Indices closed down 1.54% to 1.57%....

 Indices closed down

S&P 500 @ 4530.41, low 4530.41, high 4603.07

RSI @ 56.28

CMF @ 0.195

Internals were :

Down volume led by 4.33 to 1 in NYSE & 2.39 to 1 in Nasdaq

Declining stocks led by 1.61 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new highs were leading by 64 in NYSE & lows by 33 in Nasdaq

VIX UP 6.36% @ 20.56

Oil @ $100.28

Gold @ $1954.00

Canadian $ @ .7512

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included NCLH UAL

NTR MOS FSLR SPWR CCJ X 

RCL AAL LAC CCL PANW

ZI DDOG SEDG SPLK 

EXPE....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure in the closing minutes and closed @ exact low of the day a bad close, this resulting in loss for the month & quarter. It is all about jobs data and its related stats to discover participation ratio or inflationary effects. Lot of cross currents in market now from inversion, inflation to invasion, we got it all.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .19% to 1.31%....

 Indices closed down.

S&P 500 @ 4602.45, low 4581.32, high 4627.77

RSI @ 62.54

CMF @ 0.221

Internals were :

Down volume led by 1.58 to 1 in NYSE & 1.91 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.97 to 1 in Nasdaq

Net new highs were leading by 115 in NYSE & lows by 2 in Nasdaq

VIX UP 2.28% @ 19.33

Oil @ $107.82

Gold @ $1939.00

Canadian $ @ .7502

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included

NTR MOS NIO LULU CCJ TECK

X LAC FCX GOLD NEM AEM

OXY LNG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE took a breather after 4 day's of gains. Internals were weak. Its all about jobs data going forward with better than expected numbers. Lot of debate on CNBC where we are in bull or bear mode. Focus on stocks not on market direction.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .97% to 1.84%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4631.60, high 4637.30, low 4589.66

RSI @ 65.27

CMF @ 0.254

Internals were :

UP volume led by 3.95 to 1 in NYSE & 4.88 to 1 in Nasdaq

Advancing stocks led by 4.20 to 1 in NYSE & 2.97 to 1 in Nasdaq

Net new highs were leading by 59 in NYSE & 18 in Nasdaq

VIX Down 3.72% @ 18.90

Oil @ $105.24

Gold @ $1912.20

Canadian $ @ .7484

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% or more included

HST MGM NCLH PLTR SOFI UAL

SNAP XPEV NIO AFRM MGA 

HOOD PYPL LULU SQ LSPD

M ARKK ROKU TWTR MGNI

DASH RUN ENPH DKNG LYFT

UBER PENN DOCU SHOP ZM

ESTC DDOG TWLO NFLX JWN

OLED AAL MA V OSTK NKE...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed near high of the day, Internals were strong all over. Despite a close watch on 2/10 yield for inversion, Market kept going UP & UP disappointing many traders. War in Ukraine is having a progressive meeting to wind up soon in Turkey. VIX near lows CMF @ high and good earnings after hours, a perfect recipe for another move towards old highs.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .27% to 1.31%...NICE!!!!

 Indices closed UP

S&P 500 @ 4575.52, high 4575.65, low 4517.69

RSI @ 62.34

CMF @ 0.190

Internals were :

Down volume led by 1.03 to 1 in NYSE & .60 to 1 in Nasdaq

Declining stocks led by 1.06 to 1 in NYSE & 1.08 to 1 in Nasdaq

Net new lows were leading by 101 in NYSE & 97 in Nasdaq

VIX Down 5.67% @ 19.63

Oil @ $105.96

Gold @ $1939.80

Canadian $ @ .7447

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% or more included BTCC NCLH PLTR RIOT

FSLR NIO HOOD LULU SQ COIN ARKK ROKU CCL MGNI 

MSTR PINS SNOW DOCU SHOP TWLO TSLA

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was down sharply but showed its bullish personality by closing @ high of the day. Many sectors participated in today's rally, Bitcoin, Ether among strongest in Crypto currencies sector. Internals were mostly negative which is not what we should be having on a strong close. S&P 500 is well above 50 DMA strongest of all major indices.

BLOG does NOT give buy or sell.

Saleem

US Stock market ready to move beyond resistance....

 US stock market is ready to move beyond minor issues like fed hikes, war in Ukraine

Why minor ..... they all were huge to begin with

BUT with 1 Fed hike in the bag and 50 basis next, market knows the picture and it is the right move.

War is in the 5th week and is stuck in the mud with huge internal consequences

War is in rear view mirror of Wall street....

Production worldwide is back on track..

Ports are busy and doing huge volume in moving goods.

Supply chain not only has improved but major initiatives are being planned for USA and everywhere.

China has played a neutral role and is benefitting from cheap Oil from Russia

That is most of the reason why Stock market worldwide is getting close to old uptrend

YES ..we can all look in rearview and hash all the old issues and be afraid.....

BUT it is costing money to those whose calculators do not add up to 6 months ahead.....

SO follow the TAPE...It Is northbound...

Nobody is smarter than market, a lesson learned the hard way by me and most others....

Every good stock is working in all sectors....

Extremely broad based market momentum which IS building UP.

Technology and other emerging sectors are all in vogue..

Last but not the least S&P 500 RSI @ 60.54 does NOT happen by accident

Lowest RSI in my universe is in JETS which is also very respectable 54.04....sign of a very strong emerging bull market....

Good luck with your own analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed with overall positive for 2 weeks, a change in direction from negative TAPE action for 5 weeks to positive for 2 weeks & counting. 

S&P 500 @ 4643.06, high 4646.03, low 4601.67

RSI @ 60.54

CMF @ 0.185

Internals were :

UP volume led by 1.72 to 1 in NYSE & .91 to 1 in Nasdaq

Advancing stocks led by 1.08 to 1 in NYSE & .71 to 1 in Nasdaq

Net new lows were leading by 68 in NYSE & 71 in Nasdaq

VIX Down 3.97% @ 20.81

Oil @ $113.90

Gold @ $1954.20

Canadian $ @ .7483

Stocks which were UP 2% or more included HST

CNX SLB LNG MOS TJX CGC TLRY CRUS...

Here is my portfolio weighting :

HST      24.75%

MGM    21.50%

UAL     18.00%

PLTR  12.01%

BTCC 10.23%

NCLH   8.28%

RIOT    3.85%

SOFI      .83%

SOL       .55%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.02% to 1.93%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4520.16, high 4520.56, low 4465.17

RSI @ 59.28

CMF @ 0.199

Internals were :

UP volume led by 2.96 to 1 in NYSE & 2.87 to 1 in Nasdaq

Advancing stocks led by 1.96 to 1 in NYSE & 2.02 to 1 in Nasdaq

Net new lows were leading by 44 in NYSE & 28 in Nasdaq

VIX Down 8.06% @ 21.67

Oil @ $112.34

Gold @ $1962.20

Canadian $ @ .7467

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed UP 3% or more included BTCC RIOT UAL

CNX AMAT CGC MU COIN MRVL WYNN QCOM QRVO

SWKS LAC CLF MSTR AMD INTC PANW NXPI DOCU

MTCH UBER DDOG ENPH LITE SEDG TER NVDA

LRCX EXPE OLED SNAP JWN AAL JKS CIEN 

LVS X TLRY.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong and closed @ high of the day. Market is looking 6 months ahead, It Is looking @ most issues resolved / under control even Fed. We may be looking @ one of the most powerful rallies the way market is behaving against all odds. Please look @ your portfolio and see IF you are ALL IN.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.23% to 1.32%.....

 Indices closed down.

S&P 500 @ 4456.24, low 4455.81, high 4501.07

RSI @ 55.57

CMF @ 0.217

Internals were :

Down volume led by 1.6 to 1 in NYSE & 1.28 to 1 in Nasdaq

Declining stocks led by 1.78 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new lows were leading by 19 in NYSE & 49in Nasdaq

VIX UP 2.75% @ 23.57

Oil @ $114.93

Gold @ $1937.30

Canadian $ @ .7442

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included RIOT

CNX SU CNQ SLB LNG CVX NTR MOS 

AFRM AG TECK X AAPL CLF DASH PANW 

NEM AEM CRWD PDD BABA .....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed @ low of the day. Internals were slightly negative, VIX was not impressed with today's orderly pullback thus was barely up. This market is only 1 new catalyst away from a major runup, have absorbed war, Fed wake up panic and hyper inflation.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .74% to 1.95%...NICE!!!

 Indices closed UP.

S&P 500 @ 4511.61, high 4522.00, low 4469.10

RSI @ 59.96

CMF @ 0.211

Internals were :

UP volume led by 2.38 to 1 in NYSE & 4.22 to 1 in Nasdaq

Advancing stocks led by 1.71 to 1 in NYSE & 2.52 to 1 in Nasdaq

Net new lows were leading by 18 in NYSE & 45 in Nasdaq

VIX Down 2.51% @ 22.94

Oil @ $111.75

Gold @ $1921.50

Canadian $ @ .7393

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed UP 5% or more included PLTR RIOT

XPEV NIO TSLA SQ COIN LAC AI MSTR SNOW 

SHOP CRWD ESTC DDOG PDD JD BABA NVAX

MRNA JKS.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong from open to finish, Technology was the star of the day with many technology were sporting nice gains. Rare metals were also strong. Financial were strong. Internals were positive. This uptrend remains very strong Fed & high inflation notwithstanding.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .04% to .58%....

 Indices closed down.

S&P 500 @ 4461.18, low 4424.30, high 4481.75

RSI @ 57.09

CMF @ 0.176

Internals were :

Down volume led by 1.34 to 1 in NYSE & 1.08 to 1 in Nasdaq

Declining stocks led by 1.50 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new highs were leading by 6 in NYSE & lows by 54 in Nasdaq

VIX Down 1.42% @ 23.53

Oil @ $112.12

Gold @ $1929.50

Canadian $ @ .7417

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL 

Stocks which closed green included RIOT

CNX APA SU CNQ OXY SLB LNG NTR

MOS AG TECK AAPL QCOM LAC FCX 

CLF AMD CSIQ GOLD NEM ZM ESTC 

TSLA AEM FFIV AMZN X CVX NVDA...

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed slightly lower after 4 straight days of gain, this was a normal digestion of tremendous gains in last 5 trading sessions. Internals were slightly negative and mother of all indicator VIX was actually lower. No real issue with Fed fighting inflation with 50 basis point of increase, news is out and we have reacted to it.

BLOG does NOT give buy or sell.

Saleem

US stock market looking technically strong......

 It has been since mid February that we can all breathe a sigh of relief for US stock market and world markets  @ large.

Why US stock market has reacted so positively since Tuesday......a question we need to analyze first...

IS Ukraine war over...NO

IS Hyper inflation gone ....NO

IS COVID-19 over....NO

IS Fed done with tightening....NO

BUT all of the above has some indication / assessment that some progress is being made or anticipate soon....

Ukraine war is seeking direct negotiation...a good start

Inflation is raging.....but hopes are high that Last 1/4 of 2022 may see some relief

COVID-19 is waning in North America , Europe and Asia, only China and few other countries have seen surge AGAIN....

FED has started its tightening move already and 6 more to go....NO UNCERTAINTY there...

The above improvement / shift / resolution was enough for US stock market to come out of its slump with renewed vigor.....

Technical improvement is so strong among few indices that I am very surprised @ its strength...

XLF, XLE, XLB are all above key 50 & 200 DMA...a stunning reversal for XLF...

S&P 500, DOW & Nasdaq are all above 50 DMA...a stunning reversal from weakness to major strength...

IWM & TAN are also above 50 DMA...IWM or Russell 2000 is a key index to monitor which is also showing technical strength.

SOX is very near 50 DMA and ready to cross above.....

To me these technical development is hallmark of "tide has turned "

Those who are skeptical of this market, has to factor " technical strength " before placing any bets against strong segment of this turnaround.

There is " time to be  bearish " then there is " time to be bullish " we must know when to be in those camp.

SO...place your bets accordingly....

Good luck with your own analysis.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .80% to 2.05%....NICE!!!!

 Indices closed UP with back to back close higher and in some key indices closing above key level of 50 DMA. Technical improvement is extremely powerful which I have seen in many decades.

S&P 500 @ 4463.12, high 4465.40, low 4390.57

RSI @ 57.24

CMF @ 0.147

Internals were :

UP volume led by 1.72 to 1 in NYSE & 3.78 to 1 in Nasdaq

Advancing stocks led by 2.20 to 1 in NYSE & 2.17 to 1 in Nasdaq

Net new highs were leading by 3 in NYSE & lows by 17 in Nasdaq

VIX Down 7.01% @ 23.87

Oil @ $104.70

Gold @ $1929.30

Canadian $ @ .7364

Stocks which closed @ 4% or more included PLTR RIOT SOFI SOL

SNAP XPEV AFRM PYPL LSPD COIN ARKK ROKU AI DASH

PINS SNOW SHOP JS TWLO FB SPLK BABA NIO SQ JKS

LVS MSTR GOOS....

Here is my portfolio weighting :

HST        24.99%

MGM     21.71%

UAL       17.87%

PLTR    12.02%

BTCC      9.77%

NCLH     8.40%

RIOT      3.66%

SOFI        .93%

SOL         .65%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.23% to 1.33%...NICE !!!!

Indices closed UP.

 S&P 500 @ 4411.67, high 4418.67, low 4335.66

RSI @ 54.36

CMF @ 0.044

Internals were :

UP volume led by 3.42 to 1 in NYSE & 4.60 to 1 in Nasdaq

Advancing stocks led by 4.10 to 1 in NYSE & 2.91 to 1 in Nasdaq

Net new lows were leading by 55 in NYSE & 64 in Nasdaq

VIX Down 3.75% @ 25.67

Oil @ $102.98

Gold @ $1943.20

Canadian $ @ .7358

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included

NCLH PLTR RIOT SOFI SOL 

CNX APA SNAP NTR MOS AFRM

HOOD PYPL AG CCJ TECK SQ COIN

M X ROKU TWTR MGM FCX CLF DASH

RUN DKNG SNOW SHOP ZM CRWD BYND

TWLO TSLA SPLK OXY SLB WYNN LVS 

MS OSTK AMZN....

AH Futures Down

AH Asian Market UP

AH Oil & Gold UP

About market, TAPE continued its bullish pattern and closed near high of the day. Many sectors Base metals, stay home, security, EV, oil all participated in today's run. Do not forget to see relative value / upside in other good stocks and switch accordingly.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.55% to 3.77%.....NICE !!!!

 Indices closed UP.

S&P 500 @ 4357.86, high 4358.90, low 4251.99

RSI @ 51.17

CMF @ 0.029

Internals were :

UP volume led by 4.89 to 1 in NYSE & 7.95 to 1 in Nasdaq

Advancing stocks led by 3.78 to 1 in NYSE & 3.77 to 1 in Nasdaq

Net new lows were leading by 198 in NYSE & 217 in Nasdaq

VIX Down 10.59% @ 26.67

Oil @ $95.04

Gold @ $1909.20

Canadian $ @ .7255

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL 

Stocks which were UP 5% or more included

MGM NCLH PLTR RIOT SOL UAL

SNAP XPEV AFRM HOOD PYPL MU LULU SQ COIN 

M JBLU SAVE ROKU RCL WYNN AAL CCL SCHW

MSTR DASH BIDU PINS DKNG GAN SNOW LYFT

PENN GOOS DOCU SHOP ZM ESTC UBER JD 

TWLO BABA JKS LVS MS....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was under buying pressure from open till 2 PM when Fed statement took the wind and Indices went RED, then rethink and oversold condition got hold and renewed buying took hold, Indices closed @ high of the day, this close confirms this rally is for real. Most sector participated in today's runup. Chinese stocks saw the-best surge in history of Wall Street.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.82% to 2.92%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4262.45, high 4271.05, low 4187.90

RSI @ 44.81

CMF @ 0.016

Internals were :

UP volume led by 3.01 to 1 in NYSE & 3.33 to 1 in Nasdaq

Advancing stocks led by 2.07 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new lows were leading by 549 in NYSE & 533 in Nasdaq

VIX Down 6.12% @ 29.83

Oil @ 96.44

Gold @ $1929.70

Canadian $ @ .7191

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% or more included

MGM NCLH RIOT SOFI UAL

SNAP XPEV FSLR NIO AFRM

PYPL MU AG SQ BYD JBLU

SAVE MRVL WYNN SWKS AAL CCL

MSTR DASH AMD DKNG GAN CSIQ 

MSFT NXPI PENN DOCU ZI SHOP CIEN

DAL ZM ENPH TER BYND NVDA TSLA

AMZN ULTA M....

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, Market staged an oversold bounce. Fed statement may dictate post 2 PM market. IF we get a green close on Wednesday, then today's rally has any meaning. Just about every sector participated in this rally. Oil has badly slumped to reality.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4173.11, low 4161.72, high 4247.57

RSI @ 37.77

CMF @ -0.012

Internals were :

Down volume 2.36 to 1 in NYSE & 2.43 to 1 in Nasdaq

Declining stocks 3.05 to 1 in NYSE & 2.95 to 1 in Nasdaq

Net new lows were leading by 1010 in NYSE & 890 in Nasdaq

VIX UP 3.32% @ 31.77

Oil @ $103.01

Gold @ $1960.80

Canadian $ @ .7224

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included BTCC UAL

PYPL GE M JBLU TRIP AAL SCHW PFE

TD BMO UPS MRNA JWN TWTR MA

V M ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure in Nasdaq then S&P plus DOW joined in being red violating previous support / low / close. DOW managed to close green by a hair finish. NOW we have to find how low we can go in major indices, news notwithstanding. Fed also meeting to decide to do or not to do or IF to do then by how much.

BLOG does NOT give buy or sell.

Saleem

US stock market remains hostage to "news "

 US stock market is on the verge of piercing through its recent low...

US stock market remains hostage to " news "

Ukraine west is seeing missile warfare.....

Fed in an uncomfortable position of dealing with reality of runaway inflation & war

No matter what fed does this week will not have any impact on spiraling inflation

Stock market is witnessing too many "death cross ".....means more trouble is on the way

This market is becoming more troubling by the minute for everyone except commodity laden stocks which is contrary play now...until news impacts their uptrend like " demand destruction "

When market becomes extremely difficult, we need to have conviction & patience IF your home work is based on new reality.

Currently many sectors are in deep bargain including technology

Have a portfolio which is very well diversified in sectors which may benefit from current & future reality

All we can do now is to hope for a resolution on war front which is the most recent headache of US & world stock market, this war is dragging on too long without end game in focus.

Try to focus away from market monitoring as it will react according to its own plan, overtrading will not help, a good game plan will...

Good luck with your own magic wand, who knows it may help....

BLOG does NOT give buy or sell.

Saleem

Indices closed down .69% to 2.18%.....

 Indices closed down after higher open, Indices closed @ low of the day. Internals were negative.

S&P 500 @ 4204.31, low 4200.49, high 4291.01

RSI @ 39.40

CMF @ -0.013

Internals were :

Down volume led by 4.02 to 1 in NYSE & 2.27 to 1 in Nasdaq

Declining stocks led by 2.83 to 1 in NYSE & 2.53 to 1 in Nasdaq

Net new lows were leading by 465 in NYSE & 389 in Nasdaq

VIX UP 1.72% @ 30.75

Oil @ $109.33

Gold @ $1985.00

Canadian $ @ .7273

Stocks which closed green included

GE CNQ PFE NTAP UBER

BMO SEDG MCD ORCL

CMG .....

Here is my portfolio weighting :

HST         26.24%

MGM      22.94%

UAL       16.32%

PLTR    11.89%

BTCC    9.77%

NCLH   8.18%

RIOT    3.15%

SOFI      .90%

SOL       .66%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .34% to .95%....

 Indices closed down.

S&P 500 @ 4259.52, low 4209.80, high 4268.29

RSI @ 42.41

CMF @ -0.005

Internals were :

Down volume led by 1.14 to 1 in NYSE & 1.83 to 1 in Nasdaq

Declining stocks led by 1.62 to 1 in NYSE & 1.72 to 1 in Nasdaq

Net new lows were leading by 380 in NYSE & 289 in Nasdaq

VIX Down 6.84% @ 30.23

Oil @ $106.02

Gold @ $2000.40

Canadian $ @ .7225

In my portfolio bought SOFI @ $9.45

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included HAT MGM NCLH PLTR

CNX APA NTR MOS TJH AG CCJ TECK M X RCL PAAS CNQ

LAC CCL FCX CLF NEM CRWD CVX EAT AMZN EXPE OXY

SLB ULTA CMG ....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was spooked with inflation fear again thus closed lower. Oil closed down 2 days in a row which may mean uptrend is broken for now and may have seen highs for sometimes. Internals were weak. Reopen stocks were getting a pulse while technology got spooked with 1.99% 10 year yield.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 2.00% to 3.59%....NICE!!!!

 Indices closed UP...

S&P 500 @ 4277.88, high 4299.40, low 4223.10

RSI @ 43.43

CMF @ 0.000

Internals were :

UP Volume led by 3.01 to 1 in NYSE & 3.98 to 1 in Nasdaq

Advancing stocks led by 2.75 to 1 in NYSE & 3.63 to 1 in Nasdaq

Net new lows were leading by 174 in NYSE & 126 in Nasdaq

VIX Down 7.69% @ 32.45

Oil @ $108.70

Gold @ $1988.20

Canadian $ @ .7186

In my portfolio Bought SOL @ $6.77

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which were UP 5% or more included

BTCC MGM NCLH PLTR RIOT UAL

SNAP HOOD PYPL SQ COIN ARKK

X BYD JBLU SAVE BMBL TWTR WYNN

AAL LAC CCL MSTR DASH PINS AMD

SNOW PANW ZI SHOP TOL CRWD DDOG

NVDA LRCX GOOG XPEV OXY CMG.....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE finally responded to " news " which was ceasefire between Ukraine & Russia. Commodities headed south in a violent manner which could be a trend change. Indices closed near high of the day in a decisive manner, Most sector participated in today's major reversal. A confirmation green close is almost in the bag for Thursday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .28% to .72%....

 Indices closed down.

S&P 500 @ 4170.70, low 4157.87, high 4276.94

RSI @ 34.91

CMF @ 0.010

Internals were :

UP volume led by 1.57 to 1 in NYSE & 1.51 to 1 in Nasdaq

Advancing stocks led by .98 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new lows were leading by 620 in NYSE & 737 in Nasdaq

VIX Down 3.62% @ 35.13

Oil @ $123.70

Gold @ $2043.30

Canadian $ @ .7222

In my portfolio :

Sold SOL @ $6.47

Added 25% MGM @ $36.90

Portfolio HST BTCC MGM NCLH PLTR RIOT UAL

Stocks which were UP 3% or more included

BTCC HST NCLH SOL UAL

SNAP AMAT NXPI FSLR SPWR

AG CCJ GE SQ M JBLU SAVE TRIP

MRVL QRVO AAL LAC MSTR DASH

RUN CSIQ LYFT GOOS DAL UBER ENPH

SEDG AEM EXPE OLED JWN SLB JKS.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE showed its bearish jitters by being UP then Down then UP and then closing near low of the day. DOW was a classic example of bear TAPE by being UP 568 and lost almost 200 @ close. We should come out of this slump when there is some catalyst like " news "

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.37% to 3.62%....

 Indices closed down

S&P 500 @ 4201.09, low 4199.95,high 4327.01

RSI @ 36.35

CMF @ 0.040

Internals were :

Down volume led by 2.79 to 1 in NYSE & 1.87 to 1 in Nasdaq

Declining stocks led by 3.62 to 1 in NYSE & 2.75 to 1 in Nasdaq

Net new lows were leading by 543 in NYSE & 728 in Nasdaq

VIX UP 13.98% @ 36.45...near 52 wk high...

Oil @ $119.40

Gold @ $1995.90

Canadian $ @ .7222

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which closed green included PLTR RIOT SOL

CNX SU NTR MOS FSLR SPWR AG CCJ CNQ AI 

RUN CSIQ JKS GOLD NEM CVX SEDG AEM SLB 

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was in a freefall and closed @ low of the day. We closed @ low of this bear market, but have not gone below low but awfully close. Any rally one must be skeptical as we may undercut previous low IF NOT NOW maybe later.

BLOG does NOT give buy or sell.

Saleem

US stock market looking for catalyst.....

 US stock market is looking for catalyst to make any headway, currently its going nowhere fast.

Russia vs Ukraine has taken center stage, its going @ its own pace without any real intervention from EU & USA...

Market is also waiting for US Federal Reserve to show its hand, in the meantime every pundit is representing Fed.....

US$ is raging ahead along with commodity complex.....

Crypto currencies are lost in this war & Fed .....Crypto is following stock market in southern direction, both looking for solid support.

Stay home & reopen stocks, both are slumping to add to more confusion....

YES...there is some good news which is stuck in the background of war & fed, that good news is COVID-19 is getting old & very weak thus allowing countries to reopen tourism & their economies full blast....

BUT IF we are in a bear market as most traders believe, then nothing matters, good news is bad news and bad news remains bad news....everyone will look for reasons to sell in any uptick which is a recent strategy.

NOW....the question is ....how to position in this " bear market "

Recognize that bear market also last a long time, no quick fixes works...

SO mark your time in a passive manner which could be months like end of October which may bring some strength to move higher than current level.

Or reduce exposure to bare minimum .....

No matter what you do, bear markets are very painful and have sat through many over 5 decades.

Good luck with your own interpretation of this market and your own strategy.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .53% to 1.66%.....

 Indices closed lower despite way better than expected jobs report. Bear market action continues while war rages on in Ukraine, We have a long way to go before we see a real reversal, maybe after Fed decision to raise rates....but you can never tell in a bear market for all one day wonder rallies.

S&P 500 @ 4328.87, 4284.98, high 4342.12

RSI @ 43.34

CNF @ 0.108

Internals were :

Down volume led by 1.78 to 1 in NYSE & 2.41 to 1 in Nasdaq

Declining stocks led by 2.12 to 1 in NYSE & 2.72 to 1 in Nasdaq

Net new lows were leading by 263 in NYSE & 475 in Nasdaq

VIX UP 4.92% @ 31.98

Oil @ $115.68

Gold @ $1966.60

Canadian $ @ .7235

Stocks which closed green included

CNX APA NTR MOS AG PAAS TECK X

CNQ FCX CLF CSIQ GOLD NEM CVX

AEM SPLK OXY SLB LNG FSLR CSIQ IBM....

Here is my portfolio weighting

HST      25.32%

MGM   19.59%

UAL     17.31%

PLTR  11.48%

BTCC 10.17%

NCLH  8.20%

SOL     4.80%

RIOT  3.13%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .29% to 1.56%.....

 Indices closed down.

S&P 500 @ 4363.49, low 4345.56, high 4416.78

RSI @ 45.54

CMF @ 0.039

Internals were :

Down volume led by 1.47 to 1 in NYSE & 2.15 to 1 in Nasdaq

Declining stocks led by 1.48 to 1 in NYSE & 2.12 to 1 in Nasdaq

Net new lows were leading by 84 in NYSE & 258 in Nasdaq

VIX UP .85% @ 30.48

Oil @ $107.67

Gold @ $1935.90

Canadian $ @ .7321

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which closed green included CNX APA NTR

MOS TECK X FCX CLF AI IBM GOLD NEM 

PLAN CVX BYND SPLK....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE lived up to its reputation of being most difficult since 2007 peak. Extremely difficult to have any strategy these days as selling is also going on in rotation. Someday Technology looks strong only to slump next day, some day restart stocks looks strong only to slump next day, same with financials which is staying weak. Only sector which seems to have good momentum is base metals.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP1.62% to 1.86%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4386.54, high 4401.48, low 4322.56

RSI @ 47.02

CMF @ 0.103

Internals were :

UP volume led by 4.69 to 1 in NYSE & 2.09 to 1 in Nasdaq

Advancing stocks led by 2.61 to 1 in NYSE & 1.95 to 1 in Nasdaq

Net new high were leading by 19 in NYSE & lows by 139 in Nasdaq

VIX Down 7.74% @ 30.74

Oil @ $110.60

Gold @ $1922.30

Canadian $ @ .7340

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which were UP 3% or more included MGM NCLH

NTR MOS MGA TJX LULU TECK M X MRVL WYNN

QCOM QRVO SCHW AMD PFE INTC LYFT NXPI

GOOS CIEN NTAP TD LITE BMO EAT ASML

NVDA FFIV OLED JWN OXY SLB LNG MU

LVS ULTA.....

AH Futures Down

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE finally found its footing and closed near high of the day. Internals were mostly positive. Most sectors participated in today's session. Fed testimony was a confirmation of rates going UP. We need a confirmation of this rally as we have tried to find support near lows.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.55% to 1.76%....

 Indices closed down.

S&P 500 @ 4306.26, low 4279.54, high 4378.45

RSI @ 40.81

CMF @ 0.115

Internals were :

Down volume led by 2.09 to 1 in NYSE & 1.97 to 1 in Nasdaq

Declining stocks led by 1.56 to 1 in NYSE & 1.81 to 1 in Nasdaq

Net new lows were leading by 62 in NYSE & 156 in Nasdaq

VIX UP 10.51% @ 33.32

Oil @ $103.41

Gold @ $1943.80

Canadian $ @ .7287

Portfolio HST BTCC MGM NCLH PLTR RIOT SOL UAL

Stocks which were UP 2% or more included BTCC PLTR SOL

CNX APA AG PAAS TECK COIN FCX CLF MSTR BIDU

RUN CSIQ JKS GOLD AEM NEM ENPH JD CVX 

OXY ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was under pressure again due to expanding sanctions against Russian businesses and interest. This market is getting more challenged due to Russian invasion and its implication felt worldwide. There is potential interest hike of 25 basis from Canadian Central Bank to contain out of control inflation around 10 AM. Fed testimony may be more important based on current environment.

BLOG does NOT give buy or sell.

Saleem