Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4109.11, high 4109.50, low 4072.55

RSI @ 61.14

CMF @ 0.333

Internals were :

UP volume led by 2.33 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 1.63 to 1 in NYSE & 1.39 to 1 in Nasdaq

Net new highs were leading by 2 in NYSE & lows by 117 in Nasdaq

VIX UP 3.10% @ 18.97

Oil @ $79.74

Gold @ $2003.80

Canadian $ @ .6461

Portfolio ARKK LSPD SHOP SQ

Stocks which closed UP 1% or more included

AI COIN TTD MRVL JKS TPR UAL NCLH 

RIOT CNX APA OXY AMAT NTR MOS 

FSLR SPWR AFRM MGA MU X BYD JBLU 

RCL QCOM SCHW CLF MSTR DASH 

AMD SNOW CSIQ LYFT CIEN ENPH 

LITE ELF TER NKE LRCX JWN RH

BROS ULTA.....

AH futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE slumped @ open BUT fought its way bavk to green, Nasdaq missed by 3 points, this was very impressive to have a strong close. Internals were positive. SOX was the star of the day with Samsung cut in production of memory chips. Tuesday should be a good day for bulls.

BLOG does NOT give buy or sell.

Saleem

US stock market remains best idea going forward....

 US stock market remains a great place to be going forward.

Reasons are many BUT most important IS that we have pulled back from highs lately.

Mini froth has come out and we are all set for a long term gains going into 2024

2024 could be a huge year for many Industries including technologies...

2024 should be a boom year for Travel & Tourism

2024 Banking & financials should be all set to grow their business.

2023 should end with select Industries benefitting from resurgence of GDP growth in Q3 & Q4

Many Industries are working out demand Issues, Inventory Issues which should be all set for Q4 huge demand

Q2 earnings reports may lackluster BUT should pick up in Q3...

Currently only Gold RSI @ 63.24 looks bullish while all others are looking attractive in 50 RSI range.

Weakest sectors are IWM @ 43.10 & XLF @ 43.46

SOX has pulled back drastically @ 49.24, maybe ready for resurgence.

US stock market requires strategy, conviction and patience

Making money IS a long term game, being short sighted backfires badly

S&P 500 looks healthy @ 60.74 which could be a safe & conservative approach going forward

ETF has been known to be a better strategy with bulk of your Investing / trading allocation.

Try some of your high conviction stocks as your Individual picks...

Try to stay away from quick tips from TV pundits....

Investing IS a long term strategy....

Good luck with your own take on Markets & picks.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .01% to .76%...NICE !!!

 Indices closed near high of the day. Wait is on for Friday's job report on a holiday Good Friday. Canada's jobs report came in well above forecast raising fear of ongoing inflation.

S&P 500 4105.02, high 4107.32, low 4069.84

RSI @ 60.74

CMF @ 0.256

Internals were :

UP volume led by 1.34 to 1 in NYSE &  1.65 to 1 in Nasdaq

Advancing stocks led by 1.28 to 1 in NYSE & 1.33 to 1 in Nasdaq

Net new highs were leading by 3 in NYSE & lows by 115 in Nasdaq

VIX Down 3.56% @ 18.40

Oil @ $80.70

Gold @ $2026.40

Canadian $ @ .6523

Stocks which were UP 1% or more included ARKK

AI COIN TTD EXAS RBLX UAL NCLH SNAP

FSLR TECK PAAS MGNI CLF PINS DKNG

MSFT ZM ESTC NVAX TWLO META AEM

BABA GOOG ROKU MU RH OSTK....

Here is my portfolio weighting 75% exposure :

SHOP      42.99%

ARKK     42.66%

LSPD       7.18%

SQ           7.17%

Next post on Sunday by 6 PM.

Enjoy your long weekend!!

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4090.38, low 4072.56, high 4099.69

RSI @ 59.35

CMF @ 0.186

Internals were :

Down volume led by 1.55 to 1 in NYSE & 2.25 to 1 in Nasdaq

Declining stocks led by 1.66 to 1 in NYSE & 2.02 to 1 in Nasdaq

Net new lows were leading by 19 in NYSE & 219 in Nasdaq

VIX UP .42% @ 19.08

Oil @ $80.61

Gold @ $2035.60

Canadian $ @ .6543

Portfolio ARKK LSPD SHOP SQ

Stocks which closed green included 

CNX MOS QCOM FCX IBM PFE

GOLD NEM NTAP NVAX ABBV

CVX EAT GILD PHM AEM FFIV

SLB LNG MA ORCL....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure and closed lower. This was a normal pullback which IS healthy. VIX was tame @ close which IS telling me that this selling may be coming to an end. Sector rotation was in play with healthcare & gold stocks taking the lead.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .52% to .59%....

Indices closed down.

S&P 500 @ 4100.60, low 4086.81, high 4133.13

RSI @ 60.75

CMF @ 0.190

Internals were :

Down volume led by 2.42 to 1 in NYSE & 2.33 to 1 in Nasdaq

Declining stocks led by 2.03 to 1 in NYSE & 2.27 to 1 in Nasdaq

Net new highs were leading by 18 in NYSE & lows by 154 in Nasdaq

VIX UP 2.43% @ 19.00

Oil @ $80.71

Gold @ $2038.20

Canadian $ @ .6543

Portfolio ARKK LSPD SHOP SQ

Stocks which closed green included SQ

AG ROKU PAAS MSTR PINS SHOW

GOLD INTC NKE AMZN BABA FFIV

NTNX META OSTK CMG...

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed down in .50% range while yield took a dip. Internals were mostly negative and VIX came UP to resistance area. Oil wild ride may need some digestion. Gold may breakout as US$ dips. Most sectors pulled back today.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4124.51, high 4127.66, low 4098.79

RSI @ 64.01

CMF @ 0.173

Internals were :

UP volume led by 1.14 to 1 in NYSE & .57 to 1 in Nasdaq

Advancing stocks led by 1.28 to 1 in NYSE & .89 to 1 in Nasdaq

Net new highs were leading by 56 in NYSE & lows by 36 in Nasdaq

VIX Down .80% @ 18.55

Oil @ $80.42

Gold @ $2000.40

Canadian $ @ .6561

In my portfolio :

Bought SQ @ $67.50

Bought LSPD @ $14.70

Portfolio ARKK LSPD SHOP SQ

Stocks which closed green included

AI LULU RBLX VNX APA SU MOS TJX GE 

TECK M BYD SAVE AAPL BMBL PAAS CNQ

FCX MSTR DASH PINS PFE GOLD INTC NEM

TOL TS BMO KBH NVAX CVX ELF MRNA BA

AEM GOOG NFLX JWN OXY SLB META LVS

WYNN BROS MA ORCL MCD ULTA CMG V

X IBM.....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed near best level of the day despite major jump in Oil prices due to cutback in production by OPEC++. Market went down quickly in futures due to Inflation fears BUT by close even VIX was down. How we close matters in a bull market even when we were slightly overbought which did not matter.

BLOG does NOT give buy or sell.

Saleem

US stock market has more room to go UP.....

 US stock market is leading world stock markets with an incredible UP move.

Since October of 2022, a long 6 months has been extremely stressful with " pain and how high Interest rates can go push by Fed "

Fed has not changed its rhetoric of higher rates longer mantra

BUT of all, US stock market is following Its OWN rhythm, like It or NOT, Indices are on a bull run....

Fed these days is NOT a leader, Its a follower of established trends lately unlike Ben Bernanke days or even Greenspan moments of surprise cuts.....

IF I look @ my universe of Indices / Index, 4 of them are in a well defined bull run, they are Nasdaq, SOX, S&P 500 & GLD

SOX is the king of all, already made a new interim HIGH....

Nasdaq is all set to make a new interim high in max 2 business days of UP move even in 1 IF HFT gets excited on Monday's run of the roses...

GLD can be a contrary US$ play, should do well going forward

XLB Is looking good also, growth equals commodities hyper cycle...

SO....It means...IF you get the direction of this market right....which IS UP...then a focus on 5 stated sector should keep an smile for a long long time....

This bull party is just getting started, new HIGHS begets SERIES of NEW HIGHS......

This may be the biggest Technology party since Y2K....Nasdaq & SOX should rule big time....

Good luck with your own research, making money was not this easy since 2008.....a long 15 years ago...

BLOG does NOT give buy or sell.

Saleem