Indices closed UP .49% to 1.02%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3828.11, high 3850.40, low 3786.28

RSI @ 53.70

CMF @ -0.029

Internals were :

UP volume led by 1.79 to 1 in NYSE & 1.21 to 1 in Nasdaq

Advancing stocks led by 1.91 to 1 in NYSE & 1.08 to 1 in Nasdaq

Net new lows were leading by 31 in NYSE & 188 in Nasdaq

VIX UP 4.89% @ 25.54

Oil @ $88.91

Gold @ $1716.00

Canadian $ @ .6606

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included PLTR MGM

JD PDD NCLH RCL CCL SHOP SNAP RUN 

CSIQ SEDG ENPH SPWR AMAT NTR MOS

PYPL MU LULU AG PAAS CCJ TECK CRM

X TSM ROKU QCOM FCX CLF DASH

AMD IBM DKNG GOLD NEM AEM

PANW NXPI ZI CRWD ESTC BA

ASML NVDA LRCX SPLK JWN....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed near high of the day, Internals were positive. US elections gave optimism for positive close 3 days in a row. Technology stocks & Solar stocks did well, Semiconductors have been outperforming lately.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .96% to 1.31%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3806.80, high 3813.85, low 3764.70

RSI @ 52.19

CMF @ -0.057

Internals were :

UP volume led by 1.69 to 1 in NYSE & 1.38 to 1 in Nasdaq

Advancing stocks led by 1.83 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new lows were leading by 85 in NYSE & 171 in Nasdaq

VIX Down .81% @ 24.35

Oil @ $91.79

Gold @ $1680.50

Canadian $ @ .6497

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 1% or more included MGM

MRVL CNX APA CVX OXY SLB SNAP AMAT

TJX PYPL CCJ GE SQ CRM X BYD ROKU

WYNN LVS PENN DKNG QCOM CLF AI 

DASH AMD IBM MSFT NXPI DOCU

MTCH ZM MRNA BA META LRCX

SPLK GOOG JWN RH MA V....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed UP near high of the day. Internals were positive. Technology stocks were strong. After close earnings were mostly downbeat. Even yields were UP and Technology stocks defied common wisdom. Inflation number will take center stage to set the tone of this market going forward.

BLOG does NOT give buy or sell.

Saleem

US stock market of 2021-2022.....

 US stock market has been testing patience, strategy, expertise & financial well being of many traders / Investors alike.

It has been a constant relearn process with no end in sight....

March 2019 world was made aware of COVID-19

WHO was slow to react along with entire world.

CHINA was the first nation to react / act on this menace.

CHINA was not taken seriously @ first and it was dubbed " overreaction "

Majority of world ignored the seriousness or financial impact of this new challenge

Some are still in a state of disbelief / denial after almost 4 years...

Personal belief set aside, COVID-19 has altered entire world & its population in more than one way...

Some faced death worldwide 6.6 million....

Some escaped death after suffering traumatic "corona attack " 632 million

These are documented numbers.....

We all are aware of new terminology " Lockdown / shutdown " now very well

CHINA is still shutting down many cities periodically....

With shutdown / lockdown brought many challenges to personal life of entire world

Economic impact has not been documented yet as we are still trying to recover from this ongoing changing variations...

Except for world war 1 & 2 ...I do not recall any event which comes close to COVID-19 issues

Many chose to retire from 9 to 5 grind

Many corporations sought assistance from many governments

Many Industries were shutdown

Many Corporations balance sheets became challenging

Inflation roared UP due to shortages

A war started.....

Central Banks were forced to to tighten money supply and raise interest rates furiously.....

This is where we are today.....

I am surprised that Stock market worldwide is not " way lower " considering all of the above challenges for almost 4 years and counting.....

Interest rate shocker is the last thing this world needed.....in my humble opinion....now we are playing with " fire "

Impact of 7% Mortgage rate in USA is going to take its toll when everyone was trying to take 5th vaccine plus high dose of Flu shot.....

Irrationality of high interest rates is going to weaken many portfolio & net worth further....

No wonder Stock markets worldwide are so jittery.....news driven day to day....

Based on everything which I have gathered nothing will change in a meaningful manner until Fed reverses its "hawkist stance "

SO...we all wait & suffer more and more.....

Good luck with your own take about current scenario.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.26% to 1.36%...NICE !!!!

 Indices closed UP despite hotter than expected jobs data. Semiconductor & Equipment maker were strong. Most sectors participated except ARKK.

S&P 500 @ 3770.55, high 3796.34, low 3708.84

RSI @ 49.81

CMF @ -0.100

Internals were :

UP volume led by 3.21 to 1 in NYSE & 1.37 to 1 in Nasdaq

Advancing stocks led by 2.56 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new lows were leading by 182 in NYSE & 255 in Nasdaq

VIX Down 2.96% @ 24.55

Oil @ $92.61

Gold @ $1676.60

Canadian $ @ .6466

Stocks which were UP 2% or more LSPD MGM SOL UAL XPEV

JD PDD RIOT COIN MRVL AMAT QCOM QRVO SWKS

LRCX MU APA SLB NIO AG GE TECK SQ X BYD WYNN 

LVS MSTR DASH BIDU AMD INTC GOLD MSFT NXPI 

PENN NEM AEM TOL KBH DAL EAT MRNA TER

NKE BA NVDA BABA LAC RH MA....

Here is my portfolio weighting :

ARKK       27.88%

UAL         21.69%

MGM       21.05%

LSPD        9.32%

PLTR        8.97%

SOFI        6.44%

SOL         3.77%

XPEV       .88%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed down .46% to 1.73%....

 Indices closed down.

S&P 500 @ 3719.89, low 3698.15, high 3750.59

RSI @ 45.81

CMF @ -0.151

Internals were :

Down volume led by 1.21 to 1 in NYSE & 1.51 to 1 in Nasdaq

Declining stocks led by 1.75 to 1 in NYSE & 1.50 to 1 in Nasdaq

Net new lows were leading by 300 in NYSE & 298 in Nasdaq

VIX Down 2.17% @ 25.30

Oil @ $88.17

Gold @ $1630.90

Canadian $ @ .6268

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 1% or more included SOL SOFI XPEV

JD PDD JKS RUN CSIQ FSLR SPWR ENPH SEDG NCLH

RCL APA SU CVX OXY SLB NIO LAC DASH AMD 

SNOW ELF BA NVDA ULTA.....

AH Futures Mixed

AH Asian Markets Down

AH Oil Down

AH Gold UP

About market, TAPE closed lower again, yield went UP to highest level in decades. Jobs data may bring relief to a very tense market. As we are oversold, we may see green by close. Internals were negative, Solar stocks did well thanks to RUN earnings report. 

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.55% to 3.36%....

Indices closed down.

S&P 500 @ 3759.69, low 3758.68, high 3894.44

RSI @ 48.48

CMF @ -0.180

Internals were :

Down volume led by 7.99 to 1 in NYSE & 4.25 to 1 in Nasdaq

Declining stocks led by 3.38 to 1 in NYSE & 2.81 to 1 in Nasdaq

Net new lows were leading by 121 in NYSE & 132 in Nasdaq

VIX UP .19% @ 25.86

Oil @ $90.00

Gold @ $1650.00

Canadian $ @ .6367

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included XPEV

JD CNX FSLR LI MTCH BA MS.....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE was on a wild ride after 2 PM Fed statement & Q&A session. Fed raised interest rate by expected 75 basis with a statement change which brought buying push, @ Q & A Fed Chief clarified the change in fed statement which brought instant selling and closed @ low of the day.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .24% to .89%.....

 Indices closed down.

S&P 500 @ 3856.10, low 3843.80, high 3911.70

RSI @ 55.78

CMF @ -0.105

Internals were :

UP volume led by 1.94 to 1 in NYSE & 1.00 to 1 in Nasdaq

Advancing stocks led by 1.56 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new lows were leading by 19 in NYSE & 20 in Nasdaq

VIX Down .27% @ 25.81

Oil @ $88.37

Gold @ $1649.70

Canadian $ @ .6359

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 1% or more included MGM SOFI

JD JKS SHOP SNAP FSLR MU TECK X BYD

ROKU WYNN PAAS DCX CLF DASH PFE

BIDU DKNG LYFT NXPI TOL MTCH 

NTAP UBER MRNA META LVS AEM

BABA AMAT LNG MA MS LRCX...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was UP @ open but closed down on upbeat jobs data. Fed is all set to hike 75 basis @ 2 PM but language / interpretation may change for future in Q & A. Wednesday should be a positive close after down 2 days.

BLOG does NOT give buy or sell.

Saleem