Indices closed UP 1.17% to 3.41%....NICE !!!!

 Indices closed UP.

S&P 500 @ 4515.55, high 4516.89, low 4414.02

RSI @ 46.40

CMF @ -0.011

Internals were :

UP volume led by 4.18 to 1 in NYSE & 11.22 to ! in Nasdaq

Advancing stocks led by 4.37 to 1 in NYSE & 4.51 to 1 in Nasdaq

Net new lows were leading by 163 in NYSE & 176 in Nasdaq

VIX Down 10.23% @ 24.83

Oil @ $88.15

Gold @ $1796.40

Canadian $ @ .7302

In my portfolio Sold 50% HST @ $17.30

Portfolio HST BTCC SNAP MGM NCLH RIOT UAL

Stocks which were UP 6% or more included SNAP RIOT NCLH

SOL PLTR XPEV FSLR AFRM HOOD AG SQ LSPD COIN

ARKK X ROKU MRVL TWTR QRVO FUBO AI MSTR

DASH BIDU PINS RUN AMD DKNG SNOW CSIQ 

LYFT NXPI DOCU ZI ZM CRWD ESTC ENPH

PDD SEDG BYND NVDA TWLO TSLA BABA API QS

NIO JKS OSTK CGC TLRY.....

AH Futures Down

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE staged a huge oversold bounce and also confirmed Friday's UP move. Most sector participated in today's short covering / buying. Only sector which missed today's fun was energy stocks although oil is @ highest level in 8 years. Hopefully caution will prevail in construction of portfolio going forward.

BLOG does NOT give buy or sell.

Saleem

US Stock market staging an oversold bounce.....

 Finally, US stock market is ready to stage a deeply oversold bounce.

There is a good chance, this bounce may last for several days.

This is a great chance to get rid of vulnerable stocks.

This is also a very good chance to rethink about your investment philosophy.

Market character has changed......

Bear market has taken over...

Russell 2000 was the first index to hit 20% bear market  level.

Nasdaq is extremely vulnerable to hit  bear market level....

This TAPE is looking very shaky and can succumb to any selling pressure very quickly.

Most participants are still not ready to accept that bear market is a real possibility, this makes for a rude awakening when it is too late.

Bear market is a fact of life for stock market...it happens quite routinely, sometimes in quick succession sometimes after few years...

TAPE is giving all indication that this bear market may last longer than previous short trading bouts.

It is well advised to prepare for a worst scenario NOT a passing bear market...

This week, I may further reduce my exposure to only 25%.....

It will be better to see impact of higher interest rates than be in a predictive / optimistic mode

From all indication interest rate hike will start in March and may last until October, which may clear up bearish action by then....

October has found many lows / support in many bear market, you may be early but better than be trapped from hereon...

From all indications, Energy Financials and reopen sectors like Airlines, Cruise lines, Hotels Casinos all are looking better positioned than technology......

Energy is most vulnerable to immediate pullback to deal with euphoria.....so a wait and see in Energy is desirable....

YES...some select Technology and EV can give good return....

Make sure that no matter what you buy, ensure price is right.....

Bear market are extremely painful and equity can evaporate in no time....so be mindful & watchful.

Good luck with your thesis about market and comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP 1.65% to 3.13%...NICE !!!!

 Indices staged a deeply oversold bounce with Nasdaq in lead. Indices closed @ high of the day.

S&P 500 @ 4431.85, high 4432.72, low 4292.46

RSI @ 38.07

CMF @ -0.089

Internals were :

UP volume led by 2.91 to 1 in NYSE & 4.17 to 1 in Nasdaq

Advancing stocks led by 1.83 to 1 in NYSE & 1.87 to 1 in Nasdaq

Net new lows were leading by 734 in NYSE & 1131 in Nasdaq

VIX Down 9.28% @ 27.66

Oil @ $86.82

Gold @ $1786.60

Canadian $ @ .7243

Stocks which were UP 6% or more included BTCC RIOT SNAP

AFRM HOOD LSPD AAPL FUBO MSTR DASH DKNG

ESTC NVAX TWLO MA V OSTK....

Here is my portfolio weighting 50% exposure :

HST        48.18%

UAL       19.58%

NCLH      9.36%

BTCC      7.96%

MGM      6.64%

SNAP     4.85%

RIOT     3.43%

Next post by 6 PM on Sunday.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .02% to 1.40%....

 Indices closed down.

S&P 500 @ 4326.51, low 4309.50, high 4428.74

RSI @ 24.32

CMF @ -0.168

Internals were :

Down volume led by 2.06 to 1 in NYSE & 3.95 to 1 in Nasdaq

Declining stocks led by 2.65 to 1 in NYSE & 3.65 to 1 in Nasdaq

Net new lows were leading by 612 in NYSE & 621 in Nasdaq

VIX Down 4.60% @ 30.49

Oil @ $86.61

Gold @ $1793.10

Canadian $ @ .7289

Portfolio HST BTCC SNAP MGM NCLH RIOT UAL 

Stocks which closed green included CNX SU

TJX PYPL LULU CRM JBLU TWTR CNQ

PINS PFE MSFT PANW GOOS PLAN CVX

ELF NKE NFLX OXY MA MS V.....

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold UP

About market, TAPE continues to baffle most optimistic participants and they keep saying " how could this be daily "...get used to it. Nothing is in the horizon which may alter the bearish tone of this market, it is going to be a long wait for "normalcy to return ". Oil is also getting very crowded traded now which only means they may go down on its own weight or liquidation for liquidity.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed.

S&P 500 @ 4349.93, low 4304.80, high 4453.23

RSI @ 25.49

CMF @ -0.125

Internals were :

Down volume led by 1.96 to 1 in NYSE & 1.69 to 1 in Nasdaq

Declining stocks led by 2.13 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new lows were leading by 279 in NYSE & 318 in Nasdaq

VIX UP 2.57% @ 31.96

Oil @ $87.35

Gold @ $1829.70

Canadian $ @ .7399

Portfolio HST BTCC SNAP MGM NCLH RIOT UAL

Stocks which were UP 1% or more included NCLH

SLI AMAT AFRM MGA MU BMBL RCL SWKS

SCHW DKNG CSIQ INTC MSFT NXPI CRWD 

DDOG NVAX MRNA TER NVDA TSLA LRCX 

EXPE GOOG SLB JKS MA MS MGA V....

AH Futures Down

AH Asian Markets Down

AH Oil & Gold Down

About market, TAPE continued its weak close, a sign of bear market in making. I have a feel that this bear TAPE is no different than any bear market I have faced in last 5 decades, some last much longer than others, be prepared. I started investing @ the peak when DOW crossed 1000 for the first time, it was a straight down for many many years, changed country during that time from USA to Canada, finally it was over to 1987 euphoria then dropped 27% in one day, so please read bear market history, it may change most of your understanding about pain & suffering. I am only 50% invested for many weeks based on my feel of what is coming.

BLOG does NOT give buy or sell.

Saleem

Indices closed down .19% to 2.28%.....

 Indices closed down.

S&P 500 @ 4356.45, low 4287.11, high 4411.01

RSI @ 25.81

CMF @ -0.120

Internals were :

Down volume led by 1.26 to 1 in NYSE & 1.91 to 1 in Nasdaq

declining stocks led by 1.34 to 1 in NYSE & 1.52 to 1 in Nasdaq

Net new lows were leading by 219 in NYSE & 258 in Nasdaq

VIX UP 4.21% @ 31.16

Oil @ $85.60

Gold @ $1852.50

Canadian $ @ .7359

Portfolio HST BTCC SNAP MGM NCLH PLTR RIOT UAL

Stocks which closed green included NCLH UAL 

SLI APA SU TECK BYD SAVE RCL WYNN

PAAS CNQ CCL BIDU IBM PFE PENN DAL 

TD BMO CVX EXPE OXY SLB LNG MS.....

AH Futures Mixed

AH Asian Markets Mixed

AH Oil & Gold Down

About market, TAPE continued its weakness and closed in red. Internals were much better. Technology continues to be out of favor big time. Energy, base metals, Airlines & casinos seems to have pulse. This TAPE is giving me a strong feel that it wants to cut the recent lows and then only will find support.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .28% to .63%...NICE !!!!

 Indices closed UP.

S&P 500 @ 4410.13, high 4417.35, low 4222.62

RSI @ 28.55

CMF @ -0.100

Internals were :

Down volume led by 1.08 to 1 in NYSE & .86 to 1 in Nasdaq

Declining stocks led by 1.49 to 1 in NYSE & 1.09 to 1 in Nasdaq

Net new lows were leading by 1086 in NYSE & 1734 in Nasdaq

VIX UP 3.64% @ 29.90, high today 38.94..new 52 wk high...

Oil @ $83.31

Gold @ $1841.70

Canadian $ @ .7310

Portfolio HST BTCC SNAP MGM NCLH PLTR RIOT UAL

Stocks which closed green today included MGM RIOT

APA CNX AMAT SPWR AFRM TJX MU LULU CRM

M ARKK BYD ROKU QCOM QRVO SWKS LAC PINS

RUN DKNG SNOW NXPI PENN DOCU ZI SHOP TOL

ZM ESTC DDOG KBH TER DHI PHM TWLO LRCX

SPLK OLED LVS OSTK ULTA ULTA CMG X....

AH Futures Down

AH Asian Markets Down

AH Oil UP

AH Gold Down

About market, TAPE was in a freefall with Dow down 1115 points and Nasdaq down 4.9%, by close all 3 major indices were green. Russell 2000 touched bear market by being down 20%. Internals were extremely negative with highest new lows reached 1700+. There is too much euphoria about today's reversal which may be premature as retest may be a given.

BLOG does NOT give buy or sell.

Saleem