Indices closed mixed....

 Indices closed mixed in end of the month roulette. All Indices made a stunning reversal to near high close, DOW kept going UP.

S&P 500 @ 4567.80, high 4569.89, low 4537.24

RSI @ 70.90

Internals were :

UP volume led by 2.47 to 1 in NYSE & .76 to 1 in Nasdaq

Advancing stocks led by 1.62 to 1 in NYSE & .99 to 1 in Nasdaq

Net new highs were leading by 50 in NYSE & lows by 33 in Nasdaq

VIX down .46% @ 12.92

Oil @ $75.96

Gold @ $2036.40

Canadian $ @ .6409

In my portfolio Sold 40% MSFT @ $28.01 in Toronto

Portfolio AI CNQ META MSFT NVDA PLTR SOFI GDXJ LSPD

Today's close was impressive and puts bulls in saddle again.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed while treasury yield fell to the lowest level in almost 4 months.

S&P 500 @ 455058, low 4547.15, high 4587.64

RSI @ 69.14

Internals were :

UP volume led by 1.80 to 1 in NYSE & 1.52 to 1 in Nasdaq

Advancing stocks led by 2.06 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new highs were leading by 178 in NYSE & 39 in Nasdaq

VIX UP 2.29% @ 12.98

Oil @ $77.86

Gold @ $2067.10

Canadian $ @ .6400

In my portfolio...bought GDXJ @ $38.00

Portfolio AI CNQ META MSFT NVDA PLTR SOFI GDXJ LSPD

Market is trying to climb wall of worries. Never short a dull market, this is a one step back & 2 step forward market. Gold @ new highs & climbing thus my entry today in Junior gold ETF.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .10% to .29%...NICE !!!

 Indices closed UP as yields keep going lower.

S&P 500 @ 4554.89, high 456814, low 4540.51

RSI @ 70.13

Internals were :

UP volume led by 1.30 to 1 in NYSE & 1.57 to 1 in Nasdaq

Advancing stocks led by 1.24 to 1 in NYSE & .94 to 1 in Nasdaq

Net new highs were leading by 110 in NYSE & lows by 39 in Nasdaq

Oil @ $75.37

Gold @ $2042.00

Canadian $ @ .6431

In my portfolio ...added 70% NVDA @ $45.37 in Toronto

Portfolio AI CNQ META MSFT NVDA PLTR SOFI LSPD

10 year yield around 4.30% is giving boost to high beta stocks.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .07% to .35%....

Indices closed lower after reversing from gains.

 S&P 500 @ 4550.43, low 4546.32, high 4560.52

RSI @ 69.71

Internals were :

Down volume led by 1.75 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 1.25 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new highs were leading by 151 in NYSE & lows by 36 in Nasdaq

VIX UP 1.85% @ 12.69

Oil @ $74.86

Gold @ $2009.65

Canadian $ @ .6361

In my portfolio :

Added 60% PLTR @ $19.15

Sold SNAP @ $12.72

Portfolio AI CNQ META MSFT NVDA PLTR SOFI LSPD

Internals were weak which is a concern about health of this TAPE.

BLOG does NOT give buy or sell.

Saleem

US stock market getting another boost....

US stock market has defied skeptics again & again.

It IS still early stage of a new bull market...

QQQ has made a new high.....

Once a new high is attained generally It IS followed by a series of new highs.

Let us examine where major stocks are sitting in terms of RSI :

SHOP        72.63

MSFT        68.59

AMZN       63.90

META        63.70

GOOG       57.60

NVDA       55.06

TSLA        53.75

CNQ         50.95

Based on the above RSI except for SHOP all others are looking like a good place to start a position. Black Friday was better than expected for SHOP which will propel it further in new 52 WK high territory BUT far far from all time high.

Q 4 is an extremely bullish time for stock market and may surprise even the most optimistic bull.

There has been too much emphasis on " sell the news " lately where good quarters were given a big YAWN......NOT SO FAST...I say....watch the same stocks take off NOW...

It is important to be with the winners in a bullish market....

Many good stocks which were hyped before have been taken to the cleaners, they should make a move now and perform better than leading stocks in terms of % gains.

Be ready for Cyber Monday in all its glory.....

Good luck with your own analysis & strategy!

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed on short session, Russell 2000 was the strongest while Nasdaq took a nap.

S&P 500 @ 4559.34, high 4560.31, low 4552.80

RSI 71.55

Internals were :

UP volume led by 3.02 to 1 in NYSE & 2.88 to 1 in Nasdaq

Advancing stocks led by 2.64 to 1 in NYSE & 2.29 to 1 in Nasdaq

NET new 52 week highs were leading by 123 in NYSE & 28 in Nasdaq

VIX down 2.66% @ 12.46

Oil @ $76.36

Gold @ $2000.90

Canadian $ @ .6385

Here is my portfolio weighting :

AI               31.08%

NVDA        13.71%

CNQ          11.71%

MSFT        11.37%

PLTR        10.33%

SNAP        8.98%

META       7.52%

LSPD       3.58%

SOFI       1.72%

Next post by 6 PM  on Sunday.

BLOG does NOT give buy or sell.

Saleem 

Indices closed UP.41% to .69%...NICE !!!

 Indices closed UP as Russell 2000 performed the-best.

S&P 500 @ 4556.62, high 4568.42, low 4545.05

RSI @ 71.34

Internals were :

UP volume led by 1.99 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.97 to 1 in NYSE & 1.67 to 1 in Nasdaq

Net new highs were leading by 138 in NYSE & 9 in Nasdaq

VIX down 3.75% @ 12.85

Oil @ $77.10

Gold @ $2001.60

Canadian $ @ .6303

In my portfolio :

Sold LYFT @ 10.33

Bought CNQ @ $65.10

Bought PLTR @ $19.70

Portfolio AI CNQ META MSFT NVDA SNAP SOFI LSPD PLTR

Internals were positive all around. VIX has tumbled to support area, keep an eye IF it reverses.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .18% to 1.32%....

 Indices closed down on overbought condition. Russell 2000 was the weakest.

S&P 500 @ 4538.19, low 4525.51, high 4542.14

RSI @ 69.91

Internals were :

Down volume led by 2.06 to 1 in NYSE & 2.08 to 1 in Nasdaq

Declining stocks led by 1.76 to 1 in NYSE & 2.29 to 1 in Nasdaq

Net new highs were leading by 78 in NYSE & lows by 76 in Nasdaq

VIX down .45% @ 13.35

Oil @ $77.77

Gold @ 2001.60

Canadian $ @ .6303

In my portfolio :

Bought LSPD in Toronto @ $22.23

Bought SOFI @ $6.49

Portfolio AI LYFT LSPD META MSFT NVDA SNAP SOFI 

After hours NVDA earnings report was a beat beat & beat guidance, reward in AH down 1.4%.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .58% to 1.13%...NICE !!!

 Indices closed UP as buying momentum continues. Internals were positive.

S&P 500 @ 4547.38, high 4557.11, low 4510.36

RSI @ 71.56

Internals were :

UP volume led by 2.06 to 1 in NYSE & 2.78 to 1 in Nasdaq

Advancing stocks led by 2.17 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new highs were leading by 158 in NYSE & 5 in Nasdaq

VIX Down 2.83% @ 13.41

Oil @ $77.60

Gold @ $1980.10

Canadian $ @ .6275

Portfolio AI LYFT META MSFT NVDA SNAP

Indices are in " overbought territory " good place to book profit.

BLOG does NOT give buy or sell.

Saleem

US stock market may digest gains....

 US stock market has roared very quickly to overbought level....

IF we pause & digest gains here...It may be healthy...

IT IS extremely difficult to predict when market will stop going UP...

We can only rely on some overbought & oversold perimeters

RSI is the only one I use extensively in my buy & sell decisions...

Sentiment is another indicator  which I use to deal with EUPHORIA or EXTREME NEGATIVITY

Currently everyone is very comfortable with market direction.....

BUT....

It Is NEVER a straight line UP or DOWN...lot of swings along the way....

Currently RSI stands @....

XLF                      70.82

SOX                     70.71

Nasdaq                68.69

DOW                   68.32

RUSSELL 2000 60.33

Based on the above RSI numbers......most are in " overbought territory "

Russell 2000 which has been the weakest link, is also showing 60.33 RSI....NOT a bargain @ all.

Stocks in a bull market is hard to trade, sometimes low 60 is a great entry point BUT ....nothing IS GUARENTEED in Wall Street.....

Keep your list to buy stocks handy, It IS becoming a traders market.....even a day traders dream.....

SO please notice the changing trading environment.....each stocks are going through digestive period thus creating opportunity of buying lower....

Good luck with your own analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .02% to 1.35%...NICE!!!

 Indices closed in green but shining star was Russell 2000 which outran all the Indices.

S&P 500 @ 4514.02, high 4520.12, low 4499.66

RSI @ 69.10

Internals were :

UP Volume led by 2.97 to 1 in NYSE & 3.12  to 1 in Nasdaq

Advancing stocks led by 2.65 to 1 in NYSE & 2.11 to 1 in Nasdaq

Net new highs were leading by 98 in NYSE & lows by 31 in Nasdaq

VIX Down 3.63% @ 13.80

Oil @ $75.89

Gold @ $1984.60

Canadian $ @ .6254

In my portfolio :

Sold SHOP @ $$68.50

Sold PLTR @ $20.36

Added AI @ $29.52 & $29.15..Total add on 100%

Added 125% SNAP @ $11.90

Here is my portfolio weighting :

AI          33.95%

LYFT     20.84%

NVDA   15.23%

MSFT   12.00%

SNAP    9.18%

META    8.80%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed, second day of well deserved rest after sharply higher moves.

S&P 500 @ 4508.24, high 4511.99, low 4487.83

RSI @ 68.67

Internals were :

Down volume led by 2.36 to 1 in NYSE & 1.96 to 1 in Nasdaq

Declining stocks led by 1.42 to 1 in NYSE & 2.00 to 1 in Nasdaq

Net new highs were leading by 50 in NYSE & lows by 82 in Nasdaq

VIX UP .99% @ 14.32

Oil @ $72.90

Gold @ $1986.60

Canadian $ @ .6220

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP

Internals were negative & Russell 2000 took a beating again.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .07% to .47%...NICE !!!!

 Indices closed UP despite mini profit taking in leading stocks.

S&P 500 @ 4502.88, high 4521.17, low 4495.31

RSI @ 68.28

Internals were :

UP volume led by 2.04 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by 1.36 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new highs were leading by 128 in NYSE & 21 in Nasdaq

VIX UP .14% @ 14.18

Oil @ $76.66

Gold @ $1965.10

Canadian $ @ .6329

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP 

Internals were positive today, sign of ongoing uptick buying.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.43% to 5.44%....NICE !!!

 Indices rocketed UP in one of the biggest UP move for 2023. Russell 2000 was the-Superstar today, UP a whopping 5.44% in a single day.

S&P 500 @ 4495.70, high 4508.67, low 4458.97

RSI @ 67.79

Internals were :

UP volume led by 10.25 to 1 in NYSE & 3.84 to 1 in Nasdaq

Advancing stocks led by 9.80 to 1 in NYSE & 3.57 to 1 in Nasdaq

Net new highs were leading by 151 in NYSE & lows by 22 in Nasdaq

VIX Down 4.07% @ 14.16

Oil @ $78.26

Gold @ $1966.50

Canadian $ @ .6284

In my portfolio ...added 50% PLTR @ $19.90

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP

TAPE had the hallmark of a major breakout which should carry into series of new highs.....

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed after a strong Friday, DOW was the sole green along with mini green in Russell 2000.

S&P 500 @ 4411.55, low 4393.82, high 4421.76

RSI @ 61.25

Internals were :

UP volume led by .81 to 1 in NYSE & 1.04 to 1 in Nasdaq

Advancing stocks led by 1.08 to 1 in NYSE & .97 to 1 in Nasdaq

Net new lows were leading by 45 in NYSE & 180 in Nasdaq

VIX UP 4.16% @ 14.76

Oil @ $78.26

Gold @ $1950.20

Canadian $ @ .6169

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP

Inflation reports will be in focus which may be a neutral report @ worst.

BLOG does NOT give buy or sell.

Saleem

US stock market ready for series of new highs...

 In last 11 trading days Nasdaq has been UP 9 days.....it was a straight 8 days of UP move....

All major Indices have crossed their resistance points.....no more struggling with 200 DMA or 50 DMA...all have been cleared in a hurry...

WHY all this optimism Wall & Broad street ?

First of all we are in the most bullish quarter Q4, where most of the money is made and year ending Sales & profitability is in FOCUS

October generally is the most bearish month...which has departed for at least 11 months...

Most of the issues of High high Interest rates / High Inflation has been discounted and has seen its peak...

Rally will get its high throttle when 1000 of shorts try to cover in panic and eventually go long....thus a sustained UP move and spirited gains in strong sectors....

Speaking of strong sectors....none other than technology will gain the most almost 3 to 1 compared to any other sector

XHB or homebuilders are looking strong

Crypto is coming back ....

Please put your focus on leaders NOT laggards.....

YES there will be periodic pullbacks to catch bull's breath...being tired is no good.....

Expect RSI to touch 80's and stay there....

IF you are still waiting to be aggressive ...do not delay.....stars are all lined UP

Expect this UPTREND to continue into 2024....

Interest rates will see downward adjustment in Q2 of 2024 which may fuel this rally further.

Nasdaq RSI @ 63.01 is in bargain basement territory based on where its heading into 80's

Leaders in Technology will remain the stocks to be IN

SO

Do your own home work & find your best ideas and execute....

Any delay may cost you in terms of gains.

Good luck with your own take about market & sectors.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.15% to 2.05%...NICE !!!!

 Indices closed @ high of the day and clearing major resistance.

S&P 500 @ 4415.24, high 4418.03, low 4353.34

RSI @ 61.76

Internals were :

UP volume led by 2.55 to 1 in NYSE & 1.78 to 1 in Nasdaq

Advancing stocks led by 2.69 to 1 in NYSE & 1.57 to 1 in Nasdaq

Net new lows were leading by 82 in NYSE & 292 in Nasdaq

VIX down 7.33% @ 14.17

Oil @ $77.17

Gold @ $1937.70

Canadian $ @ .6169

Here is my portfolio weighting :

LYFT         19.98%

PLTR        15.02%

NVDA       14.76%

AI             14.28%

MSFT      11.86%

SHOP     11.71%

META     7.78%

SNAP     4.61%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .65% to 1.57%....

 Indices closed down @ low of the day.

S&P 500 @ 4347.35, low 4343.94, high 4393.40

RSI @ 55.40

Internals were :

Down volume led by 3.14 to 1 in NYSE & 2.24 to 1 in Nasdaq

Declining stocks led by 2.73 to 1 in NYSE & 2.82 to 1 in Nasdaq

Net lows were leading by 70 in NYSE & 274 in Nasdaq

VIX UP 5.81% @ 15.29

Oil @ $75.74

Gold @ $1965.40

Canadian $ @ .6228

In my portfolio :

Sold TSLA in Toronto @ $19.50

Bought SHOP @ $60.40

Portfolio AI LYFT META MSFT NVDA PLTR SHOP SNAP

TAPE was deeply overbought thus a sharp pullback was imminent, Russell 2000 is troubling many as it keeps going lower & lower...

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed . Internals were weak.

S&P 500 @ 4382.78, high 4391.20, low 4359.76

RSI @ 60.25

Internals were :

Down volume led by 2.00 to 1 in NYSE & 1.66 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.66 to 1 in Nasdaq

Net new lows were leading by 33 in NYSE & 153 in Nasdaq

VIX Down 2.43% @ 14.45

Oil @ $75.33

Gold @ $1957.80

Canadian $ @ .6197

In my portfolio :

Sold SHOP in Toronto @ $86.49

Added 140% LYFT @ $10.88

Added 25% PLTR @ $18.42

Portfolio AI LYFT META MSFT NVDA PLTR SNAP TSLA

TAPE is struggling in deep overbought conditions.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .17% to .90%...NICE !!!!

 Indices closed UP 7th day in a row while Nasdaq was UP lucky 8 times. Russell 2000 missing this party.

S&P 500 @ 4378.38, high 4386.26, low 4355.41

RSI @ 59.85

Internals were :

Down volume led by 1.68 to 1 in NYSE & .62 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new lows were leading by 11 in NYSE & 100 in Nasdaq

VIX Down .54% @ 14.81

Oil @ $77.37

Gold @ $1973.50

Canadian $ @ .6226

Portfolio AI LYFT META MSFT NVDA PLTR SNAP SHOP TSLA

Market is looking overbought, It may be a good idea to trim some gains.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .10% to .30%...NICE !!!!

 Indices closed UP for 6th day but Internals were negative.

S&P 500 @ 4365.98, high 4372.21, low 4347.53

RSI @ 58.75

Internals were :

Down volume led by 3.27 to 1 in NYSE & 2.29 to 1 in Nasdaq

Declining stocks led by 2.34 to 1 in NYSE & 1.77 to 1 in Nasdaq

Net new highs were leading by 21 in NYSE & lows by 67 in Nasdaq

VIX Down .13% @ 14.89

Oil @ $80.82

Gold @ $1986.40

Canadian $ @ .6333

Portfolio AI LYFT META MSFT NVDA PLTR SNAP SHOP TSLA

We closed near high of the day, Russell 2000 was the sole downer.

BLOG does NOT give buy or sell.

Saleem

US stock market 5 days Bull run....

 US stock market, the-most unpredictable place on planet earth, did the unexpected AGAIN.....

Last 5 days saw the biggest bull run for 2023 & maybe BEYOND.....

How good was the 5 day bull run, here is the stat for select Indices/ Sectors/ Stocks :

DOW                UP 5.45%

S&P 500          UP 6.21%

QQQ                UP 7.40%

Nasdaq            UP 7.45%

Russell 2000   UP 7.93%

SOX                UP 9.62%

ARKK             UP 19.79%

AI                   UP 22.86%

PLTR             UP 30.45%

SHOP            UP 35.09%

ROKU           UP 54.03%

These stats speeds UP our strategy for Investing $....

Technology investing has remained " extremely profitable "

Broader the base IS, narrower is our gain....DOW UP 5.45%

Narrower the base like single stock, higher is gain IF you chose the-best performing stock like ROKU which is UP whopping 54.03%

BUT IF you choose middle of the road like ARKK, your gain is still stunning 19.79%

Among the established sector SOX was the leader with a gain of 9.62%...pretty good for 5 days exposure

Investing / trading is all about knowing what could happen with patience / conviction....

US stock market always goes through roller coaster motion DOWN 5 days and then UP 5 days...IF you stay put with most profitable Ideas.....results could be " outstanding "

For my strategy / patience / conviction....results are more than satisfying :

Last week UP 28.69%

YTD UP 102.82%

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .66% to 2.71%...NICE !!!!

 Indices closed higher again, notching the best week of 2023.S&P 500, Nasdaq, DOW , SOX & XHM all closed above 50 DMA.

S&P 500 @ 4358.34, high 4373.62, low 4334.23

RSI @ 58.09

Internals were :

UP volume led by 4.52 to 1 in NYSE & 3.36 to 1 in Nasdaq

Advancing stocks led by 5.55 to 1 in NYSE & 3.53 to 1 in Nasdaq

Net new highs were leading by 92 in NYSE & lows by 32 in Nasdaq

VIX Down 4.79% @ 14.91

Oil @ $80.51

Gold @ $1999.20

Canadian $ @ .6326

In my portfolio...Bought SNAP @ $10.70

Here is my portfolio weighting :

SHOP       16.31%

AI             15.57%

NVDA      14.00%

PLTR      11.76%

MSFT     11.53%

TSLA      10.78%

LYFT       8.70%

META      7.59%

SNAP       3.76%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.70% to 2.56%...NICE !!!!

 Indices closed @ high of the day, capping 4 says of outsized gains in most stocks.

S&P 500 @ 4317.78, high 4319.72, low 4268.26

RSI @ 54.51

Internals were :

UP volume led by 8.85 to 1 in NYSE & 3.96 to 1 in Nasdaq

Advancing stocks led by 7.30 to 1 in NYSE & 3.16 to 1 in Nasdaq

Net new lows were leading by 5 in NYSE & 118 in Nasdaq

VIX Down 7.17% @ 15.66

Oil @ $82.46

Gold @ $1993.60

Canadian $ @ .6260

In my portfolio...Bought MSFT in Toronto @ $25.82

Portfolio AI LYFT META MSFT NVDA PLTR SHOP TSLA

Market Internals were super strong which is very good for near term action.

In my portfolio SHOP & PLTR had great earnings & guidance considering a very challenging business environment gaining 22.36% & 20.51%....

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .45% to 1.64%....NICE !!!!

 Indices closed near high of the day for 3 days in a row.

S&P 500 @ 4237.86, 4245.64, low 4197.74

RSI @ 46.09

Internals were :

UP volume led by 1.46 to 1 in NYSE & 1.62 to 1 in Nasdaq

Advancing stocks led by 2.36 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new lows were leading by 152 in NYSE & 305 in Nasdaq

VIX Down &.00% @ 16.87

Oil @ $80.44

Gold @ $1987.50

Canadian $ @ .6115

Portfolio AI LYFT META NVDA PLTR SHOP TSLA

Stocks went into bullish mode as Fed Chief was " less hawkish "

BLOG does NOT give buy or sell.

Saleem