Indices closed down .42% to .71%.....

 Indices closed down due to increase in Delta variant in USA and around the world plus weaker than expected earnings.

S&P 500 @ 4395.26, low 4389.65, high 4412.25

RSI @ 58.49

CMF @ 0.299

Internals were :

Down volume led by 2.51 to 1 in NYSE & .94 to 1 in Nasdaq

Declining stocks led by 1.43 to 1 in NYSE & 1.56 to 1 in Nasdaq

Net new 52 wk highs were leading by 234 in NYSE & 31 in Nasdaq

VIX UP 3.05% @ 18.24

Oil @ $73.95

Gold @ $1817.20

Canadian $ @ .7531

Stocks which closed green included RIOT XPEV

NIO HOOD M X FSLR JKS AMD NXPI ENPH

TER TSLA LRCX AMAT MRNA.....

Here is my portfolio weighting :

HST        26.16%

CNX       23.19%

UAL       12.79%

XPEV      8.60%

WEED    7.49%

MGM     6.85%

NCLH    6.58%

RIOT     5.01%

PLTR    3.33%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .11% to .44%...NICE !!!!

 Indices closed UP

S&P 500 @ 4419.15, high 4429.97, low 4403.59

RSI @ 63.09

CMF @ 0.373

Internals were :

UP volume led by 2.37 to 1 in NYSE & 1.21 to 1 in Nasdaq

Advancing stocks led by 2.34 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new 52 wk highs were leading by 292 in NYSE & 109 in Nasdaq

VIX Down 3.33% @ 17.70

Oil @ $73.62

Gold @ $1831.20

Canadian $ @ .7558

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 1% or more included HST XPEV

MU NIO GE TECK FCX CLF X MRVL QCOM QRVO

PAAS SWKS CNQ CVX AMD SPWR CSIQ SEDG

LYFT NXPI TOL ZM KBH DHI PHM TER TSLA

AEM DDD MA MGA CMG ....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE was strong whole day and closed UP, Internals were strong also. After hours earnings reports from AMZN was a major downer a huge miss, PINS, SWKS were no help either, futures are extremely weak, weakness on Friday could be bought in good earning stocks.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4400.64, high 4415.47, low 4387.01

RSI @ 60.87

CMF @ 0.380

Internals were :

UP volume led by 2.47 to 1 in NYSE & 3.87 to 1 in Nasdaq

Advancing stocks led by 1.85 to 1 in NYSE & 2.57 to 1 in Nasdaq

Net new 52 wk high were leading by 140 in NYSE & low by 3 in Nasdaq

VIX Down 5.42% @ 18.31

Oil @ $72.39

Gold @ $1799.70

Canadian $ @ .7432

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 3% or more included 

CNX WEED PLTR RIOT XPEV

SOL NIO AG BB ACB TLRY VUZI NVTA 

BMBL PAAS FUBO CLF DASH BIDU RUN 

SPWR CSIQ ENPH SEDG JKS AMD DKNG

 LYFT CRON PDD JD NVAX MRNA BA BZUN 

BABA DDD QS WB ....

AH Futures Mixed

AH Asian Markets UP

AH Oil & Gold UP

About market, TAPE was mixed @ close with Nasdaq being strong in anticipation of strong earnings BUT it was mostly baked in based on TAPE action in after hours. AMZN is the next big one after close on Thursday. This market remains treacherous on a daily basis rotation is in full swing. Internals were on the neutral side.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .24% to 1.21%.....

 Indices closed down.

S&P 500 @ 4401.46, low 4372.51, high 4416.38

RSI @ 61.02

CMF @ 0.371

Internals were :

Down volume led by 1.57 to 1 in NYSE & 2.01 to 1 in Nasdaq

Declining stocks led by 1.87 to 1 in NYSE & 2.64 to 1 in Nasdaq

Net new 52 wk high were leading by 51 in NYSE & low by 182 in Nasdaq

VIX UP 10.13% @ 19.36

Oil @ $71.65

Gold @ $1799.80

Canadian $ @ .7417

Portfolio CNX HST MGM NCLH PLTR RIOT WEED XPEV UAL

Stocks which closed green included GE FSLR CSIQ

GOLD NEM TOL TD KBH ELF DHI PHM

BZUN MCD AEM EXPE FFIV NFLX 

DDD CMG....

AH Futures Mixed

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was under selling pressure from pre market to close, reason stated was usual 10 year yield too low for everyone's comfort but technology not only did not benefit but was hardest hit today, so much for that theory. CDC was given blame for suggesting mask as precaution, can you imagine IF we do a lockdown like Australia. So many theories invented for market going down which is a routine process, get used to it.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .03% to .24%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4422.30, high 4422.73, low 4405.45

RSI @ 64.80

CMF @ 0.396

Internals were :

UP volume led by 1.40 to 1 in NYSE & 1.42 to 1 in Nasdaq

Advancing stocks led by 1.30 to 1 in NYSE & .78 to 1 in Nasdaq

Net new 52 wk high were leading by 133 in NYSE & low by 40 in Nasdaq

VIX 2.21% @ 17.58

Oil @ $71.91

Gold @ $1799.20

Canadian $ @ .7458

Portfolio CNX HST MGM WEED XPEV NCLH PLTR RIOT UAL

Stocks which were UP 2% or more included

CNX HST NCLH RIOT UAL 

SU AG TECK CLF FCX APA

LSPD COIN X M JBLU AAL DAL

SAVE TRIP RCL CCL MSTR GAN

INTC PENN ZM CVX OXY SLB 

EAT TSLA JWN MS.....

AH Futures Down

AH Asian Markets Mixed

AH Oil UP

AH Gold Down

About market, TAPE closed in green thus making another all time closing high in DOW, S&P 500 and Nasdaq. Technology stocks rested for the most part and negative internals reflected that. All digital currencies moved sharply higher on high volume with crowded short covering UP 20% range proving pundits totally wrong who were looking for 20000 in Bit coin.

BLOG does NOT give buy or sell.

Saleem

US stock market rally to continue.....

 DOW S&P 500 and Nasdaq closed @ new all time high...

Nasdaq is the strongest and sporting an RSI of 65.67, highest in my universe.

S&P 500 with RSI of 63.75 is second strongest among Indices I monitor.

DOW is @ 58.21 RSI...much more room to go higher

SOX with RSI of 54.25 is a lagging

TAN or Solar RSI @ 47.67

XLB or materials RSI @ 47.05

IWM or Russell 2000 RSI @ 45.25.....rally has not started yet...

JETS with an RSI of 40.99 has not taken off yet...

XLE with an RSI @ 37.30 is @ bargain level considering price of Oil and earnings potential...

This is a very narrowly focused market with Technology in major uptrend...

DELTA variant is taking a toll in other sectors as they are stalled for now...

It Is important to have a mix of technology plus other sectors as major technology companies are reporting this week....

So far earnings in technology is above expectations.....

Patience & conviction is required even in a diversified portfolio, hopefully uptrend will broaden to other sectors as we enter this weeks trading.

This market has been tough unless you were in technology stocks...

No rally can last unless we go through rotation to other sectors.

COVID-19 gave a huge boost to technology and now DELTA variant is doing the same, lucky twice based on your portfolio weighting.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .68% to 1.04%...NICE !!!!

 Indices closed near high of the day and also closed @ new all time high.

S&P 500 @ 4411.79, high 4415.18, low 4381.20

RSI @ 63.75

CMF @ 0.364

Internals were :

UP volume led by .87 to 1 in NYSE & 1.00 to 1 in Nasdaq

Advancing stocks led by 1.59 to 1 in NYSE & 1.01 to 1 in Nasdaq

Net new 52 wk highs were leading by 201 in NYSE & 16 in Nasdaq

VIX down 2.77% @ 17.20

Oil @ $72.07

Gold @ $1801.80

Canadian $ @ .7415

Stocks which were UP 1% or more included LULU SQ LSPD

AAPL ROKU PYPL MRVL TWTR SNAP QCOM MGNI

FUBO FCX CLF DASH PINS AMD NXPI GOOS SHOP

TOL MTCH CRWD ESTC KBH DHI PHM MRNA FB

GOOG CMG V.....

Here is my portfolio weighting :

HST       25.80%

CNX      23.44%

UAL      12.95%

XPEV     8.68%

WEED    7.74%

MGM     7.04%

NCLH    6.78%

RIOT     4.25%

PLTR    3.32%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem