Indices closed near low of the day BUT DOW closed @ another all time high....
S&P 500 @ 5841.47, low 5840.25, high 5878.46
Internals :
Down volume led by 1.25 to 1 in NYSE & .92 to 1 in Nasdaq
Declining stocks led by 1.21 to 1 in NYSE & 1.24 to 1 in Nasdaq
Net new highs were leading by 453 in NYSE & 185 in Nasdaq
VIX Down 2.40% @ 19.11
Oil @ $70.67
Gold @ $2707.50
Canadian $ @ .6205
Portfolio AG LULU MSFT NVDA BTCC.B
SHOP SMCI CMG BTC GDXJ AAPL....
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day, Russell 2000 was the-best performer.
S&P 500 @ 5842.47, high 5846.52, low 5808.34
Internals :
UP volume led by 3.11 to 1 in NYSE & 2.59 to 1 in Nasdaq
Advancing stocks led by 3.35 to 1 in NYSE & 2.81 to 1 in Nasdaq
Net new highs were leading by 403 in NYSE & 232 in Nasdaq
VIX Down 5.14% @ 19.58
Oil @ $70.39
Gold @ $2692.60
Canadian $ @ .6224
Portfolio AG LULU MSFT NVDA BTCC.B
SHOP SMCI CMG BTC GDXJ AAPL....
Internals were strong which means rally is broadening out....
BLOG does NOT give buy or sell.
Saleem
Indices closed down on downbeat earning leak from ASML.
S&P 500 @ 5815.26, low 5804.48, high 5870.36
Internals :
Down volume led by 1.14 to 1 in NYSE & .72 to 1 in Nasdaq
Declining stocks led by 1.01 to 1 in NYSE & 1.03 to 1 in Nasdaq
Net new highs were leading by 473 in NYSE & 194 in Nasdaq
VIX UP 4.77% @ 20.64
Oil @ $70.13
Gold @ $2683.00
Canadian $ @ .6228
Portfolio AG LULU MSFT NVDA BTCC.B
SHOP SMCI CMG BTC GDXJ AAPL...
Small cap performed much better than overall market.
BLOG does NOT give buy or sell.
Saleem
Indices closed UP with all time high close for DOW/ S&P 500 / NVDA....
S&P 500 @ 5859.85, high 5871.41, low 5829.57
Internals :
UP volume led by 1.56 to 1 in NYSE & 2.28 to 1 in Nasdaq
Advancing stocks led by 1.58 to 1 in NYSE & 1.27 to 1 in Nasdaq
Net new highs were leading by 541 in NYSE & 224 in Nasdaq
VIX Down 3.71% @ 19.70
Oil @ $73.83
Gold @ $2667.50
Canadian $ @ .6243
In my portfolio Bought GDXJ @ $49.32
Portfolio AG LULU MSFT NVDA BTCC.B
SHOP SMCI CMG BTC GDXJ AAPL....
Nasdaq was the-best performer today.....
BLOG does NOT give buy or sell.
Saleem
US stock market has come a long way in discounting " inflation / recession / high interest rates "
Discounting any issue is tough enough BUT to discount 3 issues was challenging...
Runaway inflation is being tamed now
Fear of recession is gone with job growth
FED finally has cut 50 basis and 2 more 25 to come in 2024....
SO...all 3 issues are on the mend....
That leaves US stock market & worldwide stock market in a " sweet spot "
This kind of investing environment comes after long digestive / discounting phase which erodes comfort level in stocks.....
BUT here we are finally on the road to " higher highs " in many sectors.....
This calls for " conviction & patience "
Have a diversified portfolio and let it breathe....for a long time....you may have a pleasant surprise of growth in equity value over time.....
US markets changes its profile frequently....this one is much more predictable and " north bound "
IF we look @ new 52 week high list...It will lead you to some serious growth stocks......
Do not be stuck in old ideas.....time for new names in every portfolio....
Q4 has started, this IS the strongest Q for technology and many related Industries....which carries over in Q1 of 2025....
A1 has changed the game completely...It IS in very early stages....pick your stocks and stick with it.
Have a higher exposure of a strong bull market and keep adding as we are headed much much higher in many many sectors.....from Uranium to Silver to Crypto....
Good luck with your own research & comfort level....
BLOG does NOT give buy or sell.
Saleem
Indices closed near high of the day & new all time highs for DOW & S&P 500
S&P 500 @ 5815.03, high 5822.13, low 5775.09
Internals :
UP volume led by 3.89 to 1 in NYSE & 2.85 to 1 in Nasdaq
Advancing stocks led by 3.96 to 1 in NYSE & 2.89 to 1 in Nasdaq
Net new highs were leading by 411 in NYSE & 175 in Nasdaq
VIX Down 2.25% @ 20.46
Oil @ $75.56
Gold @ 2674.40
Canadian $ @ .6228
Here is my weighting :
CMG 19.92%
NVDA 18.93%
SHOP 18.18%
SMCI 11.17%
MSFT 8.06%
LULU 6.66%
AAPL 5.90%
BTCC.B 5.65%
AG 3.63%
BTC 1.90%
Next post by 6 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
Indices closed well above low of the day.
S&P 500 @ 5780.05, low 5764.76, high 5795.03
Internals :
Down volume led by 1.37 to 1 in NYSE & 1.52 to 1 in Nasdaq
Declining stocks led by 1.39 to 1 in NYSE & 1.59 to 1 in Nasdaq
Net new highs were leading by 130 in NYSE & lows by 72 in Nasdaq
VIX UP .34% @ 20.93
Oil @ $75.85
Gold @ $2647.30
Canadian $ @ .6243
Portfolio AG LULU MSFT NVDA
BTCC.B SHOP SMCI CMG BTC AAPL ....
Inflation remains in focus.....
BLOG does NOT give buy or sell.
Saleem