Indices closed near high of the day.
S&P 500 @ 5762.48, high 5765.14, low 5703.53
Internals :
UP volume led by 1.04 to 1 in NYSE & 1.22 to 1 in Nasdaq
Advancing stocks led by 1.06 to 1 in NYSE & .95 to 1 in Nasdaq
Net new highs were leading by 376 in NYSE & 48 in Nasdaq
VIX Down 1.36% @ 16.73
Oil @ $68.17
Gold @ $2649.20
Canadian $ @ .6492
Portfolio AG.TO LULU MSFT NVDA BTCC.B
SHOP CMG BTC AAPL SMCI
Indices staying in bullish mode.....
BLOG does NOT give buy or sell.
Saleem
US stock market has entered a " sustained bull market "
Whenever US stock market is making " series of new all time highs "....there is not much to wonder about definition of this market...." bull market behaves like a bull market "
Stock market gives you clear definition, how to position in today's market....
Serious money is being made in current bull market with a bullish exposure...
Conviction & patience is the key to making money...
It is wise to pick stocks with good Sales & EPS growth with current business model.
Many stocks have " doubled " in last 12 months....
In a bull market, stocks keep going UP for several years ....history is full of these examples of quadrupling in many " bull markets "
Going with the flow pays big time...
Bull market is " expanding " rotation is in full force "
Good luck with your own view of current market.
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed after making new all time highs in DOW & S&P 500.
S&P 500 @ 5738.17, low 5727.34, high 5763.78
Internals :
UP volume led by 2.24 to 1 in NYSE & 1.98 to 1 in Nasdaq
Advancing stocks led by 1.82 to 1 in NYSE & 1.47 to 1 in Nasdaq
Net new highs were leading by 574 in NYSE & 144 in Nasdaq
VIX UP 10.34% @ 16.96
Oil @ $68.18
Gold @ $2673.20
Canadian $ @ .6492
Here is my weighting :
CMG 19.25%
NVDA 19.25%
SHOP 19.20%
MSFT 9.37%
LULU 7.56%
AAPL 6.67%
BTCC.B 6.55%
AG.TO 3.90%
SMCI 3.69%
BTC 2.20%
Next post by 6 PM on Sunday
BLOG does NOT give buy or sell.
Saleem
Indices closed @ new record high in S&P 500.
S&P 500 @ 5745.37, high 5767.37, low 5721.01
Internals :
UP volume led by 2.09 to 1 in NYSE & 2.68 to 1 in Nasdaq
Advancing stocks led by 1.94 to 1 in NYSE & 1.89 to 1 in Nasdaq
Net new highs were leading by 555 in NYSE & 156 in Nasdaq
VIX Down .26% @ 15.37
Oil @ $67.67
Gold @ $2694.20
Canadian $ @ .6530
In my portfolio ...bought AG.TO @ $8.88
Portfolio AG LULU MSFT NVDA BTCC.B SHOP
CMG BTC AAPL SMCI
Steady buying continues in equities on better than expected economic news / stimulus worldwide...Swiss lowering their rate to 1% and China came back with another stimulus...
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed after setting new all time high....
S&P 500 @ 5722.26, low 5712.06, high 5741.03
Internals :
Down volume led by 2.80 to 1 in NYSE & 1.28 to 1 in Nasdaq
Declining stocks led by 2.40 to 1 in NYSE & 2.18 to 1 in Nasdaq
Net new highs were leading by 331 in NYSE & 47 in Nasdaq
VIX UP .13% @ 15.41
Oil @ $69.69
Gold @ $2677.30
Canadian $ @ .6530
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
MU earnings was above expectations in AH.....
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day.
S&P 500 @ 5732.93, high 5735.32, low 5698.99
Internals :
UP volume led by 1.55 to 1 in NYSE & 2.66 to 1 in Nasdaq
Advancing stocks led by 1.93 to 1 in NYSE & 1.29 to 1 in Nasdaq
Net new highs were leading by 593 in NYSE & 158 in Nasdaq
VIX Down 3.15% @ 15.39
Oil @ $71.56
Gold @ $2680.00
Canadian $ @ .6527
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Nasdaq was strongest with NVDA among better performer...all good thing !
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day.
S&P 500 @ 5718.57, high 5725.36, low 5704.22
Internals :
UP volume led by 1.54 to 1 in NYSE & 1.49 to 1 in Nasdaq
Advancing stocks led by 1.48 to 1 in NYSE & .73 to 1 in Nasdaq
Net new highs were leading by 469 in NYSE & 66 in Nasdaq
VIX Down 1.61% @ 15.89
Oil @ $70.37
Gold @ $2651.75
Canadian $ @ .6494
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Indices keeping their gains...which IS a good thing !!!
BLOG does NOT give buy or sell.
Saleem
US stock market has performed well in 2024 based on AI theme.....
Many AI based stocks have performed better than market averages....
Looking ahead to October & beyond to 2025.....a different approach may do better
YES some AI based stocks will continue to do well in 2025....BUT US stock market will broaden out to many new themes....
Silver , Crypto and many small caps may outperform in 2025.....
Thus It IS important to have exposure in many new themes as stated above.
A well diversified portfolio has better chance to beat market averages in 2025
Wall street goes through many changes based on interest rate coming down which US has FINALLY decided to lower 50 basis....that IS a game changer....
Strong technology stocks should be part of diversified portfolio.....
Going forward, conviction and patience will reward you well.
Good luck with your own homework & due diligence.
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed after a huge UP day.
S&P 500 @ 5702.55, low 5674.49, high 5715.14
Internals :
Down volume led by 1.44 to 1 in NYSE & 1.13 to 1 in Nasdaq
Declining stocks led by 1.66 to 1 in NYSE & 1.87 to 1 in Nasdaq
Net new highs were leading by 394 in NYSE & 62 in Nasdaq
VIX Down 1.10% @ 16.15
Oil @ $71.73
Gold @ $2644.60
Canadian $ @ .6431
Here is my weighting :
CMG 22.79%
SHOP 20.15%
NVDA 19.43%
MSFT 10.05%
LULU 7.47%
AAPL 7.02%
BTCC.B 6.61%
SMCI 4.24%
BTC 2.24%
Next post by 6 PM on Sunday...
BLOG does NOT give buy or sell.
Saleem
Indices closed strong with new all time highs in S&P 500 & DOW....
S&P 500 @ 5713.64, high 5733.57, low 5686.42
Internals :
UP volume led by 2.78 to 1 in NYSE & 2.82 to 1 in Nasdaq
Advancing stocks led by 3.83 to 1 in NYSE & 2.92 to 1 in Nasdaq
Net new highs were leading by 795 in NYSE & 283 in Nasdaq
VIX Down 10.42% @ 16.33
Oil @ $71.95
Gold @ $2600.60
Canadian $ @ .6435
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Nasdaq is all set to make new all time highs......
BLOG does NOT give buy or sell.
Saleem
Indices closed near low of the day in a reversal from new highs.
S&P 500 @ 5618.26, low 5615.08, high 5689.75
Internals :
Down volume led by 1.21 to 1 in NYSE & 1.07 to 1 in Nasdaq
Declining stocks led by 1.14 to 1 in NYSE & 1.36 to 1 in Nasdaq
Net new highs were leading by 668 in NYSE & 253 in Nasdaq
VIX UP 3.52% @ 18.23
Oil @ $70.91
Gold @ $2598.60
Canadian $ @ .6389
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Fed as expected lowered interest rate by 50 basis as Fed Chief was very confident about US economy.
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed.
S&P 500 @ 5634.58, high 5670.81, low 5614.05
Internals :
UP volume led by 1.53 to 1 in NYSE & 1.71 to 1 in Nasdaq
Advancing stocks led by 1.54 to 1 in NYSE & 1.25 to 1 in Nasdaq
Net new highs were leading by 668 in NYSE & 232 in Nasdaq
VIX UP 2.74% @ 17.61
Oil @ $71.19
Gold @ $2592.40
Canadian $ @ .6398
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Its all about Fed policy statement for changes in wording plus Q&A...expecting 50 basis decrease.
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed while DOW made a new all time high.
S&P 500 @ 5633.09, high 5636.05, low 5604.53
Internals :
UP volume led by 2.81 to 1 in NYSE & 1.19 to 1 in Nasdaq
Advancing stocks led by 2.74 to 1 in NYSE & 1.17 to 1 in Nasdaq
Net new highs were leading by 773 in NYSE & 217 in Nasdaq
VIX UP 3.50% @ 17.14
Oil @ $70.09
Gold @ $2607.80
Canadian $ @ .6398
Portfolio LULU MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Its wait & see for 25 vs 50 basis cut...till Wed 2 PM...
BLOG does NOT give buy or sell.
Saleem
US stock market has gone through " another recession scare "
US stock market gone through another " September swoon "
When most Indices went below 50 DMA in early September, technicians positioned themselves for a test of 200 DMA.....
BUT like many strategy & predictions, 200 DMA did not happen....
Then a " frenzy to cover downside strategy happened "
Low & behold in no time we are ABOVE 50 DMA everywhere including small caps....
THUS...It IS highly recommended NOT to believe in ones own thesis ever....always think...WHAT IF IT DIDN'T happen.....then we are NEVER exposed to unilateral strategy...BULL OR BEAR...a diversified strategy works well in " DOOM & EUPHORIA "
SO we are back in " bullish momentum " Fed will put more " fuel on bullish fire on Wednesday "
Fed always late to any party & overreacts.....this time It will be no different.....
SO regroup & join the bullish momo....
Good luck with your own thesis & comfort level.
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day.
S&P 500 @ 5626.02, high 5636.27, low 5601.65
Internals :
UP volume led by 5.53 to 1 in NYSE & 2.37 to 1 in Nasdaq
Advancing stocks led by 5.54 to 1 in NYSE & 3.13 to 1 in Nasdaq
Net new highs were leading by 626 in NYSE & 191 in Nasdaq
VIX Down 2.99% @ 16.56
Oil @ $68.75
Gold @ $2610.30
Canadian $ @ .5415
In my portfolio...Bought LULU.NE @ $12.03
Here is my weighting :
CMG 22.86%
NVDA 20.33%
SHOP 18.97%
MSFT 10.14%
LULU 7.76%
BTCC.B 7.04%
AAPL 7.00%
SMCI 4.33%
BTC 1.57%
Next post on Sunday by 6 PM
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day again...Russell 2000 was the-best % gainer.
S&P 500 @ 5595.76, high 5600.71, low 5535.50
Internals :
UP volume led by 2.62 to 1 in NYSE & 1.86 to 1 in Nasdaq
Advancing stocks led by 3.45 to 1 in NYSE & 1.69 to 1 in Nasdaq
Net new highs were leading by 359 in NYSE & 50 in Nasdaq
VIX Down 3.50% @ 17.07
Oil @ $68.97
Gold @ $2542.40
Canadian $ @ .6402
Portfolio MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Indices are above key level with solid internals.
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day, Technology was the strongest sector.
S&P 500 @ 5554.13, high 5560.41, low 5406.96
Internals :
UP volume led by 1.36 to 1 in NYSE & 2.53 to 1 in Nasdaq
Advancing stocks led by 1.40 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new highs were leading by 212 in NYSE & 0 in Nasdaq
VIX Down 7.29% @ 17.69
Oil @ $67.31
Gold @ $2542.40
Canadian $ @ .6400
Portfolio MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed with DOW in RED....
S&P 500 @ 5495.52, high 5497.91, low 5441.72
Internals :
UP volume led by .70 to 1 in NYSE & 1.49 to 1 in Nasdaq
Advancing stocks led by 1.15 to 1 in NYSE & 1.06 to 1 in Nasdaq
Net new highs were leading by 231 in NYSE & lows by 37 in Nasdaq
VIX Sown 1.90% @ 19.08
Oil @ $65.74
Gold @ $2542.30
Canadian $ @ .6389
Portfolio MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
It IS all about 2 inflation reports which will either conform or deny this direction of TAPE which IS currently MIXED @ best.
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day.
S&P 500 @ 5471.05, 5484.20, low 5434.49
Internals :
UP volume led by 2.30 to 1 in NYSE & 2.15 to 1 in Nasdaq
Advancing stocks led by 2.15 to 1 in NYSE & 1.58 to 1 in Nasdaq
Net new highs were leading by 147 in NYSE & lows by 100 in Nasdaq
VIX Down 13.09% @ 19.45
Oil @ $68.41
Gold @ $2832.70
Canadian $ @ .6435
Portfolio MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Indices staged a deeply oversold bounce.
BLOG does NOT give buy or sell.
Saleem
US stock market has done an 180 degree turn and is gripped in extreme fear.
Even the economic data was pointing to a slower growth but was taken as recession is coming...
Every so often, markets logic makes no sense BUT indices keep going in one direction only....down down..
When this " extreme negativity " will change is hard to predict....
When " momentum goes negative " It IS equally painful...
We just have to ride this out....
Conviction in your portfolio and stocks have to be high....
This negativity also gives you a chance to look @ your portfolio to weed out " relative weak performer "
Until October, market may be challenging as " euphoria is being replaced by extreme fear "
Have very high comfort level with your portfolio, as this will pass also..
Good luck with your own analysis....
BLOG does NOT give buy or sell.
Saleem
Indices closed near low of the day as selling continues.
S&P 500 @ 5408.42, low 5402.62, high 5522.47
Internals :
Down volume led by 3.79 to 1 in NYSE & 2.70 to 1 in Nasdaq
Declining stocks led by 3.08 to 1 in NYSE & 3.22 to 1 in Nasdaq
Net new highs were leading by113 in NYSE & lows by 118 in Nasdaq
VIX UP 12.46% @ 22.38
Oil @ $71.06
Gold @ $2525.50
Canadian $ @ .6435
Here is my weighting :
CMG 25.77%
NVDA 20.76%
SHOP 20.67%
MSFT 11.19%
AAPL 8.21%
BTCC.B 7.42%
SMCI 4.33%
BTC 1.65%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell
Saleem
Indices closed mixed as wait & see continues for jobs report...
S&P 500 @ 5503.41, low 5480.54, high 5546.30
RSI @ 48.08
Internals were :
Down volume led by 1.61 to 1 in NYSE & .81 to 1 in Nasdaq
Declining stocks led by 1.23 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new highs were leading by 256 in NYSE & lows by 19 in Nasdaq
VIX Down 6.66% @ 19.90
Oil @ $69.15
Gold @ $2545.60
Canadian $ @ .6481
Portfolio MSFT NVDA BTCC.B SHOP SMG BTC AAPL SMCI
Its all about jobs report....market is ready to rally as It IS oversold....
BLOG does NOT give buy or sell.
Saleem
Indices closed mixed and above low of the day despite prevailing negativity.
S&P 500 @ 5520.07, low 5503.66, high 5552.99
RSI @ 49.48
Internals :
Down volume led by 1.26 to 1 in NYSE & .93 to 1 in Nasdaq
Declining stocks led by .99 to 1 in NYSE & 1.22 to 1 in Nasdaq
Net new highs were leading by 258 in NYSE & lows by 83 in Nasdaq
VIX UP 2.90% @ 21.32
Oil @ $69.20
Gold @ $2524.40
Canadian $ @ .6477
Portfolio MSFT NVDA BTCC.B SHOP CMG BTC AAPL SMCI
Its all about economic data till Friday's job report.
BLOG does NOT give buy or sell.
Saleem
Indices saw a " major sell sell today "
S&P 500 @ 5528.93, low 5504.33, high 5623.89
RSI @ 50.21
Internals :
Down volume led by 3.24 to 1 in NYSE & 1.96 to 1 in Nasdaq
Declining stocks led by 2.52 to 1 in NYSE & 3.50 to 1 in Nasdaq
Net new highs were leading by 214 in NYSE & lows by 69 in Nasdaq
VIX UP 33.25% @ 20.72
Oil @ $70.34
Gold @ $2520.40
Canadian $ @ .6450
In my portfolio bought SHOP.TO @ $96.25
CMG, SHOP, NVDA, MSFT, AAPL SMCI, BTCC-B, BTC...
In terms of weighting CMG is highest , SHOP is number 2, NVDA number 3...
Today was very interesting where Tech was trashed along with Russell 2000....
BLOG does NOT give buy or sell
Saleem
US stock market has showed remarkable resiliency when mother of all earnings report did not excite wall street...
YES...NVDA earnings were " dubbed lackluster "
Wall street went on to close the week in an upbeat mode...
All indices are getting all set to keep making new all time highs
Playing Investment thesis is getting harder as broad based stock participation is taking hold
New sectors are showing more strength than famous 7 or 8 stocks,
Going forward trend of overall market may be stronger as displayed by DOW & S&P 500 than Nasdaq
Nasdaq ruled for many years and it deserves to rest until it digest its gains
New 52 week high list is a good place to see new strong stocks or new sectors...
Wall street keeps changing its focus to new and best ideas, always a good idea to monitor what IS working....
2024 has been good for many traders but to end 2024 on high note needs new ideas
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem