Indices closed UP 1.07% to 2.25%...NICE !!!

 Indices closed UP.

S&P 500 @ 3859.11, high 3862.85, low 3799.44

RSI @ 57.77

CMF @ 0.030

Internals were :

UP volume led by 6.56 to 1 in NYSE & 7.53 to 1 in Nasdaq

Advancing stocks led by 5.35 to 1 in NYSE & 3.67 to 1 in Nasdaq

Net new lows were leading by 135 in NYSE & 84 in Nasdaq

VIX Down 4.66% @ 28.46

Oil @ $84.58

Gold @ $1658.00

Canadian $ @ .6380

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 4% or more ARKK PLTR SOL SOFI XPEV

PDD JKS RIOT MRVL RUN SPWR NIO AFRM PYPL LULU

SQ COIN BMBL MSTR DASH AMD DKNG SNOW LYFT

ZI TOL MTCH ZM DDOG KBH ENPH NVAX SEDG 

BYND NVDA META TSLA SPLK SNAP....

AH Futures Down

AH Asian Markets UP

AH Oil & Gold Down

About market, TAPE was in a bullish mode again thanks to good earnings report and lower yield. Internals were strong. Indices closed near high of the day again. After hours earnings report were weaker than expected MSFT, GOOG & TXN all were lower. Buy on weakness strong acting stocks.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .86% to 1.34%...NICE !!!

 Indices closed UP.

S&P 500 @ 3797.34, high 3810.74, low 3741.65

RSI @ 54.03

CMF @ -0.037

Internals were :

UP volume led by 1.38 to 1 in NYSE & 1.11 to 1 in Nasdaq

Advancing stocks led by 1.36 to 1 in NYSE & 1.03 to 1 in Nasdaq

Net new lows were leading by 400 in NYSE & 377 in Nasdaq

VIX UP .54% @ 29.85

Oil @ $84.58

Gold @ $1654.10

Canadian $ @ .6292

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included LSPD MGM SOFI UAL

NCLH RIOT APA SNAP AMAT FSLR MGA TJX SQ M

JBLU SAVE AAPL RCL TWTR SWKS AAL MSTR

PINS IBM PFE MSFT LYFT PENN DOCU DAL

CIEN CRWD UPS MRNA NVDA LRCX GOOG

SLB BROS MA......

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE closed higher & near high of the day despite extremely negative reaction for Chinese listed stocks , Solar & Macau gaming stocks. Internals were mostly positive. S&P 500 has quietly moved UP near 50 DMA and we may move higher this week, a positive sign of improving technicals and buying interest.

BLOG does NOT give buy or sell.

Saleem

Make or break week for US stock market....

 Lot of earnings, news this week which will set the direction of US stock market.

On news front most important will be China's delayed Q 3 GDP report which may show slowest growth this year....

US GDP is also will be released slower growth of the year

UK Prime Minister may be in place to fight rising inflation

Australian inflation data to come out which may show 30 year high inflation

Earnings from technology giants are in the card Alphabet, META, AMZN & AAPL most will show slowest growth in Sales, EPS & Margins.....

Non Technology stocks like CMG may show improving Sales & EPS....

ENPH in Solar can be the key for this sector

All of the above can be quite stressful to think clearly as of the direction or impact for stock market, most will be negative....

SO...the question IS.....

How do we adjust to a very heavy news week.....

By staying the course is the-best strategy

Stock market seems to be on the mend after 2 years of downward move....

As stock market looks 6 months ahead....It may be looking @ lowering of interest rates...

Current stressful scenario may turn into optimism...

World GDP may be on growth path...

Thus go through this rough patch with hope & future optimism about future bull market..

Good luck with your own take of current & future environment.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 2.31% to 2.47%...NICE !!!

 Indices closed near high of the day as yield backed off and positive sentiment prevailed for pivot by Fed after November hike. Most sectors participated in todays rally even Solar stocks got mini bid.

S&P 500 @ 3752.76, high 3757.89, low 3647.42

RSI @ 51.14

CMF @ -0.101

Internals were :

UP volume led by 5.22 to 1 in NYSE & 3.66 to 1 in Nasdaq

Advancing stocks led by 2.59 to 1 in NYSE & 2.03 to 1 in Nasdaq

Net new lows were leading by 644 in NYSE & 387 in Nasdaq

VIX Down .97% @ 29.69

Oil @ $85.05

Gold @ $1656.30

Canadian $ @ .6316

Stocks which were UP 3% or more included PLTR MGM UAL 

PDD NCLH RIOT MRVL HST APA SU AMAT MOS FSLR

TJX MU AG GE TECK COIN M X RCL QCOM QRVO SWKS

CNQ LAC SCHW CLF MSTR PENN CIEN ENPH NVAX

MRNA ASML TWLO AEM LRCX AMZN NFLX OXY

SLB WYNN LVS RH ORCL MS.....

Here is my portfolio weighting 

ARKK       27.95%

MGM        20.76%

UAL         20.25%

LSPD      11.05%

PLTR       9.22%

SOFI       6.30%

SOL        3.55%

XPEV       .92%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .30% to .80%....

 Indices closed down.

S&P 500 @ 3665.78, low 3656.44, high 3736.08

RSI @ 44.85

CMF @ -0.144

Internals were :

Down volume led by 1.44 to 1 in NYSE & .99 to 1 in Nasdaq

Declining stocks led by 2.11 to 1 in NYSE & 1.34 to 1 in Nasdaq

Net new lows were leading by 507 in NYSE & 304 in Nasdaq

VIX Down 2.54% @ 29.98

Oil @ $85.98

Gold @ $1634.68

Canadian $ @ .6279

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which were UP 3% or more included LSPD XPEV

SHOP CCL AG WYNN IBM PENN ZM

DDOG ASML TWLO LRCX LVS ORCL...

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH  Gold Down

About market, TAPE lost its upside momentum and closed lower on UK PM resignation, higher yield & Fed speak which was much more hawkish. AH earnings report from SNAP Down 27.06% was lower than revised Sales numbers which brought many advertisement related & social media stocks tanking. Solar stocks kept going down.

BLOG does NOT give buy or sell.

Saleem

Indices closed Down .33% to .85%...

 Indices closed down.

S&P 500 @ 3695.16, low 3666.51, high 3728.58

RSI @ 46.74

CMF @ -0.134

Internals were :

Down volume led by 2.96 to 1 in NYSE & 1.50 to 1 in Nasdaq

Declining stocks led by 3.28 to 1 in NYSE & 2.67 to 1 in Nasdaq

Net new lows were leading by 409 in NYSE & 271 in Nasdaq

VIX UP .85% @ 30.76

Oil @ $85.55

Gold @ $1634.20

Canadian $ @ .6215

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed green included UAL

MRVL QCOM QRVO ASML NVDA

LRCX AMAT CNX APA SU CVX

OXY SLB LNG CNQ SNAP MU

AAL DAL LAC MCD TSLA

SPLK NFLX OLED ....

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE came under minor selling pressure due to higher yield in USA. Internals were negative. Airlines & Semiconductors were strong as a group, Energy was strong as a group. Solar continues to sink towards new lows.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .90% to 1.14%...NICE !!!

 Indices closed UP.

S&P 500 @ 3719.98, high 3762.79, low 3686.53

RSI @ 48.33

CMF @ -0.176

Internals were :

UP volume led by 4.58 to 1 in NYSE & 2.73 to 1 in Nasdaq

Advancing stocks led by 2.70 to 1 in NYSE & 1.88 to 1 in Nasdaq

Net new lows were leading by 130 in NYSE & 82 in Nasdaq

VIX Down 2.77% @ 30.50

Oil @ $82.82

Gold @ $1655.80

Canadian $ @ .6207

Portfolio ARKK LSPD PLTR MGM SOL SOFI UAL XPEV

Stocks which closed UP 3% or more included SOFI UAL

PDD NCLH RCL CCL SHOP MOS AFRM GE CRM

M TRIP AAL MSTR PINS DKNG SNOW PANW

LYFT DOCU MTCH CRWD UBER ENPH 

SEDG DHI PHM TWLO BROS.....

AH Futures UP

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE continued its oversold bounce for day 2, Internals were mostly positive. Not all sectors participated today. After hours earnings were very good for NFLX & UAL which has lifted futures which entails a strong open. Good time to review your trades & make switch to better relative performers.

BLOG does NOT give buy or sell.

Saleem