Wednesday, November 6, 2024

Indices closed UP 2.53% to 5.84%...NICE !!!!

 Indices closed near high of the day and new highs for most indices. Thanks to Trump's victory which I had handicapped last Sunday.

S&P 500 @ 5929.04, high 5936.14, low 5864.89

Internals :

UP volume led by 2.04 to 1 in NYSE & 1.81 to 1 in Nasdaq

Advancing stocks led by 1.51 to 1 in NYSE & 1.69 to 1 in Nasdaq

Net new highs were leading by 754 in NYSE & 1849 in Nasdaq

VIX Down 20.60% @ 16.27

Oil @ $71.69

Gold @ 2668.90

Canadian $ @ .6060

In my portfolio :

Sold NVDA.NE @ $33.85

Sold SHOP.TO @ $114.17

Added 110% SMCI.NE @ $7.05

Portfolio AAPL MSFT BTCC TSLA CMG BTC GDXJ SMCI..

Its all about Fed policy statement @ 2 PM.....

BLOG does NOT give buy or sell.

Saleem


Tuesday, November 5, 2024

Indices closed UP 1.02% to 1.88%...NICE !!!!

 Indices closed near high of the day, RUSSELL 2000 was the best performer followed by Nasdaq.

S&P 500 @ 5782.76, high 5783.44, low 5722.10

Internals :

UP volume led by 4.50 to 1 in NYSE & 3.40 to 1 in Nasdaq

Advancing stocks led by 4.44 to 1 in NYSE & 3.83 to 1 in Nasdaq

Net new highs were leading by 120 in NYSE & 163 in Nasdaq

VIX Down 6.78% @ 20.49

Oil @ $71.99

Gold @ $2749.70

Canadian $ @ .6142

Portfolio AAPL MSFT NVDA BTCC SHOP TSLA CMG

BTC GDXJ SMCI.....

After hour SMCI report was mixed and confusion remains in terms of 10K filing....

BLOG does NOT give buy or sell.

Saleem

Monday, November 4, 2024

Indices closed down .28% to .61%....

 Indices closed down slightly before election day which surprised me.

S&P 500 @ 5712.69, low 5696.51, high 5741.43

Internals :

UP volume led by 1.22 to 1 in NYSE & 1.31 to 1 in Nasdaq

Advancing stocks led by 1.37 to 1 in NYSE & 1.28 to 1 in Nasdaq

Net new highs were leading by 12 in NYSE & lows by 36 in Nasdaq

VIX UP .46% @ 21.98

Oil @ $71.47

Gold @ $2748.50

Canadian $ @ .6098

In my portfolio bought BTCC.TO @ $12.58

Portfolio AAPL MSFT NVDA BTCC SHOP TSLA

CMG BTC GDXJ SMCI

Internals were surprisingly positive also...

BLOG does NOT give buy or sell.

Saleem

Sunday, November 3, 2024

NOT 100% yet....BUT thanks for your prayers.....

 Pneumonia not the easiest thing to control or recover from, BUT thanks to best wishes from all of you, I am 50% better which was the tough part....for other 50%, It may be a slow recovery.

Special thanks to Michael, Stocktrader & Stock rookie for your timely prayers.

As you had noted, I had sold considerable amount of portfolio as Pneumonia was taking hold, @ lowest, has sold 75% of my portfolio....

On Friday I gathered enough strength to rebuild my portfolio back to my normal exposure, Jobs report gave me the chance to buy many stocks near trading low.....

As far as US stock market is concerned, It IS all about Tuesday's result...looks like "Trump "

IF my guess comes through, expect major rally on Wednesday to Friday $$$$$

As I have mentioned many times, doing due diligence IS the key to making money in Q4 & Q1...both bullish quarter....

Do not be afraid to buy high $ value stocks....Idea IS to make money NOT hate stocks which may be " sky high " based on your metrics....NEVER LOVE or HATE Stocks, they are just a tool to make " quick money " and who does NOT like making money.....sometimes It takes " little more guts than the next person...

Here is my stat ending Friday :

Last week Down 7.41%

YTD UP 23.65%

Here is my portfolio weighting :

SHOP     26.39%

CMG      18.26%

AAPL     13.07%

GDXJ     11.32%

NVDA    10.22%

TSLA     7.24%

MSFT    7.19%

SMCI     4.95%

BTC       1.36%

Good luck with your own take on Market & Politics.....

BLOG does NOT give buy or sell.

Saleem


Friday, October 25, 2024

Not feeling well....

 Down with Pneumonia, hopefully will recover by November 3rd Sunday, when I should be able to post my BLOG....

Saleem

Wednesday, October 23, 2024

Indices closed down .79% to 1.60%.....

 Indices were under selling pressure due to higher yield.

S&P 500 @ 5797.42, low 576241, high 5834.85

Internals :

Down volume led by 2.00 to 1 in NYSE & 2.00 to 1 in Nasdaq

Declining stocks led by 3.27 to 1 in NYSE & 2.61 to 1 in Nasdaq

Net new highs were leading by 43 in NYSE & lows by 30 in Nasdaq

VIX UP 5.71% @ 19.24

Oil @ $70.77

Gold @ $2734.60

Canadian $ @ .6157

Portfolio LULU MSFT BTCC.B SMCI CMG BTC AAPL

Election & yield seems to be in focus for markets.

BLOG does NOT give buy or sell.

Saleem

Tuesday, October 22, 2024

Indices closed mixed.....

 Indices closed mixed, Nasdaq was green.

S&P 500 @ 5851.20, low 5821.17, high 5863.04

Internals :

Down volume led by 1.07 to 1 in NYSE & .55 to 1 in Nasdaq

Declining stocks led by 1.37 to 1 in NYSE & 1.26 to 1 in Nasdaq

Net new highs were leading by 128 in NYSE & 29 in Nasdaq

VIX Down .93% @ 18.20

Oil @ $72.09

Gold @ $2754.30

Canadian $ @ .6165

In my portfolio Added 60% SMCI.NE @ $15.76

Portfolio LULU MSFT BTCC.B SMCI CMG BTC AAPL

Internals were weak....

BLOG does NOT give buy or sell.

Saleem