Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4138.12, high 4142.30, low 4123.81

RSI @ 55.01

CMF @ 0.062

Internals were :

UP volume led by 1.19 to 1 in NYSE & 2.03 to 1 in Nasdaq

Declining stocks led by 1.14 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new highs were leading by 38 in NYSE & lows by 31 in Nasdaq

VIX Down 1.22% @ 16.98

Oil @ $73.16

Gold @ $2033.20

Canadian $ @ .6638

In my portfolio added 125% SQ @ $58.45

Portfolio ARKK AI SHOP SNAP SQ

Stocks which were UP 2% or more included AI SHOP SNAP

LSPD TTD RBLX PLTR UAL CCL AFRM RCL AAL

LAC PINS AMD SNOW PANW ZI CRWD UBER

DDOG ENPH TWLO NFLX AMD....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed with Nasdaq being relatively stronger. Internals were mixed. Few stocks are showing strength while others are taking a breather. After hours earnings report is mixed. Keep an eye on rotation which is ongoing.

BLOG does NOT give buy or sell.

Saleem

US stock market in bull mode.....

 US stock market is in a " full bull mode "

US stock market is ignoring hawkish Fed

US stock market is ignoring Hotter jobs report

US stock market is ignoring Washington funding debate

US stock market is ignoring hotter inflation reports

US stock market is ignoring lowest unemployment numbers

US stock market is ignoring liquidity crunch in regional banks

All of the above is only possible when US stock market is looking ahead and wants to go higher

US stock market has been in a higher low mode for last 4 months

US stock market has ignored all the bearish calls for new lows for almost a year

When US stock market starts to fight the Fed, It IS time to be very aggressive and go long

Friday close had the feel of " capitulation by HFT "

Whenever there is a broad based participation in a rally, may means direction has changed...

This IS the market of very reasonable RSI for even the strongest sector

Nasdaq is leading this Bull RUN with an RSI of only 58.01

2nd strongest is GOLD with RSI of 55.89....

3rd strong sector is S&P 500 with an RSI of 54.80

Message of the market IS....Technology is the place to be....stay with the strongest stocks as they have a long way to go higher and higher as they all have faltered badly for last 3 years...NOW they have high energy of UP UP & away....

Many ETF are beaten UP except Nasdaq 100 related as they are ready to make new highs on Monday

ETF may be ideal for those who are still not sure which stocks to pick

YES...It IS a stock pickers market which are already on the move...NO BARGAIN HUNTING PLEASE....

Please overweight strong stocks and IF you must play bargain hunting, please keep it small / underweight 

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.65% to 2.25%..NICE !!!!

Indices closed UP despite hotter than expected jobs report as we were deeply oversold. Most sectors participated in today's rally.

S&P 500 @ 4136.25, high 4147.02, low 4084.73

RSI @ 54.80

CMF @ 0.078

Internals were :

UP volume led by 8.42 to 1 in NYSE & 4.25 to 1 in Nasdaq

Advancing stocks led by 4.95 to 1 in NYSE & 2.73 to 1 in Nasdaq

Net new highs were leading by 24 in NYSE & lows by 36 in Nasdaq

VIX Down 14.44% @ 17.19

Oil @ $71.34

Gold @ $2024.80

Canadian $ @ .6575

Stocks which were UP 4% or more included ARKK AI SHOP SNAP

LSPD VOIN RUN MRVL UAL RIOT CCL RCL FSLR AFRM

MGA PYPL M AAPL ROKU MSTR DKNG SEDG NVDA

TSLA EXPE JWN.....

Here is my portfolio weighting :

SHOP     44.93%

ARKK    33.33%

AI          10.42%

SNAP      5.96%

SQ          5.36%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem 

Indices closed down .49% to .86%....

 Indices closed down.

S&P 500 @ 4061.22, low 4048.28, high 4082.61

RSI @ 45.27

CMF @ 0.083

Internals were :

Down volume led by 2.06 to 1 in NYSE & 1.25 to 1 in Nasdaq

Declining stocks led by 2.25 to 1 in NYSE & 1.53 to 1 in Nasdaq

Net new lows were leading by 255 in NYSE & 414 in Nasdaq

VIX UP 9.54% @ 20.09

Oil @ $68.56

Gold @ $2055.70

Canadian $ @ .6424

In my portfolio :

Added  500% AI @ $17.50

Added 150% SNAP @ $7.96

Portfolio ARKK AI SHOP SNAP SQ

Stocks which were UP 2% or more included ARKK AI SHOP

LSPD EXAS XPEV JD HST NIO RCL MSTR BIDU AMD

GOLD INTC NEM AEM ZM DDOG SEDG MRNA OLED..

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, closed lower on ongoing regional bank troubles. Internals were negative. After hours earnings were mostly positive which bodes well for this oversold market.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .46% to .80%....

 Indices closed down.

S&P 500 @ 4090.75, low 4088.86, high 4148.30

RSI @ 49.05

CMF @ 0.116

Internals were :

Down volume led by 1.87 to 1 in NYSE & 2.74 to 1 in Nasdaq

Declining stocks led by 1.44 to 1 in NYSE & 1.00 to 1 in Nasdaq

net new lows were leading by 42 in NYSE & by 201 in Nasdaq

VIX UP 3.15% @ 18.34

Oil @ $68.60

Gold @ $2037.00

Canadian $ @ .6389

Portfolio ARKK AI SHOP SNAP SQ

 Stocks which closed green included AI SQ

LSPD SPOT RUN EXAS LULU HST

AMAT BMBL DASH INTC LYFT

TOL UBER DDOG ENPH PHM

LTHM CMG.....

AH Futures Mixed

AH Asian markets Mixed

AH Oil & Gold UP

About market, TAPE closed @ low of the day thanks to hawkish Q&A. Internals were negative. Few stocks bucked the trend as listed in gainers. Real market trend should emerge by Thursday close. Another regional bank was collapsing after hours.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.08% to 1.16%...

 Indices closed down.

S&P 500 @ 4119.58, low 4089.72, high 4164.10

RSI @ 53.07

CMF @ 0.149

Internals were :

Down volume led by 5.12 to 1 in NYSE & 1.86 to 1 in Nasdaq

Declining stocks led by 3.55 to 1 in NYSE & 2.44 to 1 in Nasdaq

Net new lows were leading by 133 in NYSE & 380 in Nasdaq

VIX UP 10.57% @ 17.78

Oil @ $71.66

Gold @ $2023.30

Canadian $ @ .6369

Portfolio ARKK AI SHOP SNAP SQ

Stocks which closed green included 

COIN RIOT AG GE RCL QCOM

QRVO PAAS MSTR GOLD NXPI

NEM AEM ZI UBER DHI MCD

AMZN CRUS AMD BROS 

OSTK CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE remained under Fed induces banking crisis of inverted yield which is playing havoc with deposits. Washington lack of agreement on Government funding played a role also in today's slump. Expecting Fed statement to backtrack on highest rate for a long time mantra and do an about turn on many policies.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .04% to .14%...

 Indices closed down.

S&P 500 @ 4167.87, low 4164.12, high 4186.92

RSI @ 60.82

CMF @ 0.203

Internals were :

Down volume led by 1.28 to 1 in NYSE & 1.09 to 1 in Nasdaq

Declining stocks led by 1.36 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new highs were leading by 89 in NYSE &  lows by 97 in Nasdaq

VIX UP 1.90% @ 16.08

Oil @ $75.66

Gold @ $1992.20

Canadian $ @ .6452

Portfolio ARKK AI SHOP SNAP SQ

Stocks which were UP 1% pr more included AI

SPOT MGM MRVL RBLX DAL LULU UAL 

NCLH GE BYD RCL WYNN AAL DASH

DKNG LYFT PENN UBER UPS NVDA

META LVS MCD....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed slightly down after spirited run last week. Fed meeting & action on 2PM Wednesday should be a net positive for bullish action. Regional Bank failures and resulting weakness in Major Banks is a wakeup call to Fed policies and lack of focus on impact of their actions.

BLOG does NOT give buy or sell.

Saleem