Indices closed UP 1.26% to 1.74%....NICE !!!!

 Indices rocketed UP to higher highs and closing @ high of the day. Internals were positive. Inflation seems to be coming down thus a strong reaction.

S&P 500 @ 4109.31, high 4110.75, low 4056.18

RSI @ 62.83

CMF @ 0.112

Internals were :

UP volume led by 5.32 to 1 in NYSE & 3.34 to 1 in Nasdaq

Advancing stocks led by 4.78 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new highs were leading by 56 in NYSE & lows by 49 in Nasdaq

VIX Down 1.68% @ 18.70

Oil @ $75.67

Gold @ $1986.20

Canadian $ @ .6472

Stocks which were UP 3% or more included ARKK SHOP

AI LSPD COIN RUN SPWR GOOS RBLX HST AFRM

ROKU PINS SNOW PANW DOCU CRWD ESTC 

DDOG ELF TWLO TSLA SPLK RIOT JWN

LVS M MSTR....

In my portfolio Sold 10% SHOP.TO @ $65.00

Here is my portfolio weighting based on 70% exposure :

SHOP      50.24%

ARKK     49.76%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .43% to .73%...NICE !!!

 Indices closed UP.

S&P 500 @ 4050.83, high 4057.85, low 4032.10

RSI @ 57.91

CMF @ 0.106

Internals were :

UP volume led by 2.05 to 1 in NYSE & 1.44 to 1 in Nasdaq

Advancing stocks led by 2.70 to 1 in NYSE & 1.16 to 1 in Nasdaq

Net new highs were leading by 25 in NYSE & lows by 77 in Nasdaq

VIX Down .52% @ 19.02

Oil @ $74.37

Gold @ $1997.70

Canadian $ @ .6459

In my portfolio .... Sold AI @ $27.25

Portfolio ARKK SHOP

Stocks which closed UP 1% or more included AI

SQ RUN MRVL DAL XPEV PDD NIO AG

TECK TRIP QCOM FCX DASH AMD SNOW

INTC MSFT NXPI ZM CRWD UBER LITE

SEDG EAT BA ASML NVDA META LRCX

AMZN BABA NFLX OLED AMAT CIEN

LVS BROS ULTA....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed near high of the day and made new highs in months, a sign of solid " fight the Fed moment " Internals were positive again with back to back strength @ close. It IS all about Inflation read before market opens. It IS also end of the week, end of the month & end of the quarter, how It will end depends on the positioning of High Frequency Traders.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.00% to 1.79%...NICE !!!

 Indices closed UP.

S&P 500 @ 4027.81, high 4030.59, low 3999.53

RSI @ 55.77

CMF @ 0.116

Internals were :

UP volume led by 6.27 to 1 in NYSE & 6.48 to 1 in Nasdaq

Advancing stocks led by 3.86 to 1 in NYSE & 2.11 to  1 in Nasdaq

Net new highs were leading by 13 in NYSE & lows by 79 in Nasdaq

VIX Down 4.26% @ 19.12

Oil @ $72.97

Gold @  $1984.50

Canadian $ @ .6422

Portfolio ARKK AI SHOP

Stocks which were UP 3% or more included ARKK AI SHOP

SQ COIN MRVL XPEV LULU RIOT NIO SPWR AFRM

MU QCOM MSTR DKNG INTC PENN ZI ZM LRCX

AMZN ROKU.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong from open and closed @ high of the day, Internals were extremely strong. Key technical levels were taken out even by S&P 500 which closed above 50 DMA while Nasdaq Nasdaq staring @ 12000 to take It out. Most sectors participated in Today's rally which is a good thing.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .12% to .45%....

 Indices closed down.

S&P 500 @ 3971.27, low 395153, high 3979.20

RSI @ 49.96

CMF @ 0.075

Internals were :

UP volume led by 1.75 to 1 in NYSE & .54 to 1 in Nasdaq

Advancing stocks led by 1.43 to 1 in NYSE & .77 to 1 in Nasdaq

Net new lows were leading by 27 in NYSE & 102 in Nasdaq

VIX Down 3.06% @ 19.97

Oil @ $73.20

Gold @ $1973.50

Canadian $ @ .6382

Portfolio ARKK AI SHOP

Stocks which closed green included

COIN MGM DAL XPEV LULU 

JD PDD BIDU JKS TPR UAL

APA SU NIO CCL TJX AG CCJ

CRM M X WYNN PAAS CNQ

LAC FCX CLF MSTR CIEN

DDOG TD CVX EAT PHM BA

AEM BABA OXY SLB LNG

ULTA.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, Indices closed down slightly. There was rotation for last 2 days on beaten down sectors like Oil. Nasdaq continued its well deserved R&R. Market is poised for jump as VIX is below 20. Dull market gives you lot of opportunities to do day trading or jump into well defined rotation. 

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3977.53, high 4003.83, low 3970.49

RSI @ 50.65

CMF @ 0.016

Internals were :

UP volume led by 3.29 to 1 in NYSE & .77 to 1 in Nasdaq

Advancing stocks led by 2.57 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new lows were leading by 9 in NYSE & 81 in Nasdaq

VIX Down 5.24% @ 20.60

Oil @ $72.81

Gold @ $1983.80

Canadian $ @ .6309

Portfolio ARKK AI SHOP

Stocks which closed UP 1% or more included

SQ MGM GOOS DAL LULU UAL APA

SNAP NTR MOS MGA AG CCJ GE X

JBLU ROKU BMBL CNQ AAL SCHW

PINS IBM TD BMO CVX ELF BA

TWLO OXY SLB BROS ORCL 

ULTA CMG....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was mixed @ close when Nasdaq took a rare day of rest. Internals were mostly positive. VIX and the way we closed, It IS getting ready to catch momentum again. Set your portfolio for long term strategy. 

BLOG does NOT give buy or sell.

Saleem

US Stock market looking better & better....

 US stock market has defied Fed & shorts since last October lows.....

Fed tried & tried by racing rates UP to breaking banks & Financial stability with inverted yields, a non workable situation in thin margin banking....

For Nasdaq, SOX & Gold trend is your friend

CNBC is full of skeptics and for rating purpose, they are in prime focus, fear sells rating....

Sadly everyone will wake up within 2 weeks that some Indices may be making new highs.....

Talking of superb performance, Gold is number 1 in my universe with highest RSI of 64.21

SOX is second best with RSI of 57.70

Nasdaq loved by few and ignored by many is third best with RSI of 57.14

S&P 500 is fourth best with RSI of 49.98

XLF is lowest performer with an RSI of 32.04

IWM is 2nd worst with an RSI of 38.15..home of Regional banks & Financials

XLE rounds UP 3rd worst with an RSI of 39.21....how mighty have fallen

All of the above is telling you to " follow the trend with an ETF IF you are not sure which stocks to pick...they all have 1X 2X & 3X ETF to suit your instinct

Many struggling stocks from last year like FANG & AAPL are getting bids....and they are the new & improved way to make money....again ETF may be a better strategy.

Nasdaq is poised to excel going forward.....

Worlds economies are in shamble with lowest GDP growth from CHINA to USA.....thus rate cuts will be fast & furious....

YES...there are many ways to lose money on Wall Street BUT few ways to keep moving ahead...

Good luck with your own choices, follow the FEAR or BE GREEDY NOW

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .31% to .56%...NICE !!!!

 Indices closed UP in a very uncertain session due to ongoing conflicting signals on Interest rate and Banking challenges. When the closing bell rang all Indices closed green as IF there is no issues...

S&P 500 @ 3970.99, high 3972.74, low 3908.16

RSI @ 49.98

CMF @ 0.018

Internals were :

UP volume led by 2.57 to 1 in NYSE & 1.08 to 1 in Nasdaq

Advancing stocks led by 1.47 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new lows were leading by 280 in NYSE & 292 in Nasdaq

VIX Down 3.85% @ 21.74

Oil @ $69.26

Gold @ $1983.80

Canadian $ @ .6235

Stocks which closed UP 1% or more included AI

COIN RUN EXAS RBLX LULU HST CNX 

APA SNAP AFRM PYPL CRM BIDU IBM

DKNG GOLD INTC MSFT PENN MTCH

KBH CVX ELF AEM NFLX....

Here is my portfolio weighting :

SHOP      37.69%

ARKK     35.43%

AI           26.88%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .23% to 1.01%....NICE !!!

 Indices closed UP.

S&P 500 @ 3948.72, high 4007.66, low 3919.05

RSI @ 47.76

CMF @ -0.004

Internals were :

Down volume led by 1.82 to 1 in NYSE & .87 to 1 in Nasdaq

Declining stocks led by 1.59 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new lows were leading by 219 in NYSE & 259 in Nasdaq

VIX UP 1.57% @ 22.61

Oil @ $69.96

Gold @ $1995.90

Canadian $ @ .6339

Portfolio ARKK AI SHOP

Stocks which were UP 2% or more included AI

LSPD TTD MRVL JD PDD RIOT SNAP 

AMAT FSLR MU AG GE TSM PAAS

MSTR DASH AMD SNOW INTC

NXPI NEM KBH ELF TER NVDA

META LRCX BABA NFLX OLED....

AH Futures UP

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed UP after losing all gains from morning, there is a rethink going on about Fed & Treasury about their statements. Market feels the stress of conflicting statements & data. Hopefully soon, we may see a clear cut direction for this market after all news have been discounted / digested.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.60% to 1.65%....

 Indices closed down.

S&P 500 @ 3936.97, low 3936.17, high 4039.49

RSI @ 46.60

CMF @ 0.032

Internals were :

Down volume led by 6.99 to 1 in NYSE & 4.05 to 1 in Nasdaq

Declining stocks led by 2.25 to 1 in NYSE & 2.52 to 1 in Nasdaq

Net new lows were leading by 91 in NYSE & 139 in Nasdaq

VIX UP 4.12% @ 22.26

Oil @ $70.90

Gold @ $1949.60

Canadian $ @ .6275

In my portfolio added 40% ARKK @ $39.30

Portfolio ARKK AI SHOP

Stocks which closed green included

LULU AG PAAS AMD NVDA

GOLD AUY AEM NEM 

MTCH ORCL.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed @ low of the day. Fed surprised by .25% increase in Fed Funds rate and played down all the banking issues, Fed focus remained Inflation, Inflation & Inflation. Fed finally conceded they are @ the end of raising Interest rate cycle. Market has become Daytraders market UP or Down which occurs every 3rd day, so play your own hunch.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .98% to 1.58%....NICE !!!

 Indices closed UP.

S&P 500 @ 4002.87, high 4009.08, low 3971.19

RSI @ 52.70

CMF @ 0.065

Internals were :

UP volume led by 4.61 to 1 in NYSE & 3.80 to 1 in Nasdaq

Advancing stocks led by 3.22 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new lows were leading by 41 in NYSE & 70 in Nasdaq

VIX Down 11.47% @ 21.38

Oil @ $69.33

Gold @ $1941.10

Canadian $ @ .6264

Portfolio ARKK AI SHOP

Stocks which were UP 4% or more included ARKK AI SHOP

LSPD COIN RUN TTD EXAS JKS RIOT APA SPWR

AFRM PYPL ROKU DKNG SNOW CSIQ LYFT

DOCU DDOG ENPH SEDG TWLO TSLA SPLK

SNAP SLB.....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE closed higher @ high of the day. Most of the sectors participated in this strong close, even regional Banks joined the party. It is all about Fed policy statement and Interest rate decision @ 2 PM tomorrow, expect a complete U turn in policy statement  which should see a very powerful rally by close.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP +.39% to 1.20%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3951.57, high 3956.62, low 3916.89

RSI @ 47.76

CMF @ -0.008

Internals were :

UP volume led by 2.33 to 1 in NYSE & 1.09 to 1 in Nasdaq

Advancing stocks led by 1.69 to 1 in NYSE & 1.04 to 1 in Nasdaq

Net new lows were leading by 135 in NYSE & 272 in Nasdaq

VIX Down 5.33% @ 24.15

Oil @ $67.64

Gold @ $1982.80

Canadian $ @ .6311

Portfolio ARKK AI SHOP

Stocks which closed UP 1% or more included MGM XPEV

JKS HST CNX APA NIO AMAT NTR MOS FSLR SPWR

TJX MU TECK X BYD AAPL TRIP QRVO PAAS CNQ

LAC FCX CLF BIDU IBM PFE CSIQ NXPI PENN

CIEN MTCH NTAP KBH ENPH CVX SEDG ELF

MRNA BA MCD META TSLA RIOT SLB LNG

MS.....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE resisted downward pressure due to selling in select regional bank while big banks went UP. Indices closed UP near high of the day. DOW was the star index with highest % gain. Internals were positive. There was rotation today with Oil also turning UP in the afternoon. Fed starting their two day meeting which may not do anything and leave Interest rate alone.

BLOG does NOT give buy or sell.

Saleem

US stock market verdict is in.....

 US stock market has given a clear verdict in all this turmoil of regional banking sector...

FED is retracting

ECB is retracting

Yield is coming down

Bond is in turmoil

Gold is flying

Crypto is IN

HOW THINGS changed in few business days.....

Wall Street & Stock market surprises everyone including the best & seasoned institutions

Few days ago all Fed officials were super super hawkish...NOW no one is coming to CNBC morning or afternoon...guess why.....NOW PAIN is their own trading accounts BLIND TRUST or OPEN

In all this hawkish scenario......for months......

TWO sectors have defied any logic as prevails on Wall Street for months.....

They are

Nasdaq & SOX

Both are above 50 DMA, 200 DMA

& GUESS WHAT

They both are making Golden Cross decisively

That is the-real trend in this difficult market.....

AMD has broken out....YES

NVDA is outperforming in a hurry

Next wave of AI is behind all this

MSFT META all got a bid

Making money in Wall Street IS NEVER easy but getting on board a TREND is the name of the game

In RSI numbers SOX @ 57.74 is the-best performing followed by Nasdaq @ 53.56

SO..in all major technical reading SOX & Nasdaq keep outperforming

Guess which IS the-WORST sector IS based on RSI XLF with a reading of 25.36....

2nd worst IS XLE @ 29.32

IWM is third-worst @ 31.27

Moral of the story IS...there is a well defined UPTREND

This UPTREND IS the NEW WAVE

Get on board......

Train has left the station already, try to play CATCH UP

Good luck on your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .74% to 1.19%....

 Indices closed down due to ongoing jitters about regional banks plus banks in general. US treasury yields have backed off big time. Nasdaq & Semi stocks continue to get love & attention two extremely positive phenomenon in dark days of banking crisis.

S&P 500 @ 3916.64, low 3901.27, high 3958.81

RSI @ 44.06

CMF @ -0.012

Internals were :

Down volume led by 7.52 to 1 in NYSE & 2.63 to 1 in Nasdaq

Declining stocks led by 4.07 to 1 in NYSE & 2.94 to 1 in Nasdaq

Net new lows were leading by 225 in NYSE & 307 in Nasdaq

VIX UP 10.96% @ 25.51

Oil @ $66.74

Gold @ $1973.50

Canadian $ @ ,6243

Stocks which closed green included 

COIN RIOT XPEV AG CCJ TSM

BMBL QCOM MGNI FCX MSTR

BIDU AMD NVDA GOLD AEM 

NEM MSFT LYFT AUY ZI LVS

GOOG MA ORCL OSTK.....

Here is my portfolio weighting :

SHOP      43.32%

ARKK    30.02%

AI         26.64%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem 

Indices closed UP 1.17% to 2.48%....NICE !!!!

 Indices closed UP.

S&P 500 @ 3960.28, high 3964.46, low 3864.11

RSI @ 48.00

CMF @ -0.004

Internals were :

UP volume led by 3.05 to 1 in NYSE & 2.86 to 1 in Nasdaq

Advancing stocks led by 2.80 to 1 in NYSE & 1.95 to 1 in Nasdaq

Net new lows were leading by 180 in NYSE & 232 in Nasdaq

VIX Down 12.05% @ 22.99

Oil @ $68.35

Gold @ $1923.00

Canadian $ @ .6233

Portfolio ARKK AI SHOP

Stocks which closed UP 3% or more included ARKK AI

COIN TTD GOOS MRVL RBLX PDD RIOT AMAT

MU TSM ROKU RCL QCOM QRVO SWKS MSTR

DASH BIDU PINS AMD INTC MSFT PANW LYFT

PENN DOCU ZI CRWD TER NVDA META LRCX

AMZN GOOG OLED SNAP OXY....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ high of the day despite ongoing banking woes. Almost $250 billion was borrowed by banks from Fed window vs $4 Billion previous week, a sure sign of funding shortfall in US banks. Most sector participated in Today's rally which Is very encouraging. Banking issues may have been discounted by market. Nasdaq remained strongest by a factor of 2.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3891.93, low 3838.34, high 3894.26

RSI @ 40.29

CMF @ -0.029

Internals were :

Down volume led by 3.40 to 1 in NYSE & 1.44 to 1 in Nasdaq

Declining stocks led by 3.34 to 1 in NYSE & 2.37 to 1 in Nasdaq

Net new lows were leading by 331 in NYSE & 401 in Nasdaq

VIX UP 10.16% @ 26.14

Oil @ $67.68

Gold @ $1931.30

Canadian $ @ .6197

In my portfolio added 25% AI @ $20.20

Portfolio ARKK AI SHOP

Stocks which closed green included ARKK

XPEV HOOD COIN PYPL SQ M AAPL ROKU 

BMBL SCHW DASH AMD NVDA PFE INTC

MSFT LYFT NEM AEM DOCU ZI ZM CRWD

ESTC DDOG EAT ELF MCD TWLO META

AMZN GOOG NFLX JWN ULTA....

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under severe distress due to aftermath of effects of inverted yield curve. Credit Suisse Is the latest blowup of faulty and aggressive policies of Central Banks who just follow the herd mentality without looking @ consequences. Fed can forget any hikes after this rude wake up call. All the banks are looking very vulnerable due to high high Interest rates. In this rout only quality Nasdaq seems to be the right place to be.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.06% to 2.14%...NICE !!!

 Indices closed UP.

S&P 500 @ 3920.56, high 3937.29, low 3873.63

RSI @ 42.71

CMF @ -0.086

Internals were :

UP volume led by 2.87 to 1 in NYSE & 1.53 to 1 in Nasdaq

Advancing stocks led by 2.60 to 1 in NYSE & 1.83 to 1 in Nasdaq

Net new lows were leading by 109 in NYSE & 181 in Nasdaq

VIX Down 10.52% @ 23.73

Oil @ $71.33

Gold @ $1910.90

Canadian $ @ .6322

Portfolio ARKK AI SHOP

Stocks which were UP 4% or more included SHOP

LSPD COIN TTD RBLX SQ CRM

SCHW DASH PONS AMD NVDA

DOCU MTCH CRWD UBER META

TSLA RIOT....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was green in pre market and got further boost with inline CPI report. Inflation IS very far in Fed mind with all the reset in yield already in market place, low bond yield has given its verdict which decides mortgage interest. Nasdaq had 2 days of gains already in the bag. There was calm even in banking sector with Regional banks showing outsized gains.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 5I00 @ 3855.76, low 3808.86, high 3905.05

RSI @ 34.15

CMF @ -0.082

Internals were :

Down volume led by 2.39 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 2.31 to 1 in NYSE & 1.62 to 1 in Nasdaq

Net new lows were leading by 402 in NYSE & 592 in Nasdaq

VIX UP 6.94% @ 26.52

Oil @ $74.80

Gold @ $1916.50

Canadian $ @ .6309

Portfolio ARKK AI SHOP

 Stocks which were UP 2% or more included ARKK AI

COIN RUN EXAS RBLX PLTR PDD

SPWR AG PAAS MSTR SNOW GOLD

MSFT NEM AEM ZM ESTC SEDG....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was extremely confused today, It was a very conflicting set of stats making round Fed funds futures collapsed from 5%+ to 3%+ a monumental slump. Bonds yield collapsed also mortgage rates crashing down in both US & Canada. Goldman Sachs predicting ZERO hike by Fed in next meeting vs much trumpeted 50 basis and high rates longer, how things change overnight. Moral of the story IS do not believe all the talk make your own calls right or wrong because others are equally wrong or right that DEPENDS.

BLOG does NOT give buy or sell.

Saleem

US stock market, FEAR vs OPPORTUNITY...

 US stock market is going through another panic selling, SVB is the latest casualty in pain driven FED policy of hike hike & hawkish drum rolling.....

Do not be surprised IF Fed takes a somber look @ the destruction they are causing all over....

Fed is known to flip flop when they are proven wrong @ each turn.....

Fed is either too easy or too hawkish, a middle of the road approach is a wiser one...

NOW FEAR IS @ its PEAK......

BE GREEDY when others are PANICKING...

We have gone through these crisis before and It was a great time to accumulate where conviction is high.

YES there will be more CASUALTY just like what is happening in CRYPTOLAND..one blow up after another.....

BUT....this is the time to buy buy buy

NO CRISIS stays forever...crisis have a shelf life of few days...

IF you can believe It....SOX is above both 50 DMA & 200 DMA

GLD is above also both 50DMA & 200 DMA

WORST is Russell 2000 which has an RSI of 29.60...talk of being silly oversold condition

All major Indices are trading in an RSI range of 34.60 for S&P 500 & 39.29 in Nasdaq

I know I know...lot of bad news...BUT someone has to take the other side of the trade when It Is this oversold....

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.07% to 1.76%.....

 Indices closed down NOT on higher rates BUT rates actually collapsed the-most in a very long time in 2 years & 10 years BUT due due to collapse & shut down of SVB in California, venture capital bank.SO panic sets in and then sell sell sell.

S&P 500 @ 3861.59, low 3846.32, high 3934.05

RSI @ 34.60

CMF @ -0.045

Internals were :

Down volume led by 19.63 to 1 in NYSE & 3.70 to 1 in Nasdaq

Declining stocks led by 4.75 to 1 in NYSE & 4.27 to 1 in Nasdaq

Net new lows were leading by 229 in NYSE & 512 in Nasdaq

VIX UP 9.69% @ 24.80

Oil @ $76.68

Gold @ $1867.20

Canadian $ @ .6192

Stocks which closed green included 

RBLX PDD BMBL PAAS

BIDU INTC PANW NEM

AEM ABBV MRNA BA

MCD TSLA LNG ULTA....

Here is my portfolio weighting :

SHOP      44.68%

ARKK     31.07%

AI           24.25%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.66% to 2.05%....

 Indices closed down.

S&P 500 @ 3918.32, low 3908.70, high 4017.81

RSI @ 39.05

CMF @ -0.041

Internals were :

Down volume led by 12.85 to 1 in NYSE & 3.72 to 1 in Nasdaq

Declining stocks led by 5.12 to 1 in NYSE & 3.83 to 1 in Nasdaq

Net new lows were leading by 70 in NYSE & 237 in Nasdaq

VIX UP 18.32% @ 22.61

Oil @ $75.72

Gold @ $1834.60

Canadian $ @ .6218

In my portfolio :

Sold LCID @ $8.02

Added 30% AI @ $22.92

Portfolio ARKK AI SHOP

Stocks which closed green included 

PYPL GE AG CCJINTC

DHI VICR AEM CMG....

AH Futures Down

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE slumped on regional bank liquidity issue, mainstream banks also hit the skids with related concern about liquidity and inverted yield related concern. This was a reaction to broad based impact of Fed aggressive policies, nobody can predict far reaching effect of any policies. This IS what a deeply oversold market looks like, relentless selling from nowhere puts fear in all market participants. BUT there is jobs report @ 830 AM which should cut through one sided negativity and we may see green by close.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3992.01, high 4000.41, low 3969.76

RSI @ 46.23

CMF @ -0.034

Internals were :

Down volume led by 1.04 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1,14 to 1 in Nasdaq

Net new lows were leading by 25 in NYSE & 131 in Nasdaq

VIX Down 2.45% @ 19.11

Oil @ $76.66

Gold @ $1818.60

Canadian $ @ .6213

In my portfolio added 300% AI @ $24.65

Portfolio ARKK AI LCID SHOP

Stocks which closed UP 2% included SHOP

MRVL NIO NTR HOOD MU X SAVE TSM

SWKS AMD NXPI CIEN CRWD LITE TER

DHI LSCC NVDA LRCX OXY.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under pressure with 2nd day of testimony where Fed Chief back tracked some of his hawkish line by saying nothing is pre determined in terms next hike and every decision is data dependent. Today's hotter private jobs hiring may be more than offset a very weak jobs report on Friday ( my guess of course )

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.25% to 1.72%....

 Indices closed down.

S&P 500 @ 3986.37, low 3980.31, high 4050.00

RSI @ 45.51

CMF @ -0.012

Internals were :

Down volume led by 6.60 to 1 in NYSE & 2.77 to 1 in Nasdaq

Declining stocks led by 4.0 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new lows were leading by 12 in NYSE & 89 in Nasdaq

VIX UP 5.27% @ 19.59

Oil @ $79.58

Gold @ $1820.00

Canadian $ @ .6258

In my portfolio :

SOLD 50% LCID @ $8.55

Bought AI @ $26.20

Portfolio ARKK AI LCID SHOP

Following stocks closed green

TTD RBLX UAL SNAP FSLR

BYD SAVE AAL DASH AMD

DKNG SNOW LYFT DOCU

UBER KBH ELF OSTK ULTA

CMG....

AH Futures Down

AH Asian Markets Mixed 

AH Oil & Gold Down

About market, TAPE was a sell sell sell on new hawkish testimony by Fed chief in Senate which will be elaborated further in House on Wednesday. We may get another half day selling which may present buying opportunity. Get your buy program ready for noon.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4048.42, high 4078.49, low 4044.61

RSI @ 52.63

CMF @ 0.035

Internals were :

Down volume led by 2.18 to 1 in NYSE & 1.23 to 1 in Nasdaq

Declining stocks led by 1.69 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new highs were leading by 81 in NYSE & 2 in Nasdaq

VIX UP .65% @ 18.61

Oil @ $80.46

Gold @ $1854.60

Canadian $ @ .6391

In my portfolio added 40% SHOP @ $43.84

Portfolio ARKK LCID SHOP

Stocks which closed UP included SHOP

RUN FSLR CSIQ SPWR ENPH SEDG

JKS JD NCLH SNAP PYPL MU GE

AAPL RCL DKNG CSIQ MSFT

CIEN ZM CRWD CVX MRNA

MCD SPLK EXPE GOOG MA

ORCL MCD ULTA V....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed with Nasdaq showing weakness. It IS all about Fed Chief testimony for 2 days, we may get a surprise quip which may affect this jittery TAPE, the question IS, It may be a instant reaction then stability. Wednesday usually is a repeat of same same and market may resume its uptrend.

BLOG does NOT give buy or sell.

Saleem

US Stock market in bull mode again.....

 US stock market, goes from testing & violating support over & over....

SO we go from " all is clear " to " retest of support "

SO bears are so entrenched in their thesis, they are very vocal & sure, we will hit new lows..

BUT we keep defying everybody...bull or bear...and hanging precariously between those 2 extreme conclusion

AS we say ..Market is always right....so we are stuck in a very narrow trading range

It has become a trading market until Fed pivots...that may be few months away...

Jobs report shows continued sign of strength keeps the Fed Funds rate higher for long approach

About market, we may have few days of positive TAPE but may reverse course on first sign of economic strength or inflation.

SO be nimble take profit when you see .....

In case you are wondering, I practice what I preach.....

Once I hit my sell target, I exit....

This market remains very difficult for every type of Investor or trader.

I get very bullish when we are testing support BUT quickly book profit @ first chance, which is keeping me ahead.

How you play this market Is for you to figure out, It Is never smooth ceiling

Make sure your strategy to keep stocks are on sound fundamental reasons NOT wishful thinking.

Money needs to deployed with great care and for productive strategy, case in point SHOP & MRVL earnings both disappointed BUT I kept & added SHOP BUT Sold MRVL...based on fundamentals and my take of that sector....

SO no straight formulae can be deployed....be flexible and read earnings report for direction...

In the end, nobody is right or wrong...as long as you are protecting capital & better IF you are making money then, you have the right strategy.

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.17% to 1.97%...NICE !!!!

 Indices closed strong on successful retest of support in major Indices. Indices closed @ high of the day recapturing key technical levels.

S&P 500 @ 4045.64, high 4048.29, low 3995.17

RSI @ 52.32

CMF @ 0.035

Internals were :

UP volume led by 1.63 to 1 in NYSE & 4.07 to 1 in Nasdaq

Advancing stocks led by 4.53 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new highs were leading by 107 in NYSE & 32 in Nasdaq

VIX Down 5.62% @ 18.49

Oil @ $79.68

Gold @ $1854.60

Canadian $ @ .6387

Stocks which were UP 3% or more included ARKK LCID SHOP AI

RUN EXAS RBLX NCLH SNAP NIO FSLR AAPL PAAS LAC

DASH PINS SNOW DOCU ZI ESTC DDOG BYND META

TSLA AMZN SPWR BROS....

In my portfolio :

Sold AI @ $27.25

Added 150% LCID @ $8.90 to $8.95

Here is my portfolio weighting on 75% exposure :

SHOP       42.18%

ARKK      40.52%

LCID        17.30%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .73% to 1.05%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3981.35, high 3990.84, low 3928.16

RSI @ 44.52

CMF @ 0.022

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new highs were leading by 12 in NYSE & lows by 71 in Nasdaq

VIX Down 4.81% @ 19.59

Oil @ $78.16

Gold @ $1840.50

Canadian $ @ .6380

In my portfolio :

Added 200% MRVL @ $44.80

Sold MRVL AH @ $42.25

Sold SOL @ $4.48

Added 10% AI @ $20.89

Portfolio ARKK AI LCID SHOP

Stocks which closed UP 2% or more included AI SHOP 

MGM RBLX XPEV NCLH CNX NTR MOS AFRM 

CRM M CLF DASH BIDU AMD INTC DOCU

CRWD UBER EAT BA BYND NVDA TWLO

NIO LVS BROS....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE staged an oversold bounce but did not cross any technical hurdles. We definitely need a confirmation of another UP day. Sector rotation keeps playing daily and may continue. It IS becoming a traders market with maximum exposure of swing trading.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3951.39, low 3939.05, high 3971.73

RSI @ 40.29

CMF @ 0.019

Internals were :

Down volume led by 1.17 to 1 in NYSE & 1.69 to 1 in Nasdaq

Declining stocks led by 1.32 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new highs were leading by 34 in NYSE & lows by 32 in Nasdaq

VIX Down .58% @ 20.58

Oil @ $77.69

Gold @ $1845.40

Canadian $ @ .6398

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed green included MRVL SOL

MGM RBLX JD PDD BIDU JKS UAL NCLH

APA NTR MOS FSLR CCJ TECK CRM CNQ

WYNN FCX CSIQ SEDG EAT LRCX BABA 

SLB LNG LVS....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed which showed weakness again. Nasdaq is extremely vulnerable to losing support which does NOT bode well for leadership of this market. Yes we are deeply oversold and we may get an oversold bounce by close. Internals were negative.

BLOG does NOT give buy or sell.

Saleem