Indices closed mixed....

 Indices closed mixed . Internals were weak.

S&P 500 @ 4382.78, high 4391.20, low 4359.76

RSI @ 60.25

Internals were :

Down volume led by 2.00 to 1 in NYSE & 1.66 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.66 to 1 in Nasdaq

Net new lows were leading by 33 in NYSE & 153 in Nasdaq

VIX Down 2.43% @ 14.45

Oil @ $75.33

Gold @ $1957.80

Canadian $ @ .6197

In my portfolio :

Sold SHOP in Toronto @ $86.49

Added 140% LYFT @ $10.88

Added 25% PLTR @ $18.42

Portfolio AI LYFT META MSFT NVDA PLTR SNAP TSLA

TAPE is struggling in deep overbought conditions.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .17% to .90%...NICE !!!!

 Indices closed UP 7th day in a row while Nasdaq was UP lucky 8 times. Russell 2000 missing this party.

S&P 500 @ 4378.38, high 4386.26, low 4355.41

RSI @ 59.85

Internals were :

Down volume led by 1.68 to 1 in NYSE & .62 to 1 in Nasdaq

Declining stocks led by 1.24 to 1 in NYSE & 1.05 to 1 in Nasdaq

Net new lows were leading by 11 in NYSE & 100 in Nasdaq

VIX Down .54% @ 14.81

Oil @ $77.37

Gold @ $1973.50

Canadian $ @ .6226

Portfolio AI LYFT META MSFT NVDA PLTR SNAP SHOP TSLA

Market is looking overbought, It may be a good idea to trim some gains.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .10% to .30%...NICE !!!!

 Indices closed UP for 6th day but Internals were negative.

S&P 500 @ 4365.98, high 4372.21, low 4347.53

RSI @ 58.75

Internals were :

Down volume led by 3.27 to 1 in NYSE & 2.29 to 1 in Nasdaq

Declining stocks led by 2.34 to 1 in NYSE & 1.77 to 1 in Nasdaq

Net new highs were leading by 21 in NYSE & lows by 67 in Nasdaq

VIX Down .13% @ 14.89

Oil @ $80.82

Gold @ $1986.40

Canadian $ @ .6333

Portfolio AI LYFT META MSFT NVDA PLTR SNAP SHOP TSLA

We closed near high of the day, Russell 2000 was the sole downer.

BLOG does NOT give buy or sell.

Saleem

US stock market 5 days Bull run....

 US stock market, the-most unpredictable place on planet earth, did the unexpected AGAIN.....

Last 5 days saw the biggest bull run for 2023 & maybe BEYOND.....

How good was the 5 day bull run, here is the stat for select Indices/ Sectors/ Stocks :

DOW                UP 5.45%

S&P 500          UP 6.21%

QQQ                UP 7.40%

Nasdaq            UP 7.45%

Russell 2000   UP 7.93%

SOX                UP 9.62%

ARKK             UP 19.79%

AI                   UP 22.86%

PLTR             UP 30.45%

SHOP            UP 35.09%

ROKU           UP 54.03%

These stats speeds UP our strategy for Investing $....

Technology investing has remained " extremely profitable "

Broader the base IS, narrower is our gain....DOW UP 5.45%

Narrower the base like single stock, higher is gain IF you chose the-best performing stock like ROKU which is UP whopping 54.03%

BUT IF you choose middle of the road like ARKK, your gain is still stunning 19.79%

Among the established sector SOX was the leader with a gain of 9.62%...pretty good for 5 days exposure

Investing / trading is all about knowing what could happen with patience / conviction....

US stock market always goes through roller coaster motion DOWN 5 days and then UP 5 days...IF you stay put with most profitable Ideas.....results could be " outstanding "

For my strategy / patience / conviction....results are more than satisfying :

Last week UP 28.69%

YTD UP 102.82%

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .66% to 2.71%...NICE !!!!

 Indices closed higher again, notching the best week of 2023.S&P 500, Nasdaq, DOW , SOX & XHM all closed above 50 DMA.

S&P 500 @ 4358.34, high 4373.62, low 4334.23

RSI @ 58.09

Internals were :

UP volume led by 4.52 to 1 in NYSE & 3.36 to 1 in Nasdaq

Advancing stocks led by 5.55 to 1 in NYSE & 3.53 to 1 in Nasdaq

Net new highs were leading by 92 in NYSE & lows by 32 in Nasdaq

VIX Down 4.79% @ 14.91

Oil @ $80.51

Gold @ $1999.20

Canadian $ @ .6326

In my portfolio...Bought SNAP @ $10.70

Here is my portfolio weighting :

SHOP       16.31%

AI             15.57%

NVDA      14.00%

PLTR      11.76%

MSFT     11.53%

TSLA      10.78%

LYFT       8.70%

META      7.59%

SNAP       3.76%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.70% to 2.56%...NICE !!!!

 Indices closed @ high of the day, capping 4 says of outsized gains in most stocks.

S&P 500 @ 4317.78, high 4319.72, low 4268.26

RSI @ 54.51

Internals were :

UP volume led by 8.85 to 1 in NYSE & 3.96 to 1 in Nasdaq

Advancing stocks led by 7.30 to 1 in NYSE & 3.16 to 1 in Nasdaq

Net new lows were leading by 5 in NYSE & 118 in Nasdaq

VIX Down 7.17% @ 15.66

Oil @ $82.46

Gold @ $1993.60

Canadian $ @ .6260

In my portfolio...Bought MSFT in Toronto @ $25.82

Portfolio AI LYFT META MSFT NVDA PLTR SHOP TSLA

Market Internals were super strong which is very good for near term action.

In my portfolio SHOP & PLTR had great earnings & guidance considering a very challenging business environment gaining 22.36% & 20.51%....

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .45% to 1.64%....NICE !!!!

 Indices closed near high of the day for 3 days in a row.

S&P 500 @ 4237.86, 4245.64, low 4197.74

RSI @ 46.09

Internals were :

UP volume led by 1.46 to 1 in NYSE & 1.62 to 1 in Nasdaq

Advancing stocks led by 2.36 to 1 in NYSE & 1.17 to 1 in Nasdaq

Net new lows were leading by 152 in NYSE & 305 in Nasdaq

VIX Down &.00% @ 16.87

Oil @ $80.44

Gold @ $1987.50

Canadian $ @ .6115

Portfolio AI LYFT META NVDA PLTR SHOP TSLA

Stocks went into bullish mode as Fed Chief was " less hawkish "

BLOG does NOT give buy or sell.

Saleem