for sure...heard that and ignored that...

We are constantly being told that with wrong thesis that " OH market is only going UP because of this and because of that "

Stock market goes UP because it wants to go UP.......

When I look @ entire stock market, not a single sector looks deeply overbought while markets have been making series of all time highs for months....

Actually most of the sectors are looking oversold based on RSI..a strange phenomenon @ all time new highs....

XLB & S&P 500 are sporting RSI of 66.55 & 66.27 they are #1 & #2 highest in my universe...

Nasdaq @ RSI of 58.27 looks oversold which is #3 in my universe.....I think I have made my point...

SO a well diversified portfolio with maximum exposure is more desirable now than ever.....RSI numbers do not lie.....

Markets go up for a lot of reasons which depends on what stock market sees ahead in 6 months...in March US & World markets see lot of good things.....

World economy in spring will usher a new era of post pandemic boom

You will be wise & prudent to see that and position in stock market accordingly....while rotation will keep happening.....

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .04% to .16%....NICE !!!!

 Indices closed UP with DOW & S&P 500 making a new all time closing high. Internals were weak again.

S&P 500 @ 4468.00, high 4468.37, low 4460.82

RSI @ 66.27

CMF @ 0.311

Internals were :

Down volume led by 1.31 to 1 in NYSE & 1.75 to 1 in Nasdaq

Declining stocks led by 0 to 0 in NYSE & 1.85 to 1 in Nasdaq

Net new 52 wk high were leading by 219 in NYSE & low by 18 in Nasdaq

VIX Down .90% @ 15.45

Oil @ $68.44

Gold @ $1778.20

Canadian $ @ .7484

Stocks which closed green included HOOD MU AG CRM

COIN X QCOM MSTR DASH AMD PFE SNOW GOLD 

MSFT PANW NEM AEM KL PLAN DDOG NVAX NKE

NVDA AEM NFLX NTNX MCD......

Here is my portfolio weighting ;

HST        26.13%

CNX       21.99%

UAL       12.73%

XPEV      8.55%

MGM      7.37%

WEED    7.14%

NCLH     6.86%

RIOT      5.44%

PLTR     3.79%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem 

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

 Indices closed UP.

S&P 500 @ 4460.83, high 4461.77, low 4435.96

RSI @ 65.28

CMF @ 0.233

Internals were :

Down volume led by 1.53 to 1 in NYSE & .88 to 1 in Nasdaq

Declining stocks led by 1.18 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new 52 wk high were leading by 183 in NYSE & low by 30 in Nasdaq

VIX Down 2.93% @ 15.59

Oil @ $69.09

Gold @ $1751.80

Canadian $ @ .7477

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which closed green included CNX MGM PLTR

CRM AAPL NVTA BMBL FSLR LAC SCHW RIDE 

RUN PFE SPWR DKNG SNOW PENN ZI PLAN

SHOP ZM CRWD ESTC DDOG NVAX MRNA

NVDA TWLO TSLA SPLK NTNX FB OSTK 

ULTA CMG....

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed green but internals were weak. DOW & S&P 500 made a new all time high. Technology stocks fared better today. VIX is @ low of the range which means a mini pullback is in the card. Stay well diversified to protect with minor pullbacks.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4447.70, high 4449.44, low 4436.42

RSI @ 63.44

CMF @ 0.211

Internals were :

UP volume led by 2.39 to 1 in NYSE & 1.22 to 1 in Nasdaq

Advancing stocks led by 2.08 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 237 in NYSE & 24 in Nasdaq

VIX Down 4.35% @ 16.06

Oil @ $69.25

Gold @ $1753.30

Canadian $ @ .7483

Portfolio CNX HST MGM WEED NCLH PLTR RIOTUAL XPEV

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

AFRM AG LSPD COIN VUZI BYD JBLU SAVE TRIP BMBL 

RCL PAAS AAL LAC CCL FUBO FCX PLAN KL TOL DAL

DDOG KBH DHI PHM BA SPLK OXY SLB MS OSTK

ULTA M......

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed again a daily ritual a pattern not going to change going forward, a sign of " great rotation ". DOW & S&P 500 made a new all time highs. Internals were positive. Most stocks in reopen trade came back to life even they were down early on like airlines, a sign of things to come.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4436.75, high 4445.21, low 4430.03

RSI @ 61.88

CMF @ 0.166

Internals were :

UP volume led by 1.80 to 1 in NYSE & .76 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & .87 to 1 in Nasdaq

Net new 52 wk highs were leading by 162 in NYSE & 21 in Nasdaq

VIX UP .42% @ 16.79

Oil @ $68.29

Gold @ $1731.70

Canadian $ @ .7466

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included HST NCLH UAL

SU CCJ GE TECK FCX CLF APA M X JBLU RCL CNQ LAC 

CCL FUBO DASH PFE CSIQ LYFT GOOS DAL ELF DDD

FSR JWN OXY MGA ULTA.....

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE closed mixed with Nasdaq down while DOW & S&P 500 in new all time highs. Internals were also mixed. Rotation is on which is good going forward. Stay in a well diversified portfolio with technology underweight & reopen stocks overweight.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed

S&P 500 @ 4432.35, low 4424.74, high 4439.39

RSI @ 61.27

CMF @ 0.137

Internals were :

Down volume led by 1.41 to 1 in NYSE & .63 to 1 in Nasdaq

Declining stocks led by 1.63 to 1 in NYSE & 1.11 to 1 in Nasdaq

Net new 52 wk highs were leading by 133 in NYSE & 47 in Nasdaq

VIX UP 3.53% @ 16.72

Oil @ $65.43

Gold @ $1726.50

Canadian $ @ .7426

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

 Stocks which were UP 2% or more included PLTR RIOT XPEV

HOOD SOL NIO COIN X SNAP LAC FUBO SCHW CLF AI

MSTR RUN SPWR GAN CSIQ ENPH PDD JD NVAX

MRNA TSLA DDD QS FEYE OSTK TLRY.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gas UP

About market, Nasdaq closed green while internals were weak. Drugs dominated along with Crypto currencies which blew past resistance of 200 DMA. Market has formed a rotational pattern which is very healthy, a diversified portfolio is working.

BLOG does NOT give buy or sell.

Saleem

US stock market going UP.....

 US stock market is in a very strong position currently.

Job growth was better than expected.....

DELTA variant has scared enough non compliant that vaccination is in focus, thus a solution may be on the way.

China is cracking down on major companies and on gaming addiction, this will reroute money in relatively safer from regulations / crackdown in US companies

Most countries are doing smart lockdown to deal with Delta variant means act fast and shut down only areas impacted

US stock markets are not overbought, many are non- believers in this rally and waiting for correction / pullback

DOW, S&P 500 NASDAQ & SOX are @ or near all time high but are showing reasonable RSI numbers, DOW is actually showing 57.56 RSI @ new all time high...never heard of this kind of disbelief by traders / investors......

Highest RSI is @ 62.43 in SOX which is near all time high......

Most undervalued from RSI point of view is SLV @ 32.91 silver is an industrial metal used in many products.....

Surprisingly XLE RSI is 46.06, energy stocks has been trashed lately along with slight downward pressure in Oil....which can reverse to new 6 years high in a hurry.....

JETS RSI @ 46.57 is attractive as bookings are near pre 2019 level for September....a prediction which may become reality in days....

Markets will do what it wants to do, you have to buy stocks before it rockets UP, a wise & productive trading / investing strategy.

US stock market profile is changing fast, one needs to position accordingly.....

There was a time to be " all in technology "...currently may not be a very productive approach...

Technology needs to be underweight in your portfolio.....

Restart  of economy stocks needs to be overweight.....

A little patience & conviction is a good trading / investing strategy.......

Please evaluate your exposure and make a very quick adjustment to reflect US & world economy are eager to open everything up with social distancing.

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed with Nasdaq down and DOW plus S&P 500 higher and @ new all time closing high. Jobs report was almost 100,000 higher than expected. 10 year yield ticked up despite that technology stocks behaved much better than expected.

S&P 500 @ 4436.52, high 4440.82, low 4429.07

RSI @ 62.15

CMF @ 0.169

Internals were :

UP volume led by 1.65 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 1.33 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new 52 wk highs were leading by 206 in NYSE & 80 in Nasdaq

VIX Down 6.54% @ 16.15

Oil @ $68.28

Gold @ $1763.10

Canadian $ @ .7432

Stocks which were UP 2% or more included HST NCLH RIOT

HOOD SOL X CNQ CCL MGNI SCHW FCX CLF MSTR

DKNG UBER SEDG KRA JWN YELP.....

Here is my portfolio weighting :

HST        26.14%

CNX       22.46%

UAL       12.85%

XPEV       8.65%

WEED     7.50%

MGM      7.16%

NCLH     6.72%

RIOT      5.24%

PLTR     3.28%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .60% to .78%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4429.10, high 4429.76, low 4408.86

RSI @ 61.22

CMF @ 0.197

Internals were :

UP volume led by 2.50 to 1 in NYSE & 2.54 to 1 in Nasdaq

Advancing stocks led by 2.06 to 1 in NYSE & 2.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 194 in NYSE & 72 in Nasdaq

VIX Down 3.84% @ 17.28

Oil @ $69.09

Gold @ $1808.90

Canadian $ @ .7509

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 4% or more included

HST MGM WEED NCLH UAL

BB SQ LSPD ACB COIN M

BYD JBLU SAVE AAL DAL

TRIP RCL CCL FUBO MSTR

LYFT ZI ESTC DDOG EXPE

DDD JWN WYNN LVS OSTK...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ high of the day with S&P 500 @ new all time high. Most restart stocks participated in a big way along with stay home with good earnings. Internals were strong. Its all about jobs report @ 830 AM 85000 job growth expected which should be an  easy target.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4402.66, low 4400.23, high 4416.17

RSI @ 57.81

CMF @ 0.178

Internals were :

Down volume led by 3.95 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by 2.03 to 1 in NYSE & 1.84 to 1 in Nasdaq

Net new 52 wk highs were leading by 189 in NYSE & 20 in Nasdaq

VIX Down .39% @ 17.97

Oil @ $68.15

Gold @ $1814.50

Canadian $ @ .7447

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which closed green included MGM RIOT XPEV

HOOD MU NIO LULU CRM LSPD COIN NVTA 

SNAP MSTR AMD GAN PANW NXPI DOCU

ZI SHOP ZM CRWD ESTC ENPH JD NVAX

MRNA NVDA TWLO FB LRCX BABA

NFLX OLED.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed with Nasdaq closing near high of the day while DOW & S&P 500 closed red and near low of the day. Internals were negative. Stay home & technology stocks did well. After hour earnings report reaction was negative.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .55% to .82%...NICE !!!!

Indices closed UP.

S&P 500 @ 4423.15, high 4423.79, low 4373.00

RSI @ 61.72

CMF @ 0.255

Internals were :

UP volume led by 2.06 to 1 in NYSE & 1.29 to 1 in Nasdaq

Advancing stocks led by 1.60 to 1 in NYSE & .95 to 1 in Nasdaq

Net new 52 wk highs were leading by 190 in NYSE & 10 in Nasdaq

VIX Down 7.30% @ 18.04

Oil @ $70.56

Gold @ $1814.10

Canadian $ @ .7447

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 1% or more included CNX UAL

HOOD AFRM MU SU LULU GE APA MX M FSLR

QRVO CNQ CLF PINS RUN AMD SNOW CSIQ

ZI KL DDOG ENPH SEDG MRNA NKE BA 

ASML AMZN FFIV LNG ORCL ULTA CMG...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE opened lower but closed @ high of the day. Most sectors participated. Internals were mixed. AH earnings were better than expected which should help on open. Many stocks are over extended thus booking profit may be a very good idea.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4387.16, low 4384.81, high 4422.18

RSI @ 56.97

CMF @ 0.224

Internals were :

UP volume led by .71 to 1 in NYSE & 1.76 to 1 in Nasdaq

Advancing stocks led by .94 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 260 in NYSE & 85 in Nasdaq

VIX UP 6.69% @ 19.46

Oil @ $71.26

Gold @ $1822.20

Canadian $ @ .7531

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 1% or more included PLTR RIOT XPEV

HOOD AFRM NIO SQ LSPD BYD NVTA FSLR QRVO SWKS

MSTR DASH RIDE BIDU AMD DKNG LYFT NXPI ZI SHOP

DHI BZUN TSLA AMAT BABA JWN JKS....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE celebrated progress in Infrastructure bill with green open but then faded by close, Indices closed near low of the day. Internals were mixed. Only Nasdaq closed in green. Fed voting member comments about taper brought the market lower.

BLOG does NOT give buy or sell.

Saleem

US stock market going forward......

 US stock market is facing many challenges in near term.....

DELTA variant is raging all over the world including China...

WHO is very concerned about Chinese Delta variant....

Earnings are either peaked or are already priced in.....

Stay @ home or reopening trades have been played out with mixed results...

Vaccination is picking up again due to fear of being infected and dying...

New restrictions are being placed all over again, even CDC is retracting many guidance..

There is a serious bottleneck in " supply chain "

Chip shortages remains a serious issue and impacting many many products from Cars to Industrial equipment.....anything digital is feeling the pinch....

Direction of short term interest rates will remain a hot topic...

Labor shortage is a " new twist " as most employees do not want to be stuck in traffic for hours and waste their precious time anymore....online has given most an easy answer to previous lifestyle....

Wages are going UP and bonus are in vogue BUT few takers...

Many of these will result in higher cost and will impact earnings.....

Inflation is spiking UP worldwide from Gasoline to raw cost...

All of the above was very evident in many conference calls thus guidance has been not so hot generally speaking.....

SO...what is the answer for Investors, Traders and Day traders.....

All need a rethink based on the above....

Investors need to go with ETF in new ideas which is not impacted by current challenges or minimum impact.....

Traders / Swing traders need to understand rotation which is happening on a daily basis.....

Day traders go with TAPE....buy whatever is moving UP or DOWN based on long / short approach

Those who are unsure as to what type of trader / Investor they are, they must learn to refocus on due diligence which includes Fundamental Analysis and Technical Analysis. They must show patience and conviction in a broad based portfolio...lately I am falling into this category.....

Markets generally looks 6 months ahead, It sees many things manageable .....

YES...there may be violent reaction in market based on Delta variant / Inflation / direction of short term Interest rates from time to time....

Every market goes through pullbacks / correction and this market is NO EXCEPTION.....

BUT it IS IMPOSSIBLE to predict market movement in entirety, so no need to be a non expert...many pundits try everyday only to be embarrassed .....

Stay in the market with all the known risk.

Good luck with your own conclusion and comfort level.

BLOG does NOT give buy or sell.

Saleem