Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3992.01, high 4000.41, low 3969.76

RSI @ 46.23

CMF @ -0.034

Internals were :

Down volume led by 1.04 to 1 in NYSE & 1.10 to 1 in Nasdaq

Declining stocks led by 1.02 to 1 in NYSE & 1,14 to 1 in Nasdaq

Net new lows were leading by 25 in NYSE & 131 in Nasdaq

VIX Down 2.45% @ 19.11

Oil @ $76.66

Gold @ $1818.60

Canadian $ @ .6213

In my portfolio added 300% AI @ $24.65

Portfolio ARKK AI LCID SHOP

Stocks which closed UP 2% included SHOP

MRVL NIO NTR HOOD MU X SAVE TSM

SWKS AMD NXPI CIEN CRWD LITE TER

DHI LSCC NVDA LRCX OXY.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was under pressure with 2nd day of testimony where Fed Chief back tracked some of his hawkish line by saying nothing is pre determined in terms next hike and every decision is data dependent. Today's hotter private jobs hiring may be more than offset a very weak jobs report on Friday ( my guess of course )

BLOG does NOT give buy or sell.

Saleem

Indices closed down 1.25% to 1.72%....

 Indices closed down.

S&P 500 @ 3986.37, low 3980.31, high 4050.00

RSI @ 45.51

CMF @ -0.012

Internals were :

Down volume led by 6.60 to 1 in NYSE & 2.77 to 1 in Nasdaq

Declining stocks led by 4.0 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new lows were leading by 12 in NYSE & 89 in Nasdaq

VIX UP 5.27% @ 19.59

Oil @ $79.58

Gold @ $1820.00

Canadian $ @ .6258

In my portfolio :

SOLD 50% LCID @ $8.55

Bought AI @ $26.20

Portfolio ARKK AI LCID SHOP

Following stocks closed green

TTD RBLX UAL SNAP FSLR

BYD SAVE AAL DASH AMD

DKNG SNOW LYFT DOCU

UBER KBH ELF OSTK ULTA

CMG....

AH Futures Down

AH Asian Markets Mixed 

AH Oil & Gold Down

About market, TAPE was a sell sell sell on new hawkish testimony by Fed chief in Senate which will be elaborated further in House on Wednesday. We may get another half day selling which may present buying opportunity. Get your buy program ready for noon.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4048.42, high 4078.49, low 4044.61

RSI @ 52.63

CMF @ 0.035

Internals were :

Down volume led by 2.18 to 1 in NYSE & 1.23 to 1 in Nasdaq

Declining stocks led by 1.69 to 1 in NYSE & 1.91 to 1 in Nasdaq

Net new highs were leading by 81 in NYSE & 2 in Nasdaq

VIX UP .65% @ 18.61

Oil @ $80.46

Gold @ $1854.60

Canadian $ @ .6391

In my portfolio added 40% SHOP @ $43.84

Portfolio ARKK LCID SHOP

Stocks which closed UP included SHOP

RUN FSLR CSIQ SPWR ENPH SEDG

JKS JD NCLH SNAP PYPL MU GE

AAPL RCL DKNG CSIQ MSFT

CIEN ZM CRWD CVX MRNA

MCD SPLK EXPE GOOG MA

ORCL MCD ULTA V....

AH Futures UP

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed mixed with Nasdaq showing weakness. It IS all about Fed Chief testimony for 2 days, we may get a surprise quip which may affect this jittery TAPE, the question IS, It may be a instant reaction then stability. Wednesday usually is a repeat of same same and market may resume its uptrend.

BLOG does NOT give buy or sell.

Saleem

US Stock market in bull mode again.....

 US stock market, goes from testing & violating support over & over....

SO we go from " all is clear " to " retest of support "

SO bears are so entrenched in their thesis, they are very vocal & sure, we will hit new lows..

BUT we keep defying everybody...bull or bear...and hanging precariously between those 2 extreme conclusion

AS we say ..Market is always right....so we are stuck in a very narrow trading range

It has become a trading market until Fed pivots...that may be few months away...

Jobs report shows continued sign of strength keeps the Fed Funds rate higher for long approach

About market, we may have few days of positive TAPE but may reverse course on first sign of economic strength or inflation.

SO be nimble take profit when you see .....

In case you are wondering, I practice what I preach.....

Once I hit my sell target, I exit....

This market remains very difficult for every type of Investor or trader.

I get very bullish when we are testing support BUT quickly book profit @ first chance, which is keeping me ahead.

How you play this market Is for you to figure out, It Is never smooth ceiling

Make sure your strategy to keep stocks are on sound fundamental reasons NOT wishful thinking.

Money needs to deployed with great care and for productive strategy, case in point SHOP & MRVL earnings both disappointed BUT I kept & added SHOP BUT Sold MRVL...based on fundamentals and my take of that sector....

SO no straight formulae can be deployed....be flexible and read earnings report for direction...

In the end, nobody is right or wrong...as long as you are protecting capital & better IF you are making money then, you have the right strategy.

Good luck with your own strategy and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.17% to 1.97%...NICE !!!!

 Indices closed strong on successful retest of support in major Indices. Indices closed @ high of the day recapturing key technical levels.

S&P 500 @ 4045.64, high 4048.29, low 3995.17

RSI @ 52.32

CMF @ 0.035

Internals were :

UP volume led by 1.63 to 1 in NYSE & 4.07 to 1 in Nasdaq

Advancing stocks led by 4.53 to 1 in NYSE & 2.36 to 1 in Nasdaq

Net new highs were leading by 107 in NYSE & 32 in Nasdaq

VIX Down 5.62% @ 18.49

Oil @ $79.68

Gold @ $1854.60

Canadian $ @ .6387

Stocks which were UP 3% or more included ARKK LCID SHOP AI

RUN EXAS RBLX NCLH SNAP NIO FSLR AAPL PAAS LAC

DASH PINS SNOW DOCU ZI ESTC DDOG BYND META

TSLA AMZN SPWR BROS....

In my portfolio :

Sold AI @ $27.25

Added 150% LCID @ $8.90 to $8.95

Here is my portfolio weighting on 75% exposure :

SHOP       42.18%

ARKK      40.52%

LCID        17.30%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .73% to 1.05%...NICE !!!!

 Indices closed UP.

S&P 500 @ 3981.35, high 3990.84, low 3928.16

RSI @ 44.52

CMF @ 0.022

Internals were :

UP volume led by 1.62 to 1 in NYSE & 1.88 to 1 in Nasdaq

Advancing stocks led by 1.19 to 1 in NYSE & 1.10 to 1 in Nasdaq

Net new highs were leading by 12 in NYSE & lows by 71 in Nasdaq

VIX Down 4.81% @ 19.59

Oil @ $78.16

Gold @ $1840.50

Canadian $ @ .6380

In my portfolio :

Added 200% MRVL @ $44.80

Sold MRVL AH @ $42.25

Sold SOL @ $4.48

Added 10% AI @ $20.89

Portfolio ARKK AI LCID SHOP

Stocks which closed UP 2% or more included AI SHOP 

MGM RBLX XPEV NCLH CNX NTR MOS AFRM 

CRM M CLF DASH BIDU AMD INTC DOCU

CRWD UBER EAT BA BYND NVDA TWLO

NIO LVS BROS....

AH Futures Down

AH Asian Markets UP

AH Oil Down

AH Gold UP

About market, TAPE staged an oversold bounce but did not cross any technical hurdles. We definitely need a confirmation of another UP day. Sector rotation keeps playing daily and may continue. It IS becoming a traders market with maximum exposure of swing trading.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 3951.39, low 3939.05, high 3971.73

RSI @ 40.29

CMF @ 0.019

Internals were :

Down volume led by 1.17 to 1 in NYSE & 1.69 to 1 in Nasdaq

Declining stocks led by 1.32 to 1 in NYSE & 1.29 to 1 in Nasdaq

Net new highs were leading by 34 in NYSE & lows by 32 in Nasdaq

VIX Down .58% @ 20.58

Oil @ $77.69

Gold @ $1845.40

Canadian $ @ .6398

Portfolio ARKK AI LCID MRVL SHOP SOL

Stocks which closed green included MRVL SOL

MGM RBLX JD PDD BIDU JKS UAL NCLH

APA NTR MOS FSLR CCJ TECK CRM CNQ

WYNN FCX CSIQ SEDG EAT LRCX BABA 

SLB LNG LVS....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE closed mixed which showed weakness again. Nasdaq is extremely vulnerable to losing support which does NOT bode well for leadership of this market. Yes we are deeply oversold and we may get an oversold bounce by close. Internals were negative.

BLOG does NOT give buy or sell.

Saleem