Indices closed UP .36% to .67%...NICE !!!

 Indices closed near high of the day despite hotter than jobs report & higher treasury yields. In bull market " all is well by close "

S&P 500 @ 4604.37, high 4609.23, low 4574.06

RSI @ 69.29

Internals were :

UP volume led by 2.07 to 1 in NYSE & .92 to 1 in Nasdaq

Advancing stocks led by 1.35 to 1 in NYSE & 1.25 to 1 in Nasdaq

Net new highs were leading by 209 in NYSE & 38 in Nasdaq

VIX Down 5.44% @ 12.35

Oil @ $71.23

Gold @ $2014.50

Canadian $ @ .6398

Here is my portfolio weighting :

CNQ         22.52%

GDXJ       18.41%

MSFT      13.51%

NVDA     10.63%

SHOP     10.48%

META     7.44%

LSPD     7.38%

ABX       6.07%

SOFI     2.05%

MUX     1.51%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .17% to 1.37%...NICE !!!

 Indices closed near high of the day with most sector participating in this near record high close.

S&P 500 @ 4585.59, high 4590.92, low 4565.22

RSI @ 67.25

Internals were :

UP volume led by 1.96 to 1 in NYSE & 1.37 to 1 in Nasdaq

Advancing stocks led by 2.19 to 1 in NYSE & 1.58 to 1 in Nasdaq

Net new highs were leading by 74 in NYSE & lows by 23 in Nasdaq

VIX UP .69% @ 13.06

Oil @ $69.34

Gold @ $2046.90

Canadian $ @ .6400

In my portfolio 

Sold AI $27.00

Bought ABX @ $23.40 in Toronto

Added 100% MSFT @ $27.30 in Toronto

Bought LSPD @ $16.48

Added 100% GDXJ @ $37.21

Added 100% CNQ @ $61.99

Bought MUX @ $ 9.96 in Toronto

Portfolio ABX CNQ LSPD META MUX MSFT NVDA SHOP SOFI GDXJ

Todays TAPE was very convincing and ready to make series of new highs.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .19% to .58%...

 Indices reverses lower by close. Internals were mixed.

S&P 500 @ 4549.34, low 4546.50, high 4590.74

RSI @ 62.81

Internals were :

UP volume led by .86 to 1 in NYSE & 1.34 to 1 in Nasdaq

Advancing stocks led by 1.01 to 1 in NYSE & .92 to 1 in Nasdaq

Net new highs were leading by 179 in NYSE & 31 in Nasdaq

VIX UP .93% @ 12.97

Oil @ $69.38

Gold @ $2045.50

Canadian $ @ .6415

In my portfolio :

Sold PLTR @ $17.35

Added 20% AI @ $29.50

Sold LSPD @ $22.76 in Toronto

Bought LSPD @$22.62 in Toronto

Bought SHOP @$97.10 in Toronto

Portfolio AI CNQ META MSFT NVDA SOFI GDXJ LSPD SHOP

Market is very jittery and unpredictable to news or events these days. I may reposition my portfolio for next year based on what I feel is happening. AI earnings report was a mixed bag beat on EPS by 5 cents but missed revenue by $1.1 million, guiding lower than consensus.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed with Nasdaq in green.

S&P 500 @ 4567.18, low 4551.68, high 4578.56

RSI @ 66.96

Internals were :

Down volume led by 3.79 to 1 in NYSE & 1.95 to 1 in Nasdaq

Declining stocks led by 2.00 to 1 in NYSE & 1.92 to 1 in Nasdaq

Net new highs were leading by 108 in NYSE & 19 in Nasdaq

VIX down 1.76% @ 12.85

Oil @ $72.32

Gold @ $2038.30

Canadian $ @ .6417

Portfolio AI CNQ META MSFT NVDA PLTR SOFI GDXJ LSPD

Internals were really weak on a mixed day. Treasury yield eased up again.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .11% to .84%.....

 Yield rose and big tech took a tumble. Russell 2000 was super strong again with a gain of 1%...

S&P 500 @ 4569.78, low 4546.72, high 4572.37

RSI @ 67.56

Internals were :

UP volume led by 1.03 to 1 in NYSE & 1.94 to 1 in Nasdaq

Advancing stocks led by .90 to 1 in NYSE & 1.20 to 1 in Nasdaq

New highs were leading by 210 in NYSE & 87 in Nasdaq

VIX UP 3.56% @ 13.08

Oil @ $73.04

Gold @ $2028

Canadian $ @ .6457

In my portfolio :

Sold 50% NVDA in Toronto @ $43.15

Added 40% PLTR @ $18.52

Portfolio AI CNQ META MSFT NVDA PLTR SOFI GDXJ LSPD

Internals were mostly positive which bodes well for near term positive action, these pullbacks are very healthy every so often.

BLOG does NOT give buy or sell.

Saleem

US stock market has momentum....

 US stock market has found bull thanks to crashing treasury yield.....

Tumbling treasury yield means borrowing cost of Corporation, Consumers & Government all coming down....

Home buyers, line of credit, all will benefit with lower Interest rates...

BUT BUT Fed is behind the curve as usual.....

Market has given its verdict where interest rates are headed in 2024.....LOWER is the word....

This has given big boost to small cap which has been crucified in this go go top 7 Nasdaq stocks....

NOW Nasdaq 7 are taking a well deserved nap for 2 days....that Nap is over....

Nasdaq big 7 should come back with a roar NOW

Wall Street is an interesting place, either you are ahead of the crowd or way behind IF there is no conviction or patience

Chasing sectors / stocks usually gives sub par results....

IF not ahead of the pack @ least be with the pack....

YES...small cap will do the most in current scenario as they have a long way to making new highs....

SO

A mix of small cap stocks & Nasdaq 7 is an ideal combo in an aggressive portfolio....

Oil stocks are ready to join the party as growth returns to the world.....

GDP has seen the lows worldwide as stock prices are running ahead of fundamentals as they see good growth ahead 6 months out.....

SO...look @ your portfolio, adjust weighting or add new ones or switch.....all should be done quickly to catch the wave....

Good luck with your own take on world economy, Interest rate trend and your own comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .55% to 2.96%...NICE !!!

 Indices rocketed UP as treasury yield tumbled to 4.20% area. Russell 2000 had one of the best bullish action.

S&P 500 @ 4594.63, high 4599.39, low 4554.71

RSI @ 73.44

Internals were :

UP volume led by 6.58 to 1 in NYSE & 3.72 to 1 in Nasdaq

Advancing stocks led by 5.93 to 1 in NYSE & 3.32 to 1 in Nasdaq

Net new highs were leading by 305 in NYSE & 62 in Nasdaq

VIX Down 2.24% @ 12.63

Oil @ $74.07

Gold @ $2089.70

Canadian $ @ .6501

Here is my portfolio weighting :

AI           29.52%

NVDA    18.62%

PLTR     14.85%

CNQ      10.81%

GDXJ     8.79%

META     6.42%

MSFT     5.97%

LSPD     3.27%

SOFI      1.75%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem