Indices closed down .12% to 1.54%....

 Indices closed down.

S&P 500 @ 3958.79, low 3954.34, high 3983.09

RSI @ 58.41

CMF @ -0.031

Internals were :

Down volume led by 4.11 to 1 in NYSE & 2.85 to 1 in Nasdaq

Declining stocks led by 1.96 to 1 in NYSE & 2.23 to 1 in Nasdaq

Net new highs were leading by 2 in NYSE & lows by 100 in Nasdaq

VIX Down 1.75% @ 24.11

Oil @ $86.59

Gold @ $1775.80

Canadian $ @ .6654

In my portfolio added 50% ARKK @ $38.30

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included

SPWR ENPH SEDG

TJX ELF BROS

IBM MSFT GOOG

ORCL PHM MCD

CMG LNG ....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed lower. Technology was the weakest. Internals were negative. Market is marking time before it moves higher despite Fed speak of no change in hawkish tone. Keep accumulating on good ideas.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .17% to 1.45%...NICE !!!

 Indices closed UP.

S&P 500 @ 3991.73, high 4028.84, low 3953.17

RSI @ 61.02

CMF @ -0.065

Internals were :

UP volume led by 2.99 to 1 in NYSE & 2.72 to 1 in Nasdaq

Advancing stocks led by 3.25 to 1 in NYSE & 2.01 to 1 in Nasdaq

Net new highs were leading by 37 in NYSE & lows by 17 in Nasdaq

VIX UP 3.41% @ 24.54

Oil @ $86.92

Gold @ $1776.80

Canadian $ .6714

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 2% or more included ARKK PLTR SOL XPEV

JD PDD JKS RUN FSLR SPWR SHOP MRVL APA SNAP AFRM

TJX SQ COIN M TSM BMBL RCL QCOM QRVO MGNI MSTR

PINS AMD DKNG SNOW NXPI GOOS DOCU MTCH ZM

CRWD ESTC UBER DDOG MRNA DHI BABA NDLX

RH ULTA....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE got a boost from better than expected PPI report plus US$ was lower. Indices closed UP despite an isolated incident in Poland territory. Internals were positive, Solar stocks along with Semiconductor stocks got a huge boost from TSM stake by Buffett team.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .63% to 1.12%....

 Indices closed down.

S&P 500 @ 3957.25, low 3956.40, high 4008.97

RSI @ 59.25

CMF @ -0.011

Internals were :

Down volume led by 2.51 to 1 in NYSE & 1.71 to 1 in Nasdaq

Declining stocks led by 2.23 to 1 in NYSE & 1.61 to 1 in Nasdaq

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

VIX UP 5.37% @ 23.73

Oil @ $85.87

Gold @ $1776.90

Canadian $ @ .6700

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included MGM XPEV

JD FSLR ENPH AG X CLF CRM BIDU

PFE LYFT PENN EAT ELF MRNA 

META NFLX LNG SLI ORCL

MCD V....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed @ low of the day on strength of US$ and rising COVID-19 in China. Inflation will be in focus again IF hotter then a reaction BUT may not last by close, may give buying opportunity again. Solar & Gaming stocks performed better.

BLOG does NOT give buy or sell.

Saleem

Strength of US stock market.....

 US stock market came roaring back on slightly better than expected CPI....

YES...US stock market was oversold, was looking for an excuse to bounce

BUT more significant could be development in Russia Ukraine war

Also China is relaxing zero tolerance for COVID-19 cases

SO...we have TRIFECTA of most positive news in a minimum 1 year timespan

Celebration by market for 2 days is more than justified

NOW..I am looking @ internals of this market which is highlighting again, what is working and what IS lagging....

Here is the current read of RSI :

JETS        70.59

XLF         68.68

DOW       68.03

SOX        67.64

XLE        64.95

TAN        63.10

IWM       62.17

S&P 500 61.96

Nasdaq   58.41

Very very interesting read on the state of this TAPE, never ever thought that I will live to see that after 2 strong days of rally, Nasdaq will be the showing relative weakness and weakest in my universe, not only that world famous S&P 500 from which everything is compare or measured with or against for relative performance will be second from bottom.

How the investing world has changed needs to be noticed and noted down....

BUT Wall Street has many yard stick to be measured against / with, our world famous 50 DMA & 200 DMA, there again an interesting set of strength can be seen.....

Strongest is XLE energy stocks

Weakest is Nasdaq, SOX, JETS

Next set of strength lies in DOW, Russell 2000, TAN & XLF

Message of the market still IS.....Nasdaq has passed its prime and showing in weakest performers list TWICE in key measures....

BUT DOG of current market NASDAQ may surprise everyone in next 12 months......proves market is NOT an exact science....

SO...when you look @ your portfolio, please factor some of the current strength & weakness.

Market has slumped for over 2 years for technology stocks and almost 2 years for all other sectors....

TIME to be HOPEFUL AGAIN for next 12 months.....

TIME WILL TELL....

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .10% to 1.88%...NICE !!!

 Indices closed near high of the day. Nasdaq took off day 2 despite bankruptcy in a Crypto trading firm which prompted further digging deep by Federal agencies.

S&P 500 @ 3992.93, high 4001.48, low 3944.82

RSI @ 61.96

CMF @ 0.058

Internals were :

UP volume led by 2.91 to 1 in NYSE & 3.93 to 1 in Nasdaq

Advancing stocks led 2.22 to 1 in NYSE & 1.94 to 1 in Nasdaq

Net new highs were leading by 50 in NYSE & lows by 39 in Nasdaq

VIX Down 4.46% @ 22.48

Oil @ $88.96

Gold @ $1769.40

Canadian $ @ .6635

Stocks which were UP 8% or more included

ARKK LSPD PLTR SOFI XPEV

SHOP NIO AFRM HOOD X

ROKU BMBL CLF DKNG

SNOW LYFT GOOS DOCU

NVAX TWLO WYNN

Here is my portfolio weighting :

ARKK         28.94%

MGM         20.62%

UAL          20.59%

LSPD        9.97%

PLTR        8.61%

SOFI        6.70%

SOL         3.70%

XPEV       .87%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 3.70% to 7.35%...NICE !!!

 Indices closed UP.

S&P 500 @ 3956.37, high 3958.33, low 3859.89

RSI @ 60.23

CMF @ -0.025

Internals were :

UP volume led by 9.17 to 1 in NYSE & 10.36 to 1 in Nasdaq

Advancing stocks led by 8.27 to 1 in NYSE & 4.12 to 1 in Nasdaq

Net new highs were leading by 23 in NYSE & lows by 69 in Nasdaq

VIX Down 9.81% @ 23.53

Oil @ $86.47

Gold @ $1753.70

Canadian $ @ .6635

Portfolio  ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 7% or more included ARKK LSPD PLTR SOFI

JD PDD JKS SEDG SPWR RUN SHOP RIOT MRVL HST SNAP

AMAT AFRM SQ PYPL LULU COIN AAPL ROKU MGNI DASH 

BIDU AMD DKNG SNOW DOCU ZI ZM TOL MTCH CRWD

ESTC NVAX META LRCX AMZN SPLK RH BROS M...

AH Futures Mixed

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE was in overdrive & northbound on better than expected CPI, yield tumbled & US $ nosedived. Most sectors were UP sharply, Internals were Strong & Volume was heavy. All in all a great day to be a bull.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.95% to 2.48%....

 Indices closed down.

S&P 500 @ 3748.57, low 3744.22, high 3818.20

RSI @ 47.67

CMF @ -0.034

Internals were :

Down volume led by 9.66 to 1 in NYSE & 4.79 to 1 in Nasdaq

Declining stocks led by 4.14 to 1 in NYSE & 3.21 to 1 in Nasdaq

Net new lows were leading by 187 in NYSE & 428 in Nasdaq

VIX UP 2.15% @ 26.09

Oil @ $85.93

Gold @ $1713.70

Canadian $ @ .6543

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included UAL

FSLR SPWR CSIQ ENPH DHI META

DDD....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure and closed near lows of the day, Internals were sharply negative. Only Solar stocks were mostly green @ close. Reasons given were not as expected results from mid term plus Crypto collapse near 2 year low. Tomorrow its all about CPI inflation and is expected to be hotter than consensus.

BLOG does NOT give buy or sell.

Saleem