Wednesday, January 31, 2024

Indices closed down .82% to 2.45%....

 Indices closed @ low of the day on an expected answer to a question to Fed Chief " no rate cut in March "

S&P 500 @ 4845.65, low 4845.15, high 4906.75

RSI @ 57.75

Internals were :

Down volume led by 4.31 to 1 in NYSE & 1.71 to 1 in Nasdaq

Declining stocks led by 2.95 to 1 in NYSE & 2.78 to 1 in Nasdaq

Net new highs were leading by 270 in NYSE & 7 in Nasdaq

VIX UP 7.81% @ 14.35

Oil @ 475.85

Gold @ $2067.40

Canadian $ @ .6611

Portfolio MU CNQ LSPD SHOP BTCC.TO

Todays pullback got lot of froth out of this market which IS a good thing.

BLOG does NOT give buy or sell.

Saleem

Tuesday, January 30, 2024

Indices closed mixed....

 Indices closed mixed, only DOW was green. 

S&P 500 @ 4924.97, low 4916.27, high 4931.09

RSI @ 74.69

Internals were :

Down volume led by 1.19 to 1 in NYSE & 1.71 to 1 in Nasdaq

Declining stocks led by .99 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new highs were leading by 403 in NYSE & 112 in Nasdaq

VIX down 2.13% @ 13.31

Oil @ $77.82

Gold @ $2050.90

Canadian $ @ .6586

Portfolio MU CNQ LSPD SHOP BTCC.TO

AH earnings reports were met with " sell the news " only SBUX bucking the trend on not so hot earnings.

BLOG does NOT give buy or sell.

Saleem

Monday, January 29, 2024

Indices closed UP .59% to 1.67%...NICE !!!

 Indices closed @ another record and near high of the day.

S&P 500 @ 4927.93, 4929.31, low 4887.40

RSI @ 75.46

Internals were :

UP volume led by 2.43 to 1 in NYSE & 3.77 to 1 in Nasdaq

Advancing stocks led by 2.95 to 1 in NYSE & 2.26 to 1 in Nasdaq

Net new highs were leading by 347 in NYSE & 125 in Nasdaq

VIX UP 2.56% @ 13.60

Oil @ $76.78

Gold @ $2044.60

Canadian $ @ .6557

Portfolio MU CNQ LSPD SHOP BTCC.TO

After hour earnings are better than expected, tomorrow AH MSFT will be under scrutiny on AI results.

BLOG does NOT give buy or sell.

Saleem

Sunday, January 28, 2024

US stock market reaction to upcoming earnings....

 US stock market IS making series of new all time highs....

Key earnings report are coming this week & next week.

This week on Tuesday MSFT & AMD is reporting, MSFT RSI @ 75.32

AMD RSI @ 72.91.....

Thursday is AMZN RSI @ 67.05

Reaction to above earnings report is hard to predict as It IS all about AI related impact & AI based guidance...

Whenever a new catalyst is @ play like AI...It can go on much longer & faster price action wise

MSFT is among 2nd biggest beneficiary of AI phenomenon after NVDA

AMD is playing fast catch up in AI chip and could gain substantially  going forward....

AMZN has been in AI and improving it all along...could be a huge winner..

Major player in AI NVDA, AMD, MSFT, AMZN, GOOG & META are declared leaders in AI arena

US stock market is showing all the strength of a major bull run, so position accordingly....

One can trade or stay put depends on your trading / Investing style....

Idea IS to make money & stay ahead.....NOT an easy task even in bull market.

Good luck with your strategy & comfort level!

BLOG does NOT give buy or sell.

Saleem

Friday, January 26, 2024

Indices closed mixed....

 Indices closed mixed on a day when poor earnings was dictating the day, Internals were positive and VIX went down, talk of resiliency of this bull market.

S&P 500 @ 4890.97, low 4881.47, high 4906.69

RSI @ 72.14

Internals were :

UP volume led by 1.67 to 1 in NYSE & 1.22 to 1 in Nasdaq

Advancing stocks led by 1.45 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new highs were leading by 297 in NYSE & 60 in Nasdaq

VIX down 1.41% @ 13.26

Oil @ $78.01

Gold @ $2036.10

Canadian $ @ .6539

Here is my portfolio weighting :

CNQ          32.40%

MU            31.68%

SHOP       20.54%

LSPD       12.03%

BTCC.TO 3.35%

Next post by 6 PM Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, January 25, 2024

Indices closed UP .18% to .71%...NICE !!!

 Indices closed UP with Russell 2000 being the best performer.

S&P 500 @ 4894.16, high 4898.15, low 4869.34

RSI @ 72.93

Internals were :

UP volume led by 3.06 to 1 in NYSE & 2.0 to 1 in Nasdaq

Advancing stocks led by 3.20 to 1 in NYSE & 1.64 to 1 in Nasdaq

Net new highs were leading by 261 in NYSE & 0 in Nasdaq

VIX UP 2.36% @ 13.45

Oil @ $77.36

Gold @ $2017.80

Canadian $ @ .6505

Portfolio MU CNQ LSPD SHOP BTCC.TO

Tonight AH earnings reports are below expectations, INTC may drag all technology stocks to a much needed pullback. Friday with option expiry may exaggerate negativity.

BLOG does NOT give buy or sell.

Saleem

Wednesday, January 24, 2024

Indices closed mixed....

 S&P 500 plus Nasdaq kept their winning ways while DOW & Russell 2000 closed red again. Internals were mostly negative.

S&P 500 @ 4868.55, 4903.68, low 4865.94

RSI @ 70.53

Internals were :

Down volume led by 1.57 to 1 in NYSE & 1.67 to 1 in Nasdaq

Declining stocks led by 1.09 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new highs were leading by 364 in NYSE & 143 in Nasdaq

VIX UP 4.70% @ 13.14

Oil @ $75.09

Gold @ $2016.00

Canadian $ @ .6517

Portfolio MU CNQ LSPD SHOP BTCC.TO

BLOG does NOT give buy or sell.

Saleem

Tuesday, January 23, 2024

Indices closed mixed....

 Nasdaq & S&P 500 keep making new all time highs while DOW & Russell 2000 took an afternoon off.

S&P 500 @ 4864.60, high 4866.48, low 4844.37

RSI @ 70.15

Internals were :

UP volume led by 1.40 to 1 in NYSE & 2.25 to 1 in Nasdaq

Advancing stocks led by .99 to 1 in NYSE & .94 to 1 in Nasdaq

Net new highs were leading by 192 in NYSE & 45 in Nasdaq

VIX Down 4.85% @ 12.55

Oil @ $74.37

Gold @ $2025.80

Canadian $ @ .6510

In my portfolio :

Sold 40% CNQ @ $84.17

Bought SHOP @ $107.85 both trades in Toronto

Here is my portfolio weighting :

CNQ         32.11%

MU           31.99%

SHOP       20.78%

LSPD       11.95%

BTCC.TO 3.17%

BLOG does NOT give buy or sell.

Saleem


Monday, January 22, 2024

Indices closed UP .22% to 2.01%...NICE !!!

 Indices closed UP again with Russell 2000 was UP the most.

S&P 500 @ 4850.43, high 4868.41, low 4844.05

RSI @ 68.81

Internals were :

UP volume led by 1.69 to 1 in NYSE & 2.73 to 1 in Nasdaq

Advancing stocks led by 3.17 to 1 in NYSE & 2.35 to 1 in Nasdaq

Net new highs were leading by 332 in NYSE & 129 in Nasdaq

VIX Down .83% @ 13.19

Oil @ $74.76

Gold @ $2022.20

Canadian $ @ .6541

Portfolio MU CNQ LSPD BTCC.TO

BLOG does NOT give buy or sell.

Saleem

Sunday, January 21, 2024

US stock market in full blown bull mode....

 Finally after 2 years of choppy market, we have a " bull market " on hand....

Character of bull market is totally different  than range bound or choppy market...

Bull market means, we go to a much higher target than previous highs....plain & simple...

Strategy in a bull market needs rejig.....

In bull market front line stocks go UP...then rest...then go UP again & again....

Then there are 2nd tier stocks which plays catch UP.....

Then 3rd tier stocks.....

RSI plays very little role in a bull market...RSI goes to 90 easily...then sideways to moderate intraday pullback and then back UP...

YES you need to stay IN or get into stocks that are doing well on any weak open....

Bull market normally last 2 years in a frenzy mode.....

Here are some front line stocks with RSI for close examination, study, research & action :

NVDA        80.74

AMD          80.34

TSM           77.26

MSFT         75.80

QCOM       73.12

PANW        74.75

META        72.58

DDOG       71.97

ESTC         69.69

GOOG       68.94

MU            63.85

AMZN       60.72

INTC         57.79

AAPL        56.97

As you can clearly see that most stocks in above list are well below overbought 80+++RSI

You can start your own zero cost ETF by buying all of the above and have a very good chance of beating most celebrated ETF managers....including Cathie Wood.....

YES look @ the above list of stocks and decide which IS the next buy for you...

In a bull market adding same stocks like buying higher is a great strategy also....

SO...plan your buys with a sense of urgency.....

Bull market can move UP in a hurry as we saw on Friday....

Good luck with your own strategy & comfort level!

BLOG does NOT give buy or sell.

Saleem



Friday, January 19, 2024

Indices closed UP 1.05% to 1.70% ....NICE !!!!

 Indices closed not only near high of the day BUT @ record high starting a new bull market, all this despite higher yield which IS suppose to be negative for technology .....

S&P 500 @ 4839.81, high 4842.07, low 4785.87

RSI @ 67.80

Internals were :

UP volume led by 2.53 to 1 in NYSE & 2.50 to 1 in Nasdaq

Advancing stocks led by 2.27 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new highs were leading by 201 in NYSE & lows by 31 in Nasdaq

VIX Down 5.87% @ 13.30

Oil @ $73.25

Gold @ $2029.30

Canadian $ @ .6570

Here is my portfolio weighting :

CNQ         53.77%

MU           31.15%

LSPD       11.81%

BTCC.TO 3.27%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Thursday, January 18, 2024

Indices closed UP .54% to 1.35%...NICE !!!

 Indices closed near high of the day with positive Internals.

S&P 500 @ 4780.94, high 4785.79, low 4740.57

RSI @ 61.40

Internals were :

UP volume led by 1.06 to 1 in NYSE & 1.28 to 1 in Nasdaq

Advancing stocks led by 1.34 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new highs were leading by 49 in NYSE & lows by 118 in Nasdaq

VIX Down 4.46% @ 14.13

Oil @ $74.08

Gold @ $2021.60

Canadian $ @ .6492

Portfolio MU CNQ LSPD BTCC.TO

BLOG does NOT give buy or sell.

Saleem

Wednesday, January 17, 2024

Indices closed down .25% to .73%....

 Indices closed down again on jitters on timing of interest rate cut as treasury yield moved higher again....

S&P 500 @ 4739.21, low 4714.82, high 4744.23

RSI @ 55.58

Internals were :

Down volume led by 5.45 to 1 in NYSE & 2.25 to 1 in Nasdaq

Declining stocks led by 3.57 to 1 in NYSE & 2.14 to 1 in Nasdaq

Net new lows were leading by 86 in NYSE & 184 in Nasdaq

VIX UP 6.86% @ 14.79

Oil @ $72.56

Gold @ $2006.50

Canadian $ @ .6472

Portfolio MU CNQ LSPD BTCC.TO

BLOG does NOT give buy or sell.

Saleem

Tuesday, January 16, 2024

Indices closed down .19% to 1.21%.....

 Indices pulled back but Russell 2000 took a big hit.

S&P 500 @ 4765.98, low 4747.12, high 4782.34

RSI @ 61.06

Internals were :

Down volume led by 5.13 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 3.82 to 1 in NYSE & 2.65 to 1 in Nasdaq

Net new lows were leading by 4 in NYSE & 118 in Nasdaq

VIX UP 4.45% @ 13.84

Oil @ $72.40

Gold @ $2030.20

Canadian $ @ .6523

In my portfolio :

Sold SNAP @ $15.56

Sold ABX.TO @ $22.13

Added to MU @ $84.76 & $84.33

Here is my portfolio weighting @ 80% exposure :

CNQ        54.40%

MU          30.17%

LSPD      12.03%

BTCC       3.40%

Except for leading stocks like NVDA, AMD & few others most portfolio took a hit in this selling.

BLOG does NOT give buy or sell.

Saleem

Sunday, January 14, 2024

US stock market study of popularity....

 US stock market has gone through a major personality change in 2024...

US stocks have become a " popularity contest "

Follow the most popular stocks on ticker & you should do more than OK

Here are latest RSI numbers on " best & greatest stocks mankind has known in last 9 trading days...

CRWD       78.29

NVDA        72.65

META        72.32

MSFT        69.26

SHOP        65.83

UBER        63.97

GOOG       63.63

AMD         62.13

AMZN       61.27

NFLX       60.55

As you can clearly see " popularity pays "

Overall Market based on S&P 500 has RSI of 65.03

Some of the above " extremely popular stocks are extremely vulnerable to a very fast pullback "

Making money is the name of the game, play this in safe zone, do not fight for last $$$$ leave it for someone else....

Rotation is an ongoing game .....

Out of favor becomes in favor in no time.....

YES first 9 days has been very good to select few.....but making / keeping money requires long term strategy ....as this game is minimum 320 trading days.....

SO lock gains in stretched stocks as they badly need digestive phase which can take weeks....

Most of the good news has been played out like cut in interest rates, inflation coming down.....

Go for undervalued with good business model....

Oil & Gold looks very good as nobody talks about it...a very reliable " contrary indicator "

Good luck with your own take on last 9 days & next 311+ trading days

BLOG does NOT give buy or sell.

Saleem

Friday, January 12, 2024

Indices closed mixed....

 Indices closed mixed on good inflation data.

S&P 500 @ 4783.83, high 4802.40, low 4768.98

RSI @ 65.03

Internals were :

Down volume led by 1.05 to 1 in NYSE & 1.23 to 1 in Nasdaq

Declining stocks led by .79 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new highs were leading by 214 in NYSE & 47 in Nasdaq

VIX UP 2.09% @ 12.70

Oil @ $72.68

Gold @ $2051.60

Canadian $ @ .6597

Here is my portfolio weighting :

CNQ         53.42%

ABX.TO   12.64%

LSPD       11.54%

SNAP      10.65%

MU           8.43%

BTCC.TO 3.32%

Next post by 6 PM on Sunday, although US is closed Monday for MLK holiday BUT rest of the world stock market is open including Toronto.

BLOG does NOT give buy or sell.

Saleem

Thursday, January 11, 2024

Indices closed mixed....

 Indices closed mixed with S&P 500 & Russell 2000 ending red while DOW keeps making new all time high.

S&P 500 @ 4780.24, low 4739.58, high 4798.50

RSI @ 64.60

Internals were :

Down volume led by 2.06 to 1 in NYSE & 1.76 to 1 in Nasdaq

Declining stocks led by 1.29 to 1 in NYSE & 1.75 to 1 in Nasdaq

Net new highs were leading by 121 in NYSE & lows by 29 in Nasdaq

VIX Down 1.97% @ 12.44

Oil @ $72.09

Gold @ $2019.20

Canadian $ @ .6556

In my portfolio:

Bought MU in pre market @ $82.51

Added 100% ABX.TO @ $22.98

Sold RIOT @ $13.15

Portfolio MU SNAP ABX.TO CNQ LSPD BTCC.TO

Today's hot inflation data caused mini reaction in premarket and another reaction when yield moved up BUT @ close it was a wash.

BLOG does NOT give buy or sell.

Saleem


Wednesday, January 10, 2024

Indices closed UP .45% to .75%...NICE !!!

 Indices closed up as mega tech stocks made new highs.

S&P 500 @ 4783.45, high 4790.80, low 4756.20

RSI @ 65.27

Internals were :

Down volume led by 1.06 to 1 in NYSE & 1.13 to 1 in Nasdaq

Declining stocks led by .74 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new highs were leading by 128 in NYSE & 8 in Nasdaq

VIX Down .55% @ 12.69

Oil @ $71.37

Gold @ $2027.80

Canadian $ @ .6615

Portfolio RIOT SNAP ABX CNQ LSPD BTCC

Internals were weak which may be a sign of market needs a breather. Bitcoin got approval for spot ETF based on unhacked feed.

BLOG does NOT give buy or sell.

Saleem

Tuesday, January 9, 2024

Indices closed mixed...

 Indices closed mixed with Nasdaq a mini green and a drop of 1% to small cap.

S&P 500 @ 4756.50, low 4730.35, high 4765.47

RSI @ 62.23

Internals were :

Down volume led by 3.04 to 1 in NYSE & 2.19 to 1 in Nasdaq

Declining stocks led by 2.06 to 1 in NYSE & 1.73 to 1 in Nasdaq

Net new highs were leading by 45 in NYSE & 3 in Nasdaq

VIX Down 2.45% @ 12.76

Oil @ $72.24

Gold @ $2033.00

Canadian $ @ .6610

In my portfolio :

All trades were in Toronto ...

Sold NVDA @ $49.75

Sold MSFT @ $27.76

Added a fair chunk LSPD @ $25.84

Portfolio  RIOT SNAP ABX.TO CNQ LSPD BTCC

Today's TAPE was very narrow in key select stocks, Internals were negative.

BLOG does NOT give buy or sell.

Saleem

Monday, January 8, 2024

Indices closed UP .58% to 2.20%...NICE !!!

 Indices closed @ high of the day on spirited buying for 2024 allocation.

S&P 500 @ 4763.54, high 4764.54, low 4699.82

RSI @ 63.58

Internals were :

UP volume led by 2.31 to 1 in NYSE & 1.73 to 1 in Nasdaq

Advancing stocks led by 3.00 to 1 in NYSE & 2.33 to 1 in Nasdaq

Net new highs were leading by 71 in NYSE & 9 in Nasdaq

VIX Down 2.02% @ 13.08

Oil @ $70.77

Gold @ $2033.50

Canadian $ @ .6633

In my portfolio :

Sold SHOP.TO @ $103.27

Added 20% CNQ.TO @ $86.83

Bought BTCC.TO @ $8.94

Portfolio RIOT SNAP ABX.TO CNQ MSFT NVDA LSPD BTCC.TO

Today's rally caught everyone by surprise BUT it was welcomed by all bulls for the intensity it brought. NVDA shot up to a new all time high & RIOT got the benefit of Cramer's curse & Crypto surge.

BLOG does NOT give buy or sell.

Saleem


Sunday, January 7, 2024

US stock market trend is changing....

 Based on recent stock trading pattern, US stock market is entering uncharted territory.

Gone are the days of predictability...

Many known stocks are struggling to keep pace with market trend.

Simplistic symbols related activities are gone

New sectors have greater hope of making money

Nasdaq no longer has that cache that " It IS the only place to be "

Here are current RSI :

XLF           68.01

DOW         67.49

XHB         56.83

S&P 500   55.07

GLD         53.48

XLE          52.33

IWM         51.34

NASDAQ 47.05

TAN         45.32 

Based on above RSI numbers TAN ( Solar ) is the weakest, Nasdaq is the 2nd weakest.

Who could have predicted XLF as strongest performer.

Biggest change in US market is changing RSI picture

All boats are not lifted....

Many famous boats are stuck in the mud and going nowhere fast....

Please pay attention to changing profile of US stock market.

Home work of FA & TA has deep meaning now than ever.

Good luck with your own deep analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem


Friday, January 5, 2024

Indices closed UP .07% to .18%...NICE !!!!

 Indices closed UP on the 4th day of trading barely. Russell 2000 closed red.

S&P 500 @ 4697.24, high 4721.49, low 4682.11

RSI @ 55.07

Internals were :

UP volume led by 1.78 to 1 in NYSE & .61 to 1 in Nasdaq

Advancing stocks led by 1.16 to 1 in NYSE & .76 to 1 in Nasdaq

Net new highs were leading by 64 in NYSE & lows by 37 in Nasdaq

VIX Down 5.52% @ 13.35

Oil @ $73.81

Gold @ $2049.80

Canadian $ @ .6663

Here is my portfolio weighting :

CNQ        44.99%

MSFT      12.33%

SHOP     11.83%

SNAP     10.55%

NVDA    10.21%

ABX.TO  5.87%

RIOT      2.49%

LSPD     1.73%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem


Thursday, January 4, 2024

Indices closed mixed....

 Indices closed @ low of the day. DOW managed to close green which gives me hope for Friday.

S&P 500 @ 4688.68, low 4687.53, high 4726.78

RSI @ 53.77

Internals were :

Down volume led by 1.15 to 1 in NYSE & 1.25 to 1 in Nasdaq

Declining stocks led by 1.20 to 1 in NYSE & 1.06 to 1 in Nasdaq

Net new highs were leading by 69 in NYSE & lows by 4 in Nasdaq

VIX UP .64% @ 14.13

Oil @ $72.19

Gold @ $2050.00

Canadian $ @ .6638

Portfolio RIOT SNAP ABX.TO CNQ MSFT NVDA LSPD SHOP

Lot of profit taking from 2023, hopefully it ended today.

BLOG does NOT give buy or sell.

Saleem

Wednesday, January 3, 2024

Indices closed down .76% to 2.66%....

 Indices were down again and Russell 2000 took the biggest hit.

S&P 500 @ 4704.81, low 4699.71, high 4729.29

RSI @ 56.63

Internals were :

Down volume led by 3.08 to 1 in NYSE & 3.55 to 1 in Nasdaq

Declining stocks led by 2.67 to 1 in NYSE & 2.76 to 1 in Nasdaq

Net new highs were leading by 42 in NYSE & lows by 17 in Nasdaq

VIX UP 6.36% @ 14.04

Oil @ 72.70

Gold @ $2042.80

Canadian $ @ .6638

Portfolio RIOT SNAP ABX CNQ MSFT NVDA LSPD SHOP 

Oil did well thus energy was the-best performing sector.

BLOG does NOT give buy or sell.

Saleem

Tuesday, January 2, 2024

Indices closed mixed....

 DOW spoiled the selling frenzy by closing green. Nasdaq was on selling spree BUT still closed above low of the day.

S&P 500 @ 4742.83, low 4722.67, high 4754.33

RSI @ 64.08

Internals were :

Down volume led by 1.09 to 1 in NYSE & 1.52 to 1 in Nasdaq

Declining stocks led by 1.41 to 1 in NYSE & 1.32 to 1 in Nasdaq

Net new highs were leading by 97 in NYSE & 43 in Nasdaq

VIX UP 6.02% @ 13.20

Oil @ $70.38

Gold @ $2073.40

Canadian $ @ .6684

In my portfolio :

Bought 

CNQ.TO @ $87.50

LSPD.TO @ $26.08

SHOP.TO @ $98.25

SNAP @ $15.98

Here is my portfolio weighting :

CNQ         44.56%

MSFT      12.57%

SHOP     11.84%

SNAP     10.39%

NVDA    10.12%

ABX.TO  6.06%

RIOT      2.61%

LSPD     1.85%

BLOG does NOT give buy or sell.

Saleem

Monday, January 1, 2024

US stock market in 2024.....

 2023 just ended with unbelievable performance by most Indices, Nasdaq was the superstar with 43.50% gain...

Did any of the wall street pundit predicted 2023 with any clarity....answer is NO NO NO....

All pundits were extremely incremental in their predictions....

Lot of verbage was wasted in articulating how bad this market will be....

YES...It was a tough market and sentiment was very negative which IS always a contrary indicator....thus an outperformance by most Index....

BUT going into 2024....everybody is a " roaring bull " 

Which has stopped me in my track.....still believes in " contrary Indicator theory "

My guess

1st half of 2024 will be challenging to get rid of " euphoria & exuberance "

1st half needs a well defined game plan.....

Swing trading @ best....

Daytrading more like It.....

Instead of sector focus which may be a trap....go for opportunistic trading where the money flow takes you....no favorite stock or sector needed...,..

Use RSI as your guide for a quick trade....

Too many stocks have been played out already....

Look for emerging stocks & sectors.....

How to spot those ideas....look for high volume stocks which are UP.....

Many famous stocks needs to digest gains, which means mostly sideways movement as there are too many backers of well known names....

Idea IS to make money, how to do it, you have to have a game plan....

Making money on wall street IS NEVER EASY

We have seen the-best of best FAIL BADLY...look @ Cathie Wood...how she failed to perform for 2 years in a row with great insight & still down big time from its high.....

Sometimes QQQ may be the easiest investment as It has outperformed big time again & again......

SO....do not waste time in chasing so called pundits....as the famous quote says all the time " THEY KNOW NOTHING.....

Good luck with your own version of trading or Investing....

BLOG does NOT give buy or sell.

Saleem