Will write BLOG from Friday the 19th November....

 Got in last night from Michigan, not feeling well @ all.

Hoping to write BLOG from this Friday around 7 PM...

Thanks Stocktrader1996 for your comments, recap and rationale for your trading activity

Saleem

US stock market a runaway bull market...

 US stock market has not given this clear signal for a major bull market since 1999 for Y2K stampede.

There was tremendous fear back then as to what will happen to all computers because of famous four digits 2000.....

Lot of selling took place as all computers were facing imminent problems due to 1999 turning into 2000...midnight was feared the most on the eve of Y2K....

As we all know that it was the biggest bull run which took place in whole 1999 many stocks went into valuation which made no sense, NO SALES ZERO HOPE for profit all valuations were based on eyeballs.

Most were technology companies....many went bust many survived...

NOW

Due to COVID-19 many industries or sectors came to a full stop like ZERO business like cruise lines...many business went to 10% of business in shutdown around the world like Airlines, Casinos, Hotels, Ride Sharing....

This was a horrendous drop in business for many many Industries.....

SO...NOW we are getting back to normalcy in all of those above mentioned Industries.....

SO from major losses and raised financing to survive....these industries are going to be profitable from NOW to 2nd half of 2022.....

This slow improvement in profitability will show in major averages going forward.....

All major averages have already made series of new highs, those were the result of most Technology companies became mega success story of @ home trend.....

NOW the trend is reversing.....technology is taking a back seat while restart economy stocks will be in vogue for many years.....

Rethink your strategy and allocate appropriately....

Good luck with your own comfort level!

I am away for 1 week to meet my mother in Michigan USA, hopefully Stocktrader1996 will update his thought, strategy and trades under message of this page. His rationale for all buys & sell is based on solid research and timing. Have know him since heady days of Yahoo message boards which was bigger than current well advertised wallstreet page / message board...those were the days of 1996...thus his handle reflects that!

BLOG does NOT give buys or sell.

Saleem

Indices closed UP .20% to .56%....NICE !!!!

 Indices closed UP near high of the day & in new all time highs. Jobs report cheered everyone up and restart stocks took off. Most sectors participated in today's run for the roses. Internals were all positive.

RSI @ 76.39

CMF @ 0.370

Internals were :

UP volume led by 2.09 to 1 in NYSE & 1.19 to 1 in Nasdaq

Advancing stocks led by 2.16 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk highs were leading by 484 in NYSE & 352 in Nasdaq

VIX UP 6.74% @ 16.48

Oil @ $81.27

Gold @ $1816.80

Canadian $ @ .7556

Stocks which were UP 3% or more included CNX MGM NCLH UAL

AG GE BYD JBLU SAVE TRIP RCL WYNN LVS QCOM CNQ

AAL CCL PINS PFE GOLD LYFT GOOS DAL UBER DDOG

LITE EAT ELF EXPE FSR MA V.....

Here is my portfolio weighting :

HST      23.52%

CNX     22.29%

MGM   17.91%

UAL    11.25%

SNAP 10.90%

XPEV  7.70%

NCLH 6.43% 

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4680.06, high 4683.00, low 4662.59

RSI @ 75.04

CMF @ 0.361

Internals were :

Down volume led by 1.95 to 1 in NYSE & .96 to 1 in Nasdaq

Declining stocks led by 1.12 to 1 in NYSE & 1.23 to 1 in Nasdaq

Net new 52 wk highs were leading by 386 in NYSE & 320 in Nasdaq

VIX UP 2.25% @ 15.44

Oil @ $78.81

Gold @ $1793.50

Canadian $ @ .7536

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 1% or more included XPEV

AFRM MU SU LULU APA CRM TSM MRVL

QCOM AMD SNOW NXPI GOOS ZI PLAN

SHOP CIEN MTCH CRWD ESTC DDOG 

LITE EAT TER DHI PHM NKE LSCC

ASML NVDA MCD FB TSLA LRCX

AMZN AMAT GOOG LAC NIO 

AMAT MA CMG....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed mixed but made new all time highs in DOW, S&P 500  and Nasdaq either on a closing basis or intraday basis. Internals were mixed. After hours earnings report were mostly negative but since it is a powerful bull market, effect of bad earnings does not last long, they always see silver lining somewhere. It is about jobs report @ 830 AM, it should be better than expected which should change gloom into happy hour again.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .29% to 1.04%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4660.57, high 4663.46, low 4621.19

RSI @ 73.47

CMF @ 0.305

Internals were :

UP volume led by 2.21 to 1 in NYSE & 2.06 to 1 in Nasdaq

Advancing stocks led by 2.01 to 1 in NYSE & 2.10 to 1 in Nasdaq

Net new 52 wk highs were leading by 401 in NYSE & 310 in Nasdaq

VIX Down 5.80% @ 15.10

Oil @ $80.86

Gold @ $1763.90

Canadian $ @ .7578

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 2% or more included HST UAL

BB HOOD AFRM RIOT CCJ COIN M BYD JBLU

SAVE BMBL RCL QCOM QRVO AAL AI MSTR 

DASH AMD LYFT UBER NXPI MTCH KBH 

ASML TSLA AMZN BABA QS JWN JKS

WYNN OSTK ULTA NKE TLRY.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE closed UP after Fed statement confirmed that their policy is as verbalized over & over, skeptics had to cover their short or joined the party as we closed @ high of the day with a brand new all time highs in DOW, S&P 500 & Nasdaq. Internals were positive. Oil along with many things coming down to test their support, even US housing does not look too hot lately.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .34% to .39%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4630.65, high 4635.15, low 4613.34

RSI @ 70.86

CMF @ 0.309

Internals were :

UP volume led by .67 to 1 in NYSE & 1.23 to 1 in Nasdaq

Advancing stocks led by .92 to 1 in NYSE & 1.02 to 1 in Nasdaq

Net new 52 wk highs were leading by 305 in NYSE & 240 in Nasdaq

VIX Down 2.32% @ 16.03

Oil @ $83.91

Gold @ $1789.40

Canadian $ @ .7578

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 2% or more included BITO RIOT AFRM

AI MSTR PFE GOOS CIEN NVAX LITE MRNA NVDA

JWN OSTK.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE ignored all the noise about upcoming Fed policy decision on Wednesday @ 2 PM and closed near high of the day and @ new all time highs in DOW, S&P 500 & Nasdaq. Fed policy statement will be the biggest non-event as everything is known even all the steps of how when & how many interest rate hikes in 2022 which is 2 hikes which will bring Fed funds rate to a sky high .75% which this entire universe wishes for. Friday's job report may be a better indicator of how many Americans are willing to work for wages.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .18% to .63%....NICE !!!

 Indices closed UP.

S&P 500 @ 4613.67, high 4520.34, low 4595.06

RSI @ 69.27

CMF @ 0.288

Internals were :

UP volume led by 3.94 to 1 in NYSE & 2.76 to 1 in Nasdaq

Advancing stocks led by 2.84 to 1 in NYSE & 3.05 to 1 in Nasdaq

Net new 52 wk highs were leading by 307 in NYSE & 257 in Nasdaq

VIX UP .92% @ 16.41

Oil @ $84.05

Gold @ $1795.80

Canadian $ @ .7641

Portfolio CNX HST MGM SNAP XPEV NCLH UAL

Stocks which were UP 4% or more included NCLH UAL BB

SOL CGC M VUZI SAVE ROKU NVTA RCL WYNN CCL

FUBO BIDU GAN PENN JD NVAX BZUN TSLA SOFI

DDD API AMD LVS TLRY....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE surprised many by closing near high of the day, DOW, S&P 500, Nasdaq closed @ new all time high. Russell 2000 jumped the most and is staring @ new all time high, talk of confirmation from every major index, it is happening. Internals were very strong. Too many skeptics and shorts being caught off guard with their simplistic theory, its Fed tapering week thus indices will collapse, guess what, it is all priced in no surprise there.

BLOG does NOT give buy or sell.

Saleem