Indices closed down 2.77% to4.17%...

 Indices closed down & near low of the day. There was nowhere to hide all sectors were down. It was week end and month end which brought more selling ahead of Fed meeting & Fed decision.

S&P 500 @ 4131.93, low 4124.28, high 4269.68

RSI @ 34.98

CMF @ -0.141

Internals were :

Down volume led by 8.17 to 1 in NYSE & 3.71 to 1 in Nasdaq

Declining stocks led by 3.91 to 1 in NYSE & 2.86 to 1 in Nasdaq

Net new lows were leading by 515 in NYSE & 487 in Nasdaq

VIX UP 11.37% @ 33.40

Oil @ $104.69

Gold @ $1911.70

Canadian $ @ .7193

Stocks which closed green included XPEV FSLR CGC

TECK ROKU BIDU PDD JD NVAX WB AEM

BABA SLI OSTK

In my portfolio...bought ARKK @ $47.50

Here is my portfolio weighting :

ARKK       29.95%

UAL         20.63%

MGM       20.49%

PLTR         9.44%

BTCC        8.46%

NCLH       8.18%

RIOT        1.84%

SOFI           .56%

SOL            .45%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.85% to 3.06%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4287.50, high 4308.45, low 4188.63

RSI @ 42.91

CMF @ -0.144

Internals were :

UP volume led by 4.73 to 1 in NYSE & 2.61 to 1 in Nasdaq

Advancing stocks led by 3.30 to 1 in NYSE & 1.76 to 1 in Nasdaq

Net new lows were leading by 663 in NYSE & 792 in Nasdaq

VIX Down 5.09% @ 29.99

Oil @ $105.36

Gold @ $1891.30

Canadian $ @ .7165

In my portfolio Sold HST @ $21.35 second before closing 

Portfolio BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% or more MGM NCLH PLTR SOFI UAL

APA SU SNAP AMAT AFRM TJX HOOD PYPL MU SQ CRM

LSPD M TSM AAPL AMZN ROKU MRVL WYNN QCOM

QRVO SWKS LAC MGNI MSTR DASH PINS AMD ZM

SNOW GOOS SHOP ESTC UBER DDOG CVX NVDA

FB GOOG MA ULTA  NKE ...

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was strong from open to close, closing near high of the day. Most sectors participated in today's rally, traders were celebrating a good day with META, but after hours Amazon, Intel & others soured the mood, guidance is the issue.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4183.96, high 4240.71, low 4162.90

RSI @ 33.60

CMF @ -0.187

Internals were :

UP volume led by 1.09 to 1 in NYSE & .74 to 1 in Nasdaq

Advancing stocks led by .79 to 1 in NYSE & .69 to 1 in Nasdaq

Net new lows were leading by 881 in NYSE & 872 in Nasdaq

VIX Down 5.73% @ 31.60

Oil @ $102.02

Gold @ $1888.70

Canadian $ @ .7168

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed UP 2% or more included HST UAL

APA XPEV NTR MGA TECK FCX CLF CRM BIDU

MSFT DAL ENPH PDD JD BABA LNG JKS MA

V CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE opened UP then lost all its gains but closed mixed, Nasdaq closed slightly lower. Internals were mostly negative. After hour most earnings report were taken as positive which bodes well for Thursday's TAPE. This remains a very difficult TAPE, any rally from deeply oversold condition should wait for confirmation.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.38% to 3.95%.....

 Indices closed down

S&P 500 @ 4175.20, low 4175.04, high 4278.14

RSI @ 32.74

CMF @ -0.123

Internals were :

Down volume led by 7.64 to 1 in NYSE & 3.20 to 1 in Nasdaq

Declining stocks led by 4.71 to 1 in NYSE & 4.79 to 1 in Nasdaq

Net new lows were leading by 639 in NYSE & 738 in Nasdaq

VIX UP 24.06% @ 33.52, high today 33.81, 52 wk high 38.94...

Oil @ $101.70

Gold @ $1904.10

Canadian $ @ .7199

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included MOS PFE SLB LNG....

AH Futures Mixed

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under selling pressure from open and closed @ lowest level in most Indices. Internals were all negative. Nasdaq was the weakest closing @ multi year low. After hour earnings were greeted with further negative pressure. Facebook reports after hour and there is widely held belief, it will be another weak report.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .57% to 1.29%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4296.12, high 4299.02, low 4200.82

RSI @ 39.27

CMF @ -0.028

Internals were :

Down volume led by 1.08 to 1 in NYSE & .43 to 1 in Nasdaq

Declining stocks led by 1.19 to 1 in NYSE & .83 to 1 in Nasdaq

Net new lows were leading by 616 in NYSE & 593 in Nasdaq

VIX Down 4.22% @ 27.02

Oil @ $98.54

Gold @ $1896.00

Canadian $ @ .7220

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 2% or more included BTCC MGM SOFI

AFRM PYPL SQ LSPD COIN M ROKU MRVL QCOM QRVO

SWKS MSTR DASH AMD DKNG PENN SNOW MSFT PANW

LYFT DOCU CIEN TOL KBH DHI PHM CRWD ESTC UBER

ENPH JD TWLO SPLK GOOG ULTA CMG....

AH Futures UP

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE was under selling pressure again but @ lows buyers came in and we had a reversal day. Technology stocks fared well while energy stocks were lower. Internals were mixed. As were were deeply oversold, It will be nice to get another positive close in all major indices. FB will be the focus in earnings arena.

BLOG does NOT give buy or sell.

Saleem

US stock market in bear mode......

 US stock market is in full blown bear mode.

Most sectors are seeing high volume selling.

Higher fed funds and Central Banks rate are a given

High inflation is a given

Higher house prices are also given, as most investors have realized that houses are a better investment than even equities, house price gains in a year is higher than most salaries in a year.

Ukraine war rages on which is impacting food supplies and some key ingredients which is now embargoed, causing more and more inflation and higher input cost.

US stock market now is on the verge of taking out previous lows......

XLF / Financials are showing death cross.....means much more pain ahead.....

In my universe only 3 sectors are above 50 DMA & 200 DMA, XLB is one of them but showing an RSI of 42.06

2nd best is XLE which is above 50 DMA & 200 DMA, RSI is 47.44

Highest / best sector is JETS / Airlines which is above both 50 DMA & 200 DMA

JETS are sporting an RSI of 60.45.....

Airlines / Cruise lines are able to pass on higher fuel cost easily and are predicting better / profitable operations going forward....

Hotels / Gaming are also able to pass additional cost with higher room rates and are going to be profitable going forward.....

Many other sectors are challenged in terms of making money and are slow in dealing with supply chain issues....technology may be facing uneven Sales & EPS.....

It is important to see the writing on the wall with many company already have reported either challenging quarter or better quarter, so pay attention to northbound guidance....

It is all about forward guidance, so read quarterly reports closely about net net guidance...

We remain in a very difficult investing environment in stock market worldwide including USA...

Please do your fundamental analysis with a long term view in a diversified portfolio...

Good luck with your own interpretation of current challenges and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.55% to 2.82%.....

 Indices closed down as key indices breached support level, We closed near low of the day. Interest rate hikes are the talk of the world, Canada is bracing for 75 basis in May while US 50 basis. It is a race for highest rates @ the fastest pace.

S&P 500 @ 4271.78, low 4267.62, high 4385.93

RSI @ 36.92

CMF @ -0.048

Internals were :

Down volume led by 9.39 to 1 in NYSE & 2.97 to 1 in Nasdaq

Declining stocks led by 5.70 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 579 in NYSE & 592 in Nasdaq

VIX UP 24.38% @ 28.21

Oil @ $102.07

Gold @ $1934.30

Canadian $ @ .7281

Stocks which closed green included UAL

SNAP XPEV SAVE TWTR JD SLB

BABA....

Here is my portfolio weighting :

HST       26.37%

UAL      21.21%

MGM   20.70%

PLTR   10.96%

BTCC     8.86%

NCLH    8.71%

RIOT     2.15%

SOFI       .59%

SOL        .45%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.05% to 2.07%.....

 Indices closed down.

S&P 500 @ 4393.66, low4384.47, high 4512.94

RSI @ 45.03

CMF @ 0.046

Internals were :

Down volume led by 5.17 to 1 in NYSE & 2.64 to 1 in Nasdaq

Declining stocks led by 4.27 to 1 in NYSE & 3.38 to 1 in Nasdaq

Net new lows were leading by 161 in NYSE & 377 in Nasdaq

VIX UP 11.61% @ 22.68

Oil @ $103.79

Gold @ $1948.20

Canadian $ @ .7472

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included HST UAL

JBLU AAL DAL IBM EAT TSLA DDD

AH Futures Down

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was under severe selling pressure after opening strong, one comment from Fed chief of 50 basis increase sent entire stock market tumbling, there was even talk of 75 basis point increase since 2 weeks ago...go figure. Indices closed near low of the day. Internals were negative. Earnings reports from Technology stocks are causing more concern in terms of guidance & issues.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4459.45, low 4448.76, high 4488.29

RSI @ 50.60

CMF @ 0.049

Internals were :

UP volume led by 1.63 to 1 in NYSE & .68 to 1 in Nasdaq

Advancing stocks led by 1.86 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new highs were leading by 87 in NYSE & lows by 94 in Nasdaq

VIX Down 4.91% @ 20.32

Oil @ $102.75

Gold @ $1955.60

Canadian $ @ .7503

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 1% or more included MGM UAL

CNX CNQ MGA TJX CCJ TWTR PAAS

IBM CIEN DAL NTAP ASML AEM

FFIV OXY MS....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was mixed @ close as Nasdaq was weakest. DOW was the sole winner, Internals were mostly positive. After hour UAL was UP better than 7% on strongest guidance from any airline. There is a good chance that we may close in green on Thursday as we remain extremely oversold in technology.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.45% to 2.15%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4462.21, high 4471.03, low 4390.63

RSI @ 50.85

CMF @ 0.103

Internals were :

UP volume led by 2.67 to 1 in NYSE & 3.40 to 1 in Nasdaq

Advancing stocks led by 1.92 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new lows were leading by 311 in NYSE & 361 in Nasdaq

VIX Down 3.61% @ 21.37

Oil @ $102.56

Gold @ $1959.00

Canadian $ @ .7380

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 3% or more included

HST MGM NCLH PLTR SOFI SOL UAL

SNAP XPEV NIO AFRM PYPL COIN M

ARKK ROKU RCL CCL WYNN LVS 

PENN DKNG AAL LAC MSTR AMD

DASH LYFT UBER DOCU ZI ZM

ESTC DDOG TWLO FB AMZN

JKS RH ULTA NKE....

AH Futures Down

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was in a bullish mode due to severe oversold condition. Most sectors participated in today's rally. Internals were mostly positive. Market closed near high of the day. Will we get confirmation of today's rally, It Is doubtful based on NTFLX carnage.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .02% to .14%....

 Indices closed down.

S&P 500 @ 4391.69, low 4370.30, high 4410.31

RSI @ 44.46

CMF @ 0.080

Internals were :

Down volume led by 1.42 to 1 in NYSE & 1.80 to 1 in Nasdaq

Declining stocks led by 1.86 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new lows were leading by 268 in NYSE & 415 in Nasdaq

VIX Down 2.33% @ 22.17

Oil @ $108.21

Gold @ $1986.40

Canadian $ @ .7375

Portfolio BTCC HST MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 2% or more included BTCC

MOS TECK TWTR CNQ

FCX INTC TER NVDA 

LRCX CRUS OXY MS....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE struggled whole day and closed slightly red, Internals were negative. Interest rates are charging UP @ 3 year high which is creating lot of uncertainty for world economies. Inflation still has not peaked, on Wednesday AM Canada is expecting inflation @ 7% could be a new 40 year high. Stay with good stocks only with limited exposure.

BLOG does NOT give buy or sell.

Saleem

US Stock market in a bear market TAPE.....

 US stock market is displaying a pattern of an entrenched bear market TAPE

UP 1 day

DOWN 3 days

There are too many unknown in world economies to even get an handle as to the direction or imminent solution.

Hyper inflation is getting a hold worldwide

Most input costs are going UP & UP

Profit is most uncertain when consumer has to make choices between getting groceries vs many non-essentials which can be delayed indefinitely.

Electronics & technology may be the biggest victim of this essential switch.

Interest rates are moving UP faster than anticipated, no more no increase in rates till 2023 or 2024, It IS all happening in early 2022...how is that for accuracy of guidance.....

Think tanks had to redo their projections which keeps coming down.....

Most optimistic group is analysts of technology companies...they keep singing their old tune, higher and higher earnings projection while reality is exactly opposite, guidance from most companies are downbeat....tell that to analysts.,,.they take that news as all bad news is priced in....

I see much more downside to technology BUT costs are increasing for all companies.....

Under current environment only the best management with keen eye on all cost and challenges will be the exception....

Not only it is a stock picker environment but to pick the-best in every sector will be more than what anybody can pinpoint.....

Looks like it may be a long drawn out bear market which needs closest monitoring but loads of patience & conviction.....

Please do not underestimate longevity of a bear market, I went through my very first one from 1973 to 1977...with 4 stocks which went nowhere but down down & down for 4 years...yes I was well diversified...Massey Ferguson, Wheelabrator Fry, Royal Industries can remember only 3...they served a good purpose in Canada in 1974, got me a car loan as collateral with a bank.....

SO....please pay lot more attention to your stocks, old formula does not work, It is always a combination of lot of new learning and monitoring....

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .33% to 2.14%.....

 Indices closed down as 10year yield shot up to 2.827% along with 2 5 & 30 year yield, no inverted yield yet. Technology stocks were impacted by higher yield.

S&P 500 @ 4392.59, low 4390.77, high 4460.46

RSI @ 44.53

CMF @ 0.157

Internals were :

Down volume led by 1.95 to 1 in NYSE & 1.99 to 1 in Nasdaq

Declining stocks led by 1.83 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new lows were leading by 184 in NYSE & 200 by Nasdaq

VIX UP 4.03% @ 22.70

Oil @ $106.95

Gold @ $1974.90

Canadian $ @ .7369

Stocks which closed green included 

MGM NCLH

WYNN LVS

BROS MA

MS NKE

CMG X IBM....partial list only as error in database of yahoo finance.

Here is my portfolio weighting :

HST    25.66%

MGM  21.42%

UAL    19.01%

PLTR  11.63%

BTCC   9.18%

NCLH  9.11%

RIOT   2.80%

SOFI     .68%

SOL      .51%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.01% to 2.03%...NICE!!!!

 Indices closed UP.

S&P 500 @ 4446.59, high 4453.92, low 4392.70

RSI @ 48.71

CMF @ 0.254

Internals were :

UP volume led by 4.93 to 1 in NYSE & 4.47 to 1 in Nasdaq

Advancing stocks led by 2.92 to 1 in NYSE & 2.88 to 1 in Nasdaq

Net new lows were leading by 155 in NYSE & 127 in Nasdaq

VIX Down 10.66% @ 21.82

Oil @ $104.25

Gold @ $1984.70

Canadian $ @ .7399

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 4% or more included

BTCC HST MGM NCLH UAL

XPEV NIO HOOD LULU AG

TECK M JBLU MRVL RCL

AAL CCL SCHW MSTR

LYFT DAL ZM CRWD

ESTC SPLK LAC JKS....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE closed UP near high of the day. Many celebrated that finally inflation has peaked with 11% PPI. Today's rally was in many many sectors but airlines stocks were strongest with DAL upbeat guidance. We need a strong close on Thursday to confirm this rally.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .26% to .34%.....

 Indices closed down.

S&P 500 @ 4397.45, low 4381.34, high 4471.00

RSI @ 44.29

CMF @ 0.276

Internals were :

Down volume led by 1.35 to 1 in NYSE & 1.20 to 1 in Nasdaq

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

Net new lows were leading by 249 in NYSE & 215 in Nasdaq

VIX Down .45% @ 24.26

Oil @ $100.60

Gold @ $1976.10

Canadian $ @ .7390

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 2% or more included HST SOL

APA CNQ CVX OXY

MOS LULU CRWD

KBH EAT.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was UP @ open on celebration that inflation is peaking but by close we were down. Market is not sure what to do thus gyrates between UP & Down. 10 year rates moderated a bit currently @ 2.746%. Yield is too much in focus and many theories floating around as to what we are in for in US economy.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.10% to 2.18%....

 Indices closed down.

S&P 500 @ 4412.53, low 4408.38, high 4464.35

RSI @ 45.41

CMF @ 0.345

Internals were :

Down volume led by 1.84 to 1 in NYSE & 1.22 to 1 in Nasdaq

Declining stocks led by 2.64 to 1 in NYSE & 2.08 to 1 in Nasdaq

Net new lows were leading by 363 in NYSE & 339 in Nasdaq

VIX UP 15.17% @ 24.37

Oil @ $94.29

Gold @ $1948.20

Canadian $ @ .7375

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included MGM NCLH UAL

NTR FSLR SPWR JKS CCJ M JBLU AAL DAL RCL

ROKU TWTR CCL DKNG PENN SHOP TOL KBH 

ESTC EAT DHI PHM BYND RH BROS....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was weak again and closed near low of the day, Internals were negative. 10 year rate is reaching 2.824% which is a new high in this runup thus creating interest rate scare. Pay attention to your portfolio for relative performance, IF its weaker than general market then please make some adjustments.

BLOG does NOT give buy or sell.

Saleem

US stock market near support.....

 US stock market has been struggling to discount many known and unknown issues which has cropped up since start of 2022.

It is almost 100 days where market has struggled to keep up with uncontrollable inflation, higher interest rates and war in Ukraine

Discounting  / digesting these issues has not been easy for US stock market, which is the world largest economy and spearheading action against Russia which is the 3rd biggest economic power....

All 3 issues are in a non decisive stage, more work needs to be done, thus US stock market cannot make its mind whether to go UP / DOWN or sideways....your guess is as good as mine.

Strictly based on sentiment, market is very close to finding support, buying on weakness may be a good strategy.

Oil may be toppy now, profit needs to be booked in oil related stocks.

A well diversified portfolio is the only way to be in this type of sloppy market.

World Central banks are getting aggressive in hiking interest rates, Canadian Central Bank is expected to hike by 50 basis this Wednesday.

Fed is expected to do the same...

Having highest conviction portfolio is a safe way to be in this market.

Good luck with your own interpretation about this market and your own comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed when DOW was the sole winner @ close. No real progress in any of the issues impacting US stock market, Interest rates creeping higher, war in Ukraine drags on impacting food inflation.....

S&P 500 @ 4488.28, low 4474.60, high 4520.41

RSI @ 51.45

CMF @ 0.344

Internals were :

Down volume led by .70 to 1 in NYSE & 1.63 to 1 in Nasdaq

Declining stocks led by 1.20 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new lows were leading by 159 in NYSE & 182 in Nasdaq

VIX Down 1.81% @ 21.16

Oil @ $98.26

Gold @ $1945.60

Canadian $ @ .7421

Stocks which closed green included

APA NTR MOS AG TEXK

M PAAS CNQ SCHW FCX 

GOLD NVAX MRNA CVX 

PHM AEM OXY SLB RH MS....

Here is my portfolio weighting :

HST       24.39%

MGM    21.08%

UAL      18.46%

PLTR   12.42%

BTCC  10.31%

NCLH   8.77%

RIOT    3.26%

SOFI      .77%

SOL       .54%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .06% to .43%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4500.21, high 4521.16, low 4450.30

RSI @ 52.47

CMF @ 0.318

Internals were :

Down volume led by 1.32 to 1 in NYSE & 1.38 to 1 in Nasdaq

Declining stocks led by 1.11 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new lows were leading by 271 in NYSE & 199 in Nasdaq

VIX Down 2.49% @ 21.55

Oil @ $96.03

Gold @ $1937.80

Canadian $ @ .7402

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included

AMAT NTR MOS FSLR TJX PYPL LULU

AG CCJ TECK X SAVE AAPL PAAS CNQ

CLF MSTR PFE GOLD MSFT PANW NEM

CRWD ESTC ENPH CVX MCD TSLA 

LRCX FFIV OXY AMAT LNG ULTA

NKE......

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE went down and tested support and found buyers below 50 DMA. Indices closed near high of the day. Internals were negative. Technology stocks were bought near lows. IF we have digested all issues, then we should close green on Friday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .42% to 2.22%.....

 Indices closed down.

S&P 500 @ 4481.16, low 4450.04, high 4503.94

RSI @ 51.03

CMF @ 0.333

Internals were :

Down volume led by 1.97 to 1 in NYSE & 2.91 to 1 in Nasdaq

Declining stocks led by 2.76 to 1 in NYSE & 2.56 to 1 in Nasdaq

Net new lows were leading by 310 in NYSE & 251 in Nasdaq

VIX UP 5.09% @ 22.10

Oil @ $96.23

Gold @ $1923.10

Canadian $ @ .7495

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included

CNX CTRA MOS AG IBM

PFE CVX MCD OXY SLB

LNG TLRY....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under tremendous selling pressure due to Faster tapering and hikes in Fed funds rate, 2, 10 & 30 year rates are flying UP out of control affecting consumers and corporate world. There is a foregone conclusion that Fed has to be very aggressive in raising rates and removing liquidity from system which will push stock market further lower. Most key indices are on the verge of going below 50 DMA or already done so like S&P 500 below and Nasdaq ready to tip under.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .80% to 2.26%.....

 Indices closed down.

S&P 500 @ 4525.12, low 4514.17, high 4593.45

RSI @ 54.58

CMF @ 0.350

Internals were :

Down volume led by 3.87 to 1 in NYSE & 3.71 to 1 in Nasdaq

Declining stocks led by 4.33 to 1 in NYSE & 2.96 to 1 in Nasdaq

Net mew lows were leading by 53 in NYSE & 79 in Nasdaq

VIX UP 13.25% @ 21.03

Oil @ $101.96

Gold @ $1927.50

Canadian $ @ .7544

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which closed green included BTCC NCLH

MOS BB M SAVE RCL TWTR CCL 

CLF PFE BMO MCD FFIV JWN RH

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was under severe selling pressure near close, Interest rates are shooting UP and war in Ukraine is not letting UP caused all the grief on Wall Street. Hawkish statement from voting member of Fed did not help either. Stay in high conviction stocks while this uncertainty gets resolved.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .30% to 1.9%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4582.64, high 4583.50, low 4539.21

RSI @ 59.61

CMF @ 0.318

Internals were :

UP Volume led by 1.50 to 1 in NYSE & 2.83 to 1 in Nasdaq

Advancing stocks led by 1.32 to 1 in NYSE & 1.74 to 1 in Nasdaq

Net new highs were leading by 48 in NYSE & 0 in Nasdaq

VIX Down 5.40% @ 18.57

Oil @ $103.28

Gold @ $1934.00

Canadian $ @ .7503

Portfolio HST BTCC MGM NCLH PLTR RIOT SOFI SOL UAL

Stocks which were UP 4% or more included PLTR SOFI SOL

SNAP XPEV SPWR NIO PYPL LULU SQ LSPD ARKK

TWTR QCOM MGNI DASH BIDU PINS DKNG SHOP 

ZM ESTC ENPH PDD JD FB TSLA BABA NFLX

ROKU....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed near high of the day after opening hesitation. Internals were strong. Many sectors participated in today's strong close. Try to book profit on stocks which is hitting 60+++ RSI. We are getting close to being mildly overbought.

BLOG does NOT give buy or sell.

Saleem

US stock market in a holding pattern.....

 US stock market has retreated to test support...

US stock market is trying to digest many issues...

Russia Ukraine war is stuck in the mud, going nowhere fast, negotiations going nowhere...

Inverted yield also spooking recession fear

Market players are evenly divided between bulls & bears....

Fed ready to increase interest by 50 basis this month

Covid-19 with its many variants are playing guessing game

All in all lot of cross currents are troubling US stock market....

My take is buy & hold stocks which you are comfortable holding in a passive mode, which is what I have been doing...keep hope & expectations very low

Among the sectors I follow, only XLE is overbought & vulnerable, its sporting an RSI of 77.06

SOX @ 47.74 RSI is the weakest.....

Rest of the sectors seems healthy and getting cash inflow...

This is a time in market where you should discover new area of investing instead of following same old...

Crypto currencies has made a strong comeback and may be good place for exposure....from ETF to individual stocks, list is endless...

Good luck with your own analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .29% to .40%...NICE !!!!

 Indices closed UP despite inversion, inflation, recession & invasion, Jobs data was better than expected. Cross currents are alive & well in Market. Always good to close in green & near high of the day.

S&P 500 @ 4545.86, high 4548.70, low 4507.57

RSI @ 57.27

CMF @ 0.205

Internals were :

UP volume led by 2.45 to 1 in NYSE & .84 to 1 in Nasdaq

Advancing stocks led by 1.71 to 1 in NYSE & 1.36 to 1 in Nasdaq

Net new highs were leading by 21 in NYSE & lows by 57 in Nasdaq

VIX Down 4.52% @ 19.63

Oil @ $99.27

Gold @ $1923.70

Canadian $ @ .7491

Stocks which were UP 1% or more included BTCC SOL

CNX APA SNAP XPEV NIO AG PAAS GE TECK

LSPD ARKK TWTR WYNN CNQ OXY LNG 

MGNI DASH BIDU SNOW GOLD AEM 

DOCU SHOP ESTC DDOG ENPH JKS JD

TWLO LVS MA V....

Here is weighting for my portfolio :

HST      24.48%

MGM   20.60%

UAL     18.43%

PLTR  12.37%

BTCC 10.27%

NCLH  8.78%

RIOT   3.71%

SOFI     .83%

SOL      .53%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem