US stock market in sideways mode....

 For the last 3 months US stock market is stuck in a very narrow trading range, we have not gone anywhere since February levels in Nasdaq...

It IS important to monitor biggest cash infusion / allocation sector which IS Nasdaq and see what is the real trend...

90 days is a long base building format.....

Most indices are anywhere from 17% - 25% below its all time high

IF you are patient and have strong conviction, then you have lot of hope & optimism going forward...

We all know from history, that all indices go to new series of all time highs in giant leap forward...

In base building , It does seems long & frustrating while shorts are having field day with low & low predictions which does not materialize majority of times.

Housing in North America is surging again and have eliminated 90% of price adjustment, a great barometer of wealth.

Going strictly by RSI numbers, S&P 500 is the strongest with 59.78 even @ near support in Market.

2nd best in my universe is...IF you can believe it ...It IS XLF with 56.79 in RSI

3rd best IS Nasdaq with 55.31 RSI......

Weakest is SOX with 43.99 in RSI....

Stock market has its own rhythm, make moves UP or DOWN in an unpredictable fashion, BUT once trend is set UP or DOWN then only everyone knows IF we are in a BULL or BEAR mode...

Based on of the above, after 3 months of basing, a diversified bullish bet is the right way.

We are already witnessing bullish rotation in Casino, Homebuilders.....

Good luck with your own analysis and comfort level,

Here is my portfolio weighting :

SHOP    46.34%

ARKK   43.86%

SQ         6.17%

AI          3.63%

BLOG does NOT give buy or sell.

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