Indices closed down .25% to .46%.....

 Indices closed down.

S&P 500 @ 4493.28, low 4492.07, high 4529.90

RSI @ 55.09

CMF @ 0.143

Internals were :

UP volume led by 1.09 to 1 in NYSE & 2.00 to 1 in Nasdaq

Advancing stocks were leading by .97 to 1 in NYSE & 1.13 to 1 in Nasdaq

Net new 52 wk highs were leading by 91 in NYSE & 46 in Nasdaq

VIX UP 4.68% @ 18.80

Oil @ $68.14

Gold @ $1800.00

Canadian $ @ .7347

Portfolio CNX HST MGM WEED LSPD NCLH PLTR RIOT UAL XPEV

Stocks which were UP 2% or more included LSPD NCLH PLTR RIOT UAL

HOOD AFRM SOL BB TECK VUZI JBLU FSLR AAL CCL MGNI QS

FUBO DASH RIDE DADA DAL NTAP MRNA DDD....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was UP then moved down and closed lower for 4 days in a row. There was strength in Airlines & cruise lines which is telling me that this pullback may be coming to an end. Stay well diversified as Delta variant issue is being digested by market.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .13% to .57%....

 Indices closed down.

S&P 500 @ 4514.07, low 4493.95, high 452179

RSI @ 60.42

CMF @ 0.228

Internals were :

Down volume led by 2.23 to 1 in NYSE & 1.63 to 1 in Nasdaq

Declining stocks led by 1.71 to 1 in NYSE & 2.18 to 1 in Nasdaq

Net new 52 wk highs were leading by 90 in NYSE & 29 in Nasdaq

VIX Down .99% @ 17.96

Oil @ $69.30

Gold @ $1793.50

Canadian $ @ .7316

Portfolio CNX HST MGM WEED LSPD NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included CNX

FSLR DASH SNOW CIEN DDOG EAT FEYE

CRUS MA MCD CMG V

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was negative until close, internals were negative. Indices marking time until more clarity about Delta variant impact on world economies. This is a much needed pause which is healthy. Try to reposition your portfolio with better mix.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed...

 Indices closed mixed.

S&P 500 @ 4520.03, low 4513.00, high 4535.30

RSI @ 62.02

CMF @ 0.200

Internals were :

Down volume led by 1.66 to 1 in NYSE & .99 to 1 in Nasdaq

Declining stocks led by 2.27 to 1 in NYSE & 1.65 to 1 in Nasdaq

Net new 52 wk highs were leading by 160 in NYSE & 125 in Nasdaq

VIX UP 10.54% @ 18.14

Oil @ $68.35

Gold @ $1798.50

Canadian $ @ .7372

In my portfolio...bought LSPD.TO @ $147.80

Portfolio CNX HST MGM WEED LSPD NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included MGM NCLH XPEV

CCJ TECK BYD SAVE AAPL TRIP PYPL RCL CCL WYNN 

LVS SNAP AI DASH RIDE UBER BIDU DKNG LYFT 

DADA PENN MTCH PDD JD NVAX MRNA EAT

FB TSLA BABA EXPE NFLX DDD JWN LVS

MA OSTK.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE was mixed as concern over Delta variant impacting world economy is an unknown. Nasdaq closed @ new all time high. Internals were mostly negative. Rotation is in full swing which is very healthy.

BLOG does NOT give buy or sell.

Saleem

US Stock market sector rotation is ON.....

 US stock market is giving many type of investors & traders to benefit from their strategy.

Some sectors have performed way better than other lagging ones.

Based on current RSI read US real estate is best performing with RSI read of 74.68 in IYR.

Nasdaq is 2nd best with RSI read of 71.10....no news there, everyone is in that sector with their favorite stock.

Most undervalued or lagging is XLE @ 49.19....this sector has been most erratic lately...

Rest of the sector are all into neutral read except S&P 500 which is @ 66.72 RSI.....

DOW is lagging badly @ 54.22 RSI...this number is where most other sectors are going +- 2

SOX RSI is @ respectable 60.58....semiconductor chip shortage is playing heavily.

Most surprising impact of COVID-19 is Chips shortage which may last for another full year until it is normalized.

Other surprising and serious thing is sky rocketing " freight charges " which is impacting every item from groceries to cars to machinery....this may take another 6 months minimum before it eases a bit...

Delta variant is playing havoc everywhere and a new variant is on the way which is 5 times more intense and spreads fast, rumor has it current vaccine does not work on this new variant from Africa.

Looks like stay home may have more room to run and recovery or reopen may be slower than anticipated.

Under these circumstances, a broadly diversified portfolio with a heavy dose of patience plus conviction is the only answer.

Looks like all investing thesis is being put to quick challenge with emerging variant, chip shortage & high high freight charges.

So shop wisely for any consumable items and have ample stock @ hand as prices are going higher.

Inflation is here to stay like it or not.

Gasoline prices are @ its highest level which is another surprise.

All in all lot of challenges for world economy and investors / traders.

Play it safe and be happy with small victories and cherish it.

Good luck with your own thesis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed.....

 Indices closed mixed with intraday new all time highs in Nasdaq & S&P 500. Today's jobs data missed by a mile but market understood Delta variant can cause these misses every so often. Internals were negative.

S&P 500 @ 4535.43, low 4521.30, high 4541.45

RSI @ 66.22

CMF @ 0.220

Internals were :

Down volume led by 1.61 to 1 in NYSE & 1.16 to 1 in Nasdaq

Declining stocks led by 1.30 to 1 in NYSE & 1.38 to 1 in Nasdaq

Net new 52 wk highs were leading by 292 in NYSE & 138 in Nasdaq

VIX unchanged @ 16.41

Oil @ $69.29

Gold @ $1833.70

Canadian $ @ .7472

Stocks which were UP 1% or more included AG CCJ TECK SQ

CRM LSPD TSM BMBL PYPL SNAP PAAS MGNI AI MSTR

PANW GOOS ZI PLAN KL ZM CRWD ESTC NTAP MRNA

TWLO AEM LRCX AMAT.....

Here is my portfolio weighting ;

HST       25.13%

CNX      21.63%

UAL      11.97%

WEED   10.75%

XPEV      8.01%

MGM      7.35%

NCLH     6.38%

RIOT      4.95%

PLTR     3.83%

Next post by Monday 6 PM

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .14% to .37%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4536.95, high 4545.85, low 4524.66

RSI @ 66.63

CMF @ 0.215

Internals were :

UP volume led by 2.06 to 1 in NYSE & 2.05 to 1 in Nasdaq

Advancing stocks led by 1.98 to 1 in NYSE & 1.70 to 1 in Nasdaq

Net new 52 wk highs were leading by 278 in NYSE & 206 in Nasdaq

VIX UP 1.86% @ 16.41

Oil @ $69.99

Gold @ $1811.50

Canadian $ @ .7436

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included

CNX WEED NCLH PLTR UAL 

AFRM NIO SU CNQ SLB OXY LNG

CCJ GE TECK APA LSPD ACB TLRY

NVTA BMBL WYNN GAN LAC CCL

MGNI FCX DKNG SNOW LYFT UBER

PLAN KL CIEN DAL MTCH CVX BA

ASML DDD JKS SOL MGA....

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed UP with S&P 500 and Nasdaq making a new all time high. Unemployment claims came in lower than expected which bodes well for tomorrow's jobs report. Internals were positive. Restart stocks were strong today and may do the same IF jobs report is better than expected.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4524.09, high 4537.11, low 4522.02

RSI @ 64.91

CMF @ 0.257

Internals were :

UP volume led by 1.24 to 1 in NYSE & 1.50 to 1 in Nasdaq

Advancing stocks led by 1.66 to 1 in NYSE & 1.41 to 1 in Nasdaq

Net new 52 wk highs were leading by 308 in NYSE & 137 in Nasdaq

VIX Down 2.25% @ 16.11

Oil @ $68.59

Gold @ $1816.00

Canadian $ .7382

Portfolio CNX HST MGM WEED NCLH PLTR RIOT UAL XPEV

Stocks which were UP 1% or more included SOL RUN ENPH SPWR

CSIQ JKS CCJ BB TECK COIN TSM ROKU NVTA BMBL TWTR

FUBO CLF AI MSTR PINS LYFT UBER GOOS PLAN ESTC KBH

DHI PHM PDD JD MRNA ASML SPLK BABA DDD ...

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed mixed with Nasdaq making another new all time high. Internals were positive. Private Jobs data was much weaker than expected which will put pressure on Jobs report on Friday. Market may mark time until Jobs report. Look for opportunistic buys IF weakness continues.

BLOG does NOT give buy or sell.

Saleem