Indices closed UP 1.26% to 1.74%....NICE !!!!

 Indices rocketed UP to higher highs and closing @ high of the day. Internals were positive. Inflation seems to be coming down thus a strong reaction.

S&P 500 @ 4109.31, high 4110.75, low 4056.18

RSI @ 62.83

CMF @ 0.112

Internals were :

UP volume led by 5.32 to 1 in NYSE & 3.34 to 1 in Nasdaq

Advancing stocks led by 4.78 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new highs were leading by 56 in NYSE & lows by 49 in Nasdaq

VIX Down 1.68% @ 18.70

Oil @ $75.67

Gold @ $1986.20

Canadian $ @ .6472

Stocks which were UP 3% or more included ARKK SHOP

AI LSPD COIN RUN SPWR GOOS RBLX HST AFRM

ROKU PINS SNOW PANW DOCU CRWD ESTC 

DDOG ELF TWLO TSLA SPLK RIOT JWN

LVS M MSTR....

In my portfolio Sold 10% SHOP.TO @ $65.00

Here is my portfolio weighting based on 70% exposure :

SHOP      50.24%

ARKK     49.76%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .43% to .73%...NICE !!!

 Indices closed UP.

S&P 500 @ 4050.83, high 4057.85, low 4032.10

RSI @ 57.91

CMF @ 0.106

Internals were :

UP volume led by 2.05 to 1 in NYSE & 1.44 to 1 in Nasdaq

Advancing stocks led by 2.70 to 1 in NYSE & 1.16 to 1 in Nasdaq

Net new highs were leading by 25 in NYSE & lows by 77 in Nasdaq

VIX Down .52% @ 19.02

Oil @ $74.37

Gold @ $1997.70

Canadian $ @ .6459

In my portfolio .... Sold AI @ $27.25

Portfolio ARKK SHOP

Stocks which closed UP 1% or more included AI

SQ RUN MRVL DAL XPEV PDD NIO AG

TECK TRIP QCOM FCX DASH AMD SNOW

INTC MSFT NXPI ZM CRWD UBER LITE

SEDG EAT BA ASML NVDA META LRCX

AMZN BABA NFLX OLED AMAT CIEN

LVS BROS ULTA....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE closed near high of the day and made new highs in months, a sign of solid " fight the Fed moment " Internals were positive again with back to back strength @ close. It IS all about Inflation read before market opens. It IS also end of the week, end of the month & end of the quarter, how It will end depends on the positioning of High Frequency Traders.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.00% to 1.79%...NICE !!!

 Indices closed UP.

S&P 500 @ 4027.81, high 4030.59, low 3999.53

RSI @ 55.77

CMF @ 0.116

Internals were :

UP volume led by 6.27 to 1 in NYSE & 6.48 to 1 in Nasdaq

Advancing stocks led by 3.86 to 1 in NYSE & 2.11 to  1 in Nasdaq

Net new highs were leading by 13 in NYSE & lows by 79 in Nasdaq

VIX Down 4.26% @ 19.12

Oil @ $72.97

Gold @  $1984.50

Canadian $ @ .6422

Portfolio ARKK AI SHOP

Stocks which were UP 3% or more included ARKK AI SHOP

SQ COIN MRVL XPEV LULU RIOT NIO SPWR AFRM

MU QCOM MSTR DKNG INTC PENN ZI ZM LRCX

AMZN ROKU.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong from open and closed @ high of the day, Internals were extremely strong. Key technical levels were taken out even by S&P 500 which closed above 50 DMA while Nasdaq Nasdaq staring @ 12000 to take It out. Most sectors participated in Today's rally which is a good thing.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .12% to .45%....

 Indices closed down.

S&P 500 @ 3971.27, low 395153, high 3979.20

RSI @ 49.96

CMF @ 0.075

Internals were :

UP volume led by 1.75 to 1 in NYSE & .54 to 1 in Nasdaq

Advancing stocks led by 1.43 to 1 in NYSE & .77 to 1 in Nasdaq

Net new lows were leading by 27 in NYSE & 102 in Nasdaq

VIX Down 3.06% @ 19.97

Oil @ $73.20

Gold @ $1973.50

Canadian $ @ .6382

Portfolio ARKK AI SHOP

Stocks which closed green included

COIN MGM DAL XPEV LULU 

JD PDD BIDU JKS TPR UAL

APA SU NIO CCL TJX AG CCJ

CRM M X WYNN PAAS CNQ

LAC FCX CLF MSTR CIEN

DDOG TD CVX EAT PHM BA

AEM BABA OXY SLB LNG

ULTA.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, Indices closed down slightly. There was rotation for last 2 days on beaten down sectors like Oil. Nasdaq continued its well deserved R&R. Market is poised for jump as VIX is below 20. Dull market gives you lot of opportunities to do day trading or jump into well defined rotation. 

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3977.53, high 4003.83, low 3970.49

RSI @ 50.65

CMF @ 0.016

Internals were :

UP volume led by 3.29 to 1 in NYSE & .77 to 1 in Nasdaq

Advancing stocks led by 2.57 to 1 in NYSE & 1.45 to 1 in Nasdaq

Net new lows were leading by 9 in NYSE & 81 in Nasdaq

VIX Down 5.24% @ 20.60

Oil @ $72.81

Gold @ $1983.80

Canadian $ @ .6309

Portfolio ARKK AI SHOP

Stocks which closed UP 1% or more included

SQ MGM GOOS DAL LULU UAL APA

SNAP NTR MOS MGA AG CCJ GE X

JBLU ROKU BMBL CNQ AAL SCHW

PINS IBM TD BMO CVX ELF BA

TWLO OXY SLB BROS ORCL 

ULTA CMG....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was mixed @ close when Nasdaq took a rare day of rest. Internals were mostly positive. VIX and the way we closed, It IS getting ready to catch momentum again. Set your portfolio for long term strategy. 

BLOG does NOT give buy or sell.

Saleem

US Stock market looking better & better....

 US stock market has defied Fed & shorts since last October lows.....

Fed tried & tried by racing rates UP to breaking banks & Financial stability with inverted yields, a non workable situation in thin margin banking....

For Nasdaq, SOX & Gold trend is your friend

CNBC is full of skeptics and for rating purpose, they are in prime focus, fear sells rating....

Sadly everyone will wake up within 2 weeks that some Indices may be making new highs.....

Talking of superb performance, Gold is number 1 in my universe with highest RSI of 64.21

SOX is second best with RSI of 57.70

Nasdaq loved by few and ignored by many is third best with RSI of 57.14

S&P 500 is fourth best with RSI of 49.98

XLF is lowest performer with an RSI of 32.04

IWM is 2nd worst with an RSI of 38.15..home of Regional banks & Financials

XLE rounds UP 3rd worst with an RSI of 39.21....how mighty have fallen

All of the above is telling you to " follow the trend with an ETF IF you are not sure which stocks to pick...they all have 1X 2X & 3X ETF to suit your instinct

Many struggling stocks from last year like FANG & AAPL are getting bids....and they are the new & improved way to make money....again ETF may be a better strategy.

Nasdaq is poised to excel going forward.....

Worlds economies are in shamble with lowest GDP growth from CHINA to USA.....thus rate cuts will be fast & furious....

YES...there are many ways to lose money on Wall Street BUT few ways to keep moving ahead...

Good luck with your own choices, follow the FEAR or BE GREEDY NOW

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .31% to .56%...NICE !!!!

 Indices closed UP in a very uncertain session due to ongoing conflicting signals on Interest rate and Banking challenges. When the closing bell rang all Indices closed green as IF there is no issues...

S&P 500 @ 3970.99, high 3972.74, low 3908.16

RSI @ 49.98

CMF @ 0.018

Internals were :

UP volume led by 2.57 to 1 in NYSE & 1.08 to 1 in Nasdaq

Advancing stocks led by 1.47 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new lows were leading by 280 in NYSE & 292 in Nasdaq

VIX Down 3.85% @ 21.74

Oil @ $69.26

Gold @ $1983.80

Canadian $ @ .6235

Stocks which closed UP 1% or more included AI

COIN RUN EXAS RBLX LULU HST CNX 

APA SNAP AFRM PYPL CRM BIDU IBM

DKNG GOLD INTC MSFT PENN MTCH

KBH CVX ELF AEM NFLX....

Here is my portfolio weighting :

SHOP      37.69%

ARKK     35.43%

AI           26.88%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem