Indices closed down .10% to .71%...

 Indices closed down.

S&P 500 @ 3970.15, low 3968.98, high 3997.50

RSI @ 42.16

CMF @ 0.087

Internals were :

Down volume led by 1.43 to 1 in NYSE & .80 to 1 in Nasdaq

Declining stocks led by 1.13 to 1 in NYSE & .79 to 1 in Nasdaq

Net new highs were leading by 38 in NYSE & 3 in Nasdaq

VIX Down 1.19% @ 20.70

Oil @ $77.05

Gold @ $1836.70

Canadian $ @ .6380

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed UP 2% or more included ARKK LCID

LSPD EXAS XPEV PDD JKS UAL SNAP RUN AMAT

AFRM HOOD SQ COIN X ROKU BMBL WYNN LVS

AAL FCX CLF DOCU CIEN LITE VICR TWLO META 

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed near low of the day after being UP @ open, NOT a great technical picture, looks like another retest of support coming shortly. Weakness needs to be bought and any profits must be taken. Rotation seems to be working which IS a good thing.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .22% to .63%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3982.24, high 4018.05, low 3973.55

RSI @ 43.36

CMF @ 0.096

Internals were :

UP volume led by 1.13 to 1 in NYSE & 1.99 to 1 in Nasdaq

Advancing stocks led by 1.69 to 1 in NYSE & 1.42 to 1 in Nasdaq

Net new highs were leading by 40 in NYSE & lows by 1 in Nasdaq

VIX Down 3.32% @ 20.95

Oil @ $75.68

Gold @ $1824.90

Canadian $ @ .6420

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed UP 1% or more included LCID MRVL SOL

GOOS DAL XPEV PDD JKS TPR RUN FSLR SPWR ENPH

SEDG MOS MGA CCJ TECK X RCL LAC MGNI CLF 

MSTR BIDU DKNG SNOW CSIQ PANW DOCU TOL

DDOG UPS ELF BA VICR TSLA EXPE NFLX LAC

FSR CMG....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE tried to recover from last week deeply oversold condition and closed green. Internals were positive. Treasury yield backed off which gave Nasdaq room to find pulse. It Is going to be a slow recovery in equities as many were caught in last week selloff, Investors / traders confidence was shaken which takes time & funds.

BLOG does NOT give buy or sell.

Saleem

US Stock market selloff an opportunity....

 US stock market is in sell sell mode.

PCE took the wind out of optimism for peak in Fed funds rate...

Stock market does not like surprise in any indicator least of all inflation

Inflation has been in upward swing in 4 set of stats lately, that is an overwhelming statistics to deal with...

SO bad news on Inflation came and we tanked accordingly....

BUT that is done and over with....

Market knows now that we may go to 5.5% in Fed Funds rate

Based on known facts now.....US stock market starts regrouping and takes small steps for traders and Investors.

YES...Warren Buffett is right when he says " be greedy where there is blood on the street "

Look @ ARKK & my portfolio, It got decimated last week...enough blood already..

SO...start buying or adding which I have been doing for an eventual recovery in equity prices...

SO...look @ your portfolio and see IF you have been too optimistic in some of your holdings and may need trimming or outright sale....

There is always opportunity in every selloff, no different this time...

Fastest money Is made when you buy near the end of selloff or near end.

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed down1.02% to 1.69%....

 Indices closed down due to bogey of inflation which slightly ticked higher than expected, believe It or NOT, we closed near high of the day in much feared S&P 500.

S&P 500 @ 3970.04, low 3943.08, high 3978.25

RSI @ 41.81

CMF @ 0.118

Internals were :

Down volume led by 2.48 to 1 in NYSE & 3.61 to 1 in Nasdaq

Declining stocks led by 3.0 to 1 in NYSE & 2.98 to 1 in Nasdaq

Net new lows were leading by 19 in NYSE & 108 in Nasdaq

VIX UP 2.51% @ 21.67

Oil @ $76.32

Gold @ $1817.10

Canadian $ @ .6376

Stocks which closed green included

CNX SU CCJ GE SQ SAVE

CNQ CVX SLBSCHW

BYND OLED.....

In my portfolio bought MRVL @ $$43.60

Here is my portfolio weighting :

ARKK          31.46%

SHOP         30.16%

AI              18.34%

MRVL      11.96%

LCID        6.50%

SOL         1.58%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .33% to .72% NICE !!!

 Indices closed UP.

S&P 500 @ 4012.32, high 4028.30, low 3969.18

RSI @ 45.86

CMF @ 0.141

Internals were :

UP volume led by 1.43 to 1 in NYSE & 1.24 to 1 in Nasdaq

Advancing stocks led by 1.94 to 1 in NYSE & 1.37 to 1 in Nasdaq

Net new highs were leading by 16 in NYSE & lows  by 49 in Nasdaq

VIX Down by 5.16% @ 21.14

Oil @ $75.39

Gold @ $1826.80

Canadian $ @ .6430

In my portfolio added 100% AI @ $22.34

Portfolio ARKK AI LCID SHOP SOL

Stocks which were UP 2% or more included AI

MRVL PDD JKS UAL APA SNAP

AMAT AMD MU TSM QRVO TER

MOS BMBL LAC TOL KBH SEDG

NVDA LNG ORVL....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was going UP after open then inflation scare came in downward revision of GDP in USA and market went down in a hurry. By close there was no inflation and market went UP and closed green in all Indices. Tomorrow @ 830 AM world will stop breathing again due to inflation phobia, IF negative for market keep buying good stocks as they go on sale.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3991.05, low 3976.90, high 4017.37

RSI @ 43.29

CMF @ 0.164

Internals were :

Down volume led by 1.02 to 1 in NYSE & .87 to 1 in Nasdaq

Declining stocks led by 1.03 to 1 in NYSE & 1.08 to 1 in Nasdaq

Net new lows were leading by 15 in NYSE & 77 in Nasdaq

VIX Down 2.54% @ 22.29

Oil @ $73.95

Gold @ $1841.50

Canadian $ @ .6455

Portfolio ARKK AI LCID SHOP SOL

Stocks which closed UP 1% or more included ARKK AI SHOP

EXAS JKS CSIQ FSLR TPR UAL BTR MOS FSLR NIO

AFRM GE SQ CRM ROKU BMBL POMS PANW DDOG 

PENN SOCU ZI ZM TOLMTCH CRWD ESTC EAT

BYND TSLA AMZN SPLK LNG LVS BROS ULTA....

AH Futures UP

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE closed mixed despite Fed minutes being released and repeat of same old same old, thus a big yawn from traders / Investors. Nasdaq showing its muscle again and after hours NVDA lit fire for Nasdaq, happy days may be here again & again.

BLOG does NOT give buy or sell.

Saleem

Indices closed down 2.00% to 2.50%....

 Indices closed down

S&P 500 @ 3997.34, low 3995.19, high 4052.35

RSI @ 43.86

CMF @ 0.204

Internals were :

Down volume led by 7.19 to 1 in NYSE & 3.81 to 1 in Nasdaq

Declining stocks led by 7.08 to 1 in NYSE & 4.23 to 1 in Nasdaq

Net new lows were leading by 2 in NYSE & 79 on Nasdaq

VIX UP 7.72% @ 22.87

Oil @ $76.16

Gold @ $1842.59

Canadian $ @ .6483

Portfolio ARKK AI LCID SHOP SOL

Stocks which closed green included 

TOST HST SU NTR PYPL X

TRIP FVX CLF PINS ABBV

AEM SLB LVS.....

AH Futures UP

AH Asian Markets Down

AH Oil & Gold UP

About market, TAPE was under intense selling pressure because economic news in USA & Canada was better than expected, thus fear of higher Interest rated for longer time put fear in most trader and Fed was smiling. AH earnings report were better than expected, futures looking green.

BLOG does NOT give buy or sell.

Saleem