Indices closed down .03% to .51%....

 Indices closed down after a huge miss on Jobs creation. Market however behaved in a manner which gives confidence despite that " all is well ".....Market closed near low of the day with Internals slightly negative.

S&P 500 @ 4391.34, low 4386.22, high 4412.02

RSI @ 48.49

CMF @ -0.149

Internals were :

Down volume led by .92 to 1 in NYSE & 1.24 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new 52 wk high were leading by 79 in NYSE & lows by 36 in Nasdaq

VIX Down 3.94% @ 18.77

Oil @ $79.35

Gold @ $1757.40

Canadian $ @ .7520

Stocks which were UP 1% or more included CNX

AFRM SU AG TECK APA M FSLR CSIQ CNQ

SCHW MSTR BIDU BABA JD ESTC CVX

QS OXY SLB JKS LVS MGA ORCL OSTK.....

Here is my portfolio weighting :

HST      23.85%

CNX     22.89%

MGM   17.89%

UAL     11.87%

XPEV    7.07%

NCLH   6.36%

RIOT    6.24%

SOL     3.83%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .83% to 1.05%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4399.76, high 4429.97, low 4383.73

RSI @ 49.47

CMF @ -0.166

Internals were :

UP volume led by 3.36 to 1 in NYSE & 1.96 to 1 in Nasdaq

Advancing stocks led by 2.50 to 1 in NYSE & 2.48 to 1 in Nasdaq

Net new 52 wk highs were leading by 99 in NYSE & 14 in Nasdaq

VIX Down 6.95% @ 19.54

Oil @ $78.30

Gold @ $1759.20

Canadian $ @ .7450

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 2% or more included CNX SOL XPEV

NIO SU CCJ TECK CLF FCX SQ APA LSPD BMBL MRVL 

FSLR SPWR ENPH RUN TWTR SNAP MGNI FUBO MSTR

BIDU JD PDD BABA PINS AMD PENN SHOP ESTC NKE

BYND TWLO SPLK MGA OSTK.....

AH Futures UP

AH Asian Markets UP

AH Oil UP

AH Gold Down

About market, TAPE remained green whole day and closed UP for 3 days in a row. Budget compromise is the key to keep this market moving north. Internals were mostly positive. All sectors participated in today's rally. Oil staying @ multi year high and Natural gas @ 7 tear high. Gasoline prices are in neverland will hit everyone.

BLOG does NOT give buy or sell

Saleem

Indices closed UP .30% to .47%...NICE !!!!

Indices closed UP.

S&P 500 @ 4363.55, high 4365.57, low 4290.49

RSI @ 45.07

CMF @ -0.194

Internals were :

Down volume led by 1.35 to 1 in NYSE & .69 to 1 in Nasdaq

Declining stocks led by 1.31 to 1 in NYSE & 1.59 to 1 in Nasdaq

Net new 52 wk lows were leading by 91 in NYSE & 231 in Nasdaq

VIX Down 1.41% @ 21.00

Oil @ $77.43

Gold @ $1761.80

Canadian $ @ .7382

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 1% or more included RIOT

PLTR AFRM AG PAAS SQ PYPL CRM TRIP

M ROKU MRVL NVDA AMD TWTR MGNI 

FUBO  AI MSTR DASH SPWR JKS ENPH

SNOW PANW LYFT DOCU ZI SHOP TOL

MTCH CRWD DDOG ESTC AMZN MA

SPLK .....

AH Futures UP

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE was down about 450 DOW points then reversed on positive budget news and closed @ high of the day, this is a major reversal & confirmation of this UP move. Internals were mostly negative. Technology led the biggest movers today, a nice change from last week.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .92% to 1.25%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4345.72, high 4369.23, low 4309.87

RSI @ 42.79

CMF @ -0.222

Internals were :

UP volume led by 1.79 to 1 in NYSE & 1.27 to 1 in Nasdaq

Advancing stocks led by 1.45 to 1 in NYSE & 1.43 to 1 in Nasdaq

Net new 52 wk high were leading by 45 in NYSE & lows by 123 in Nasdaq

VIX Down 7.23% @ 21.30

Oil @ $78.93

Gold @ $1760.90

Canadian $ @ .7434

Portfolio CNX HST MGM XPEV NCLH RIOT SOL UAL

Stocks which were UP 2% or more included RIOT SOL XPEV

HOOD COIN AFRM SQ PYPL CGC ACB TLRY SU OXY

X ROKU BMBL MRVL TWTR FB SNAP CNQ SCHW 

CLF MSTR MSFT DOCU CRWD DDOG NVDA TWLO

NFLX JKS MGA ORCL MS....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE staged an oversold bounce, internals were mostly positive. We need a confirmation of today's move with a strong close on Wednesday, otherwise we go back to a weak TAPE. Covid-19 plus Delta variant has tendered a serious blow to world economic order, new problems have cropped up with no solution in sight.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .94% to 2.14%.....

 Indices closed down.

S&P 500 @ 4300.46, low 4278.94, high 4355.51

RSI @ 36.60

CMF @ -0.248

Internals were :

Down volume led by 1.21 to 1 in NYSE & 2.64 to 1 in Nasdaq

Declining stocks led by 1.92 to 1 in NYSE & 2.62 to 1 in Nasdaq

Net new 52 wk high were leading by 15 in NYSE & lows by 152 in Nasdaq

VIX UP 8.56% @ 22.96

Oil @ $77.62

Gold @ $1767.60

Canadian $ @ .7425

In my portfolio :

Sold PLTR @ $23.25

Sold LSPD @ $114.75 in Toronto

Sold 15% CNX @ $13.07

Bought SOL @ $6.31

Added 150% MGM @ $44.72

Portfolio CNX HST MGM RIOT XPEV NCLH SOL UAL

Stocks which were UP 1% or more included CNX

SU CNQ APA OXY SLB LNG TECK NEM 

VICR AEM .....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under selling pressure and took out recent lows. Mass selling in many technology stocks while Oil, Nat Gas Base metals & Gold help up well and saw buying rotation. Many are unwinding their allocation from popular technology names as they have been overbought since pandemic.

BLOG does NOT give buy or sell.

Saleem

US stock market climbing wall of worries...

 US stock market has many worries to tackle...

Will Fed Governor stay or not

Supply chain disruption impacting whole world

China facing energy issues

Natural Gas UP 100.97% YTD.....

Inflation is rampant around the world...

Winter is coming, will add to more cost to consumers..

Gasoline UP 91.46% in last 12 months...

Grocery items doubling on many items in last 12 months...

Pandemic is finally taking a toll in everyone wallet....

Fed is losing inflation battle....may have to react quicker and with more intensity.

Reopen of world economy is passing all added cost to end user.....

Stock market has been gyrating to reflect all of the above....

Rotation has taken hold.....

Reopen stocks are breaking out.....Airlines first to do so....

Technology approach of  " buy & hold " will not work....

Technology will take a back seat

By the time reopen catches UP fully...that is a 2 year cycle going forward...

Markets have changed...

Go with " new flow of reopen "

Bitcoin to the moon...is the-new slogan

Airlines, Cruise lines, Gaming, Hotels, Energy stocks are in vogue NOW

Please go back to drawing board and adjust your portfolio to " reopen stocks "

Markets will remain volatile until Fed gets going on Tapering.....

Good luck with your own take on past vs future..

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .82% to 1.43%...NICE !!!!

 Indices closed near upper end of range. WE went below recent lows and found support with buyers picking up bargains to make a complete reversal.

S&P 500 @ 4357.04, high 4375.19, low 4288.52

RSI @ 41.86

CMF @ -0.214

Internals were :

UP volume led by 3.73 to 1 in NYSE & 1.10 to 1 in Nasdaq

Advancing stocks led by 2.17 to 1 in NYSE & 1.63 to 1 in Nasdaq

Net new 52 wk high were leading by 10 in NYSE & lows by 74 in Nasdaq

VIX Down 8.60% @ 21.15

Oil @ $75.88

Gold @ $1758.40

Canadian $ @ .7337

Stocks which closed UP 2% or more included HST MGM NCLH UAL

GE BYD PENN DKNG GAN WYNN LVS JBLU SAVE AAL TRIP 

BMBL RCL TWTR SCHW MSTR PINS IBM SPWR JKS ENPH

SEDG MSFT LYFT UBER DAL ZM DDOG CVX OXY SLB EAT

BA EXPE GOOG YELP MA V ORCL....

In my portfolio....Sold WEED @ $16.88 & $16.90

Added 100% LSPD @ $121.40 & 80% RIOT @ $26.36

Here is my portfolio weighting :

CNX      24.23%

HST      23.81%

UAL     12.15%

LSPD  10.33%

MGM   7.08%

NCLH  6.70%

XPEV  6.53%

RIOT   6.17%

PLTR  3.00%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem