Indices closed UP .51% to .89%...NICE !!!!

 Indices closed UP and @ high of the day with all time high closing in DOW & S&P 500. Internals were extremely weak for a record high closing.

S&P 500 @ 4128.80, high 4129.48, low 4095.51

RSI @ 72.17

CMF @ 0.251

Internals were :

UP volume led by 1.13 to 1 in NYSE & .81 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & .81 to 1 in Nasdaq

Net new 52 wk highs were leading by 374 in NYSE & 145 in Nasdaq

VIX Down 1.53% @ 16.69......16.20 was the low of the day and YTD & 52 wks...

Oil @ $59.32

Gold $1744.80

Canadian $ .7455

Stocks which closed UP1% or more included AAPL SQ 

LULU ACB CGC CCL MGNI FUBO SCHW MSTR

DASH SPWR DKNG INTC MSFT PANW TOL

KBH DHI PHM KRA UPS MRNA NKE AMZN

SPLK JWN YELP M ....

In my portfolio :

Bought TECK @ $19.80

Sold AAPL in After Hour @ $132.98

Sold SQ near close @ $262.80

Sold TSM near close @ $122.55

Here is my portfolio weighting...reduced my exposure to only 35% :

SU           27.05%

NIO         17.24%

APA        15.61%

HST       14.64%

CNX      12.49%

TECK     8.96%

BTCC.U 4.01%

Next post around 6 PM on Sunday

BLOG does NOT give buy or sell

Saleem

Indices closed UP .17% to 1.03% ....NICE !!!!

 Indices closed UP.

S&P 500 @ 4097.17, high 4098.19, low 4082.54

RSI @ 69.60

CMF @ 0.214

Internals were :

UP volume led by .99 to 1 in NYSE & 2.53 to 1 in Nasdaq

Advancing stocks led by 1.80 to 1 in NYSE & 2.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 353 in NYSE & 132 in Nasdaq

VIX Down 1.22% @ 16.95

Oil @ $59.60

Gold @ $1758.20

Canadian $ @ .7420

In my portfolio ....added 45% SU @ $20.70

Portfolio AAPL APA CNX HST NIO BTCC.U SQ SU TSM

Stocks which were UP 2% or more included NIO SQ TSM

ROKU BB TWTR SNAP AG RIOT MSTR RIDE BIDU

PINS PENN MGM GOOS DOCU SHOP ZM CRWD 

ESTC ENPH BYND TWLO NTNX OSTK....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was strong & closed @ high of the day, S&P 500 keep making new all time highs and closing high. Today was a broad based rally where FANG and stay home stocks took the lead. Reopen stocks were mostly in red along with base metals. We may be coming to an end to this part of rally as VIX & RSI are flashing caution.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4079.95, high 4083.13, low 4068.31

RSI @ 68.10

CMF @ 0.168

Internals were :

Down volume led by 1.43 to 1 in NYSE & 1.82 to 1 in Nasdaq

Declining stocks led by 1.38 to 1 in NYSE & 2.22 to 1 in Nasdaq

Net new 52 wk highs were leading by 265 in NYSE & 91 in Nasdaq

VIX Down 5.30% @ 17.16

Oil @ $59.77

Gold @ $1741.60

Canadian $ @ .7382

Portfolio AAPL APA CNX HST NIO BTCC.U SQ SU TSM

Stocks which were UP 1% or more included AAPL HST SQ

TWTR SNAP CCL INTC GOOS EAT NVDA FB AMZN

GOOG LNG FB.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE had another flat day digesting its gains. FANG continue to baffle technology bears by going UP daily. Internals were negative. Thursday should be a positive close all around.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .05% to .29%.....

 Indices closed down.

S&P 500 @ 4073.94, low 4068.14, high 4086.23

RSI @ 67.59

CMF @ 0.138

Internals were :

UP volume led by 1.59 to 1 in NYSE & 1.17 to 1 in Nasdaq

Advancing stocks led by 1.54 to 1 in NYSE & .97 to 1 in Nasdaq

Net new 52 wk highs were leading by 428 in NYSE & 172 in Nasdaq

VIX UP 1.17% @ 18.12

Oil @ $59.33

Gold @ $1743.00

Canadian $ @ .7456

In my portfolio Bought BTCC.U @ $10.90 in Toronto a Bitcoin ETF

Portfolio AAPL APA CNX HST NIO BTCC.U SQ SU TSM

Stocks which were UP 2% or more included CNX SQ

LULU WYNN SNAP PAAS FUBO RIDE CSIQ JKS

SEDG ENPH PLAN DAL ESTC PDD MRNA IQ

HUYA MOMO BZUN TWLO BABA ROKU 

TWTR CMG....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE took a well deserved rest closing slightly lower. Internals were mostly positive. Reopening stocks did well like airlines & cruise lines. Some Technology stocks kept moving higher along with Solar stocks.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.13% to 1.67%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4077.91, high 4083.42, low 4034.44

RSI @ 68.27

CMF @ 0.096

Internals were :

UP volume led by 1.55 to 1 in NYSE & 1.16 to 1 in Nasdaq

Advancing stocks led by 1.79 to 1 in NYSE & 1.51 to 1 in Nasdaq

Net new 52 wk highs were leading by 534 in NYSE & 230 in Nasdaq

VIX UP 3.35% @ 17.91

Oil @ $58.65

Gold @ $1728.80

Canadian $ @ .7484

In my portfolio :

Sold MGM @ $41.50

Added 250% CNX @ $14.66

Bought APA @ $17.54

Portfolio AAPL APA CNX HST NIO SQ SU TSM

Stocks which were UP 2% or more included AAPL MGM

NCLH MRVL RCL WYNN QRVO SWKS TECK CCL

RIOT FCX MSTR PINS IBM GAN INTC MSFT DAL

NXPI TER BA FB TSLA AMZN UAL GOOG ORCL...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE was strong from open to close without wavering, Nasdaq was UP 3 days in a row and is technically strong. DOW & S&P 500 made a new all time high. Internals were all positive and strong. Many sectors participated and some were left behind as rotation has taken hold.

BLOG does NOT give buy or sell.

Saleem

US stock market in " happy zone "

 US stock market is giving a very firm " buy buy buy signal "

Everything is falling in place.....

100 million vaccines given

Job growth in high gear...

10 year yield stuck in a defined range

S&P 500 made a new all time closing high....

Debate of growth & value is mute....

Value has shown growth..

Growth is showing value now...

Time has come when most boats will be lifted

Confusing stage from stock market has abated

Buy whatever you have faith in and stick with it

Nasdaq above 50 DMA

Russell 2000 above 50 DMA

VIX below 20 and no worries...start of a new VIX channel

Semiconductors are in vogue again

YES Airlines are in growth mode now...

All of the above proves with little patience and conviction everything works....

Those who are out of technology will be chasing those stocks @ much higher prices

This is a rare time in US stock market where Value & Growth should work and move much higher.

SO....you have done enough worrying, now put your stock picking skills to work, market may move quickly and should make higher highs which means " series of new all time highs..."

Good luck with your understanding of this TAPE and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .52% to 1.76%....NICE !!!!

 Indices closed near high of the day with S&P 500 in new all time high territory, Nasdaq was the strongest among all major Indices, Russell 2000 came alive. Oil closed UP despite more production quota.

S&P 500 @ 4019.87, high 4020.63, low 3992.78

RSI @ 63.27

CMF @ 0.114

Internals were :

UP volume led by 2.31 to 1 in NYSE & 2.00 to 1 in Nasdaq

Advancing stocks led by 4.16 to 1 in NYSE & 3.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 289 in NYSE & 106 in Nasdaq

VIX Down 10.41% @ 17.38

Oil @ $61.45

Gold @ $1728.40

Canadian $ @ .7428

Stocks which were UP 4% or more included CNX MGM TSM

APA QRVO SNAP PAAS PINS GAN MU UBER PDD TER

LSCC LRCX YY QS AMAT YELP......

In my portfolio bought CNX @ $14.66

Here is my portfolio weighting :

AAPL          24.21%

SQ              24.12%

TSM           14.75%

MGM         12.55%

SU               8.47%

NIO             7.80%

HST            6.29%

CNX           1.81%

Next post by 6 PM on Sunday.

Enjoy your Easter!

BLOG does NOT give buy or sell.

Saleem