Indices closed mixed.....

 Indices closed mixed.

S&P 500 @ 4227.26, high 4236.74, low 4208.41

RSI @ 59.83

CMF @ -0.006

Internals were :

UP volume led by 1.29 to 1 in NYSE & 2.08 to 1 in Nasdaq

Advancing stocks led by 1.74 to 1 in NYSE & 1.66 to 1 in Nasdaq

Net new 52 wk highs were leading by 553 in NYSE & 252 in Nasdaq

VIX UP 3.96% @ 17.07

Oil @ $70.05

Gold @ $1894.40

Canadian $ @ .7898

In my portfolio bought BTCC.U.TO @ $6.04

Portfolio CNX HST LULU MGM NIO WEED BTCC

Stocks which were UP 1% or more included CNX HST MGM

ACB TLRY BYD NVTA NCLH MRVL FSLR MGNI CLF

AI RUN SPWR DKNG GAN CSIQ JKS DADA GOOS

DAL NTAP DDOG ENPH LIYE SEDG EAT HUYA 

MOMO BZUN AMZN YELP ULTA CMG.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed with jobs demand rising @ highest level fearing wage inflation. Nasdaq continued moving higher and Solar stocks staged a nice bounce from oversold condition. Gaming stocks were UP reflecting packed casinos. Russell 2000 staged a nice rally. Internals were strong.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4226.52, low 4215.66, high 4232.34

RSI @ 59.72

CMF @ -0.074

Internals were :

UP volume led by 1.06 to 1 in NYSE & 3.56 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.82 to 1 in Nasdaq

Net new 52 wk highs were leading by 566 in NYSE & 243 in Nasdaq

VIX @ 16.42

Oil @ $69.23

Gold @ $1898.80

Canadian $ @ .7931

Portfolio CNX HST LULU MGM NIO WEED

Stocks which were UP 1% or more included CNX HST MGM NIO WEED

BB PLTR ACB TLRY M VUZI NVTA ROKU NCLH CCL TWTR MGNI

FUBO PINS RUNS SPWR ENPH DKNG GAN SNOW MSFT LYFT

DOCU SHOP CRWD DDOG EAT BYND FB TSLA DDD QS SQ

OSTK ULTA ....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed with Nasdaq staying in green, most technology stocks were strong. Cruise lines, gaming did well also. This market keeps everyone guessing about its preference or rotation which is very evident. Staying well diversified keeps you in the game.

BLOG does NOT give buy or sell.

Saleem

US stock market is in full bull mode....

 US stock market is looking ahead 6 months, It likes what it sees.....

End of December is where US stock market is looking @....

Christmas time

New Year on the horizon

COVID-19 is in rear view

Full employment

Factories producing as much as market will bear

Inflation is helping Corporation profits

YES interest rates are in control around 2%

Business is booming

Travel is in full speed

That is a very good scenario for world stock markets

When was the last time we came out of any crisis so well prepared .....maybe after World War 2

The sector which IS the strongest in entire market is XLE ENERGY with RSI @ 67.74....surprise surprise...

Second best sector based on RSI of 62.91 is GOLD...surprise surprise

Third best is old & dependable DOW with RSI @ 62.63

Most of the major widely followed Indices are only 1 day away from making a new all time highs...notable among them are SLV...YES Silver followed by XLB...yes Materials....

S&P 500 and Russell 2000 are also staring @ new all time highs....

Guess what....Nasdaq is about 400 points away from making new all time highs....with an RSI of 56.68

Biggest laggard / bargain is TAN solar stocks with an RSI of 45.98 followed by JETS yes Airlines with an RSI of 49.98

SOX is fighting back with a respectable RSI of 59.18

Do NOT forget gaming stocks, they are red hot, casinos are packed and Barron's loving IT with a banner headline to buy MGM & BYD....roll the dice....YES!

SO...this is a snapshot of this " bull market " ready to roar again....to series of all time highs...

Please do your homework and be well diversified....things are looking UP!

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .52% to 1.47%....NICE !!!!

 Indices closed UP on not too hot jobs report. All sector participated including technology in forefront, Nasdaq was the-best performing today. All Indices are close to making new all time highs. Internals were positive.

S&P 500 @ 4229.89, high 4233.45, low 4206.05

RSI @ 60.41

CMF @ -0.053

Internals were :

UP volume led by 1.39 to 1 in NYSE & 1.40 to 1 in Nasdaq

Advancing stocks led by 2.03 to 1 in NYSE & 1.55 to 1 in Nasdaq

Net new 52 wk highs were leading by 439 in NYSE & 131 in Nasdaq

VIX Down 8.98% @ 16.42

Oil @ $69.62

Gold @ $1892.00

Canadian $ @ .7910

Stocks which were UP 2% or more included LULU NIO

CCJ TECK CRM LSPD TSM PYPL QRVO RIOT 

DASH RUN INTC MSFT DOCU ZI ZM NTAP

UBER TER ASML NVDA TSLA LRCX IQ

AMAT TWTR JKS MU CIEN ORCL....

Here is my portfolio weighting :

MGM     26.97%

LULU    22.77%

CNX      16.26%

NIO       15.49%

HST      10.18%

WEED   8.23%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem

Indices closed down .07% to 1.03%....

 Indices closed down.

S&P 500 @ 4192.85, low 4167.93, high 4204.39

RSI @ 55.05

CMF @ -0.035

Internals were :

Down volume led by 1.36 to 1 in NYSE & .72 to 1 in Nasdaq

Declining stocks led by 1.45 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 254 in NYSE & 95 in Nasdaq

VIX UP 3.20% @ 18.04

Oil @ $68.81

Gold @ $1873.30

Canadian $ @ .7880

Portfolio CNX HST LULU MGM NIO WEED.TO

Stocks which closed green included SU BB SCHW

PFE NRNA CIEN ESTC NTAP NVAX NVDA 

FFIV SLB LNG MGA ORCL MS TLRY....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed down on jobs data and upcoming Jobs report @ 830 AM on Friday. Market is very sensitive to strong jobs data and average wages which may be interpreted as Fed excuse to tinkering with rates, this is premature.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .07% to .14%....NICE !!!!

 Indices closed UP

S&P 500 @ 4208.12, high 4217.37, low 4198.27

RSI @ 58.06

CMF @ -0.074

Internals were :

UP volume led by 2.06 to 1 in NYSE & 2.76 to 1 in Nasdaq

Advancing stocks led by 1.34 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 550 in NYSE & 173 in Nasdaq

VIX Down 2.35% @ 17.48

Oil @ $68.83

Gold @ $1909.90

Canadian $ @ .7949

Portfolio CNX HST LULU MGM NIO WEED

Stocks which were UP 2% or more included WEED.TO 

SU BB PLTR ACB M CNQ AAL CCL FUBO RIOT AI

MSTR SPWR JKS DKNG AUY NVAX MRNA BYND 

SPLK DDD NVDA QS OXY SLB OSTK TLRY.....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE ended green but faded again by close, an ongoing pattern. Internals were strong. Many sectors participated today including technology which was comforting to many traders. Fed beige book minutes was as expected. After hour Fed announced some curtailment of emergency funds.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed

S&P 500 @ 4202.04, low 4197.59, high 4234.12

RSI @ 57.20

CMF @ -0.049

Internals were :

UP volume led by 3.51 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 2.54 to 1 in NYSE & 1.80 to 1 in Nasdaq

Net new 52 wk highs were leading by 621 in NYSE & 257 in Nasdaq

VIX UP 6.8% @ 17.90

Oil @ $67.72

Gold @ $1905.00

Canadian $ @ .7965

In my portfolio :

Sold AG @ $18.68

Bought LULU @ $319.00

Portfolio CNX HST LULU MGM NIO WEED.TO

Stocks which were UP 3% or more included CNX NIO AG

CCJ SU BB APA VUZI SAVE RCL CNQ MGNI RIOT

FCX AI PDD KRA BA IQ HUYA MOMO BZUN

OXY SLB JKA....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE started strong but faded by close, only DOW closed UP. Oil was @ multi year high as driving and travel season is in full swing. Energy stocks were staging breakout in a decisive manner. Internals were mostly positive. Rotation has shifted in a big way but old habit is preventing many traders to see the light.

BLOG does NOT give buy or sell.

Saleem