Indices closed UP .40% to 2.03%...NICE !!!

 Indices closed UP near high of the day. GOOG earning report lit fire in all AI names, even META closed in green.

S&P 500 @ 5099.96, high 5114.62, low 5073.14

RSI @ 49.75

Internals were :

UP volume led by 1.76 to 1 in NYSE & 2.00 to 1 in Nasdaq

Advancing stocks led by 2,25 to 1 in NYSE & 1.84 to 1 in Nasdaq

Net new highs were leading by 78 in NYSE & lows by 29 in Nasdaq

VIX Down 2.21% @ 15.03

Oil @ $83.85

Gold @ $2351.90

Canadian $ @ .6316

Here is my portfolio weighting :

SHOP       24.56%

NVDA      22.40%

MSFT      11.16%

GOOG     11.16%

INTC         9.58%

AMD         9.07%

META       8.22%

SOUN      1.46%

Next post by 6 PM on Sunday.

BLOG does BOT give buy or sell.

Saleem 

Indices closed down .46% to .98%...

 Indices closed down but recovered nicely from low of the day despite higher yield.

S&P 500 @ 5048.42, low 4990.58, high 5057.75

RSI @ 43.37

Internals were :

Down volume led by 1.37 to 1 in NYSE & 1.25 to 1 in Nasdaq

Declining stocks led by 2.30 to 1 in NYSE & 1.98 to 1 in Nasdaq

Net new lows were leading by 13 in NYSE & 163 in Nasdaq

VIX down 3.76% @ 15.37

Oil @ $83.57

Gold @ $2342.10

Canadian $ @ .6303

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN

AH ER were stellar from GOOG MSFT & SNAP ...other AI related stocks were flying in AH also...

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed on higher yield.

S&P 500 @ 5071.63, high 5089.48, low 5047.02

RSI @ 45.80

Internals were :

Down volume led by 1.04 to 1 in NYSE & .98 to 1 in Nasdaq

Declining stocks led by 1.33 to 1 in NYSE & 1.22 to 1 in Nasdaq

Net new highs were leading by 30 in NYSE & lows by 63 in Nasdaq

VIX UP 1.78% @ 15.97

Oil @ $82.81

Gold @ $2336.90

Canadian $ @ .6273

Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN

AH META reported a beat but guidance was not as high as high end of estimate, stock took a beating in AH down 15.15%...

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .69% to 1.79%...NICE !!!

Indices closed near high of the day in back to back UP move. Russell 2000 was the-best performer.

S&P 500 @ 5070.55, high 5076.12, low 5027.96

RSI @ 45.67

Internals were :

UP volume led by 3.75 to 1 in NYSE & 2.42 to 1 in Nasdaq

Advancing stocks led by 3.75 to 1 in NYSE & 2.42 to 1 in Nasdaq

Net new highs were leading by 56 in NYSE & lows by 28 in Nasdaq

VIX Down 7.38% @ 15.69

Oil @ $83.36

Gold @ $2342.10

Canadian $ @ .6320

AMD GOOG INTC META MSFT NVDA SHOP SOUN

TSLA ER was greeted with enthusiasm for upcoming low priced EV in 2025.

BLOG does NOT give buy or sell.

Saleem

Indices closed UP .67% to 1.11%...NICE !!!

Indices closed UP after correcting for several days.

S&P 500 @ 5010.60, high 5038.84, low 4969.40

RSI @ 37.90

Internals were :

UP volume led by 2.96 to 1 in NYSE & 2.21 to 1 in Nasdaq

Advancing stocks led by 2.87 to 1 in NYSE & 1.79 to 1 in Nasdaq

Net new lows were leading by 27 in NYSE & 144 in Nasdaq

VIX 9.46% @ 16.94

Oil @ $82.85

Gold @ $2346.40

Canadian $ @ .6273

Portfolio  AMD GOOG INTC META MSFT NVDA SHOP SOUN

It IS all about earnings this week, TSLA META MSFT reporting, bad will get killed and good ones to new all time high....

BLOG does NOT give buy or sell.

Saleem

US stock market in trouble...

 US stock market is finally showing a combination of profit taking and testing of support since making series of all time highs...

This downtrend is nothing unexpected in a major bull run...

5 months of unstoppable mega move was enjoyed by all participant....

NOW....a reality check..

Who are the real winners will stand up to brutal selling...

YES...some key support is broken....

YES ...selling IS intense

YES...winners behaving like losers

YES...patience is being tested..

YES...losses are piling UP

YES...some are giving UP

That IS when bottom is reached......

Then we start basing

Then slow move UP

Wall Street is NEVER a straight line UP...not forever....5 months straight UP did us in....

Always buy with conviction and stay with conviction...

Correction / pullback IS healthy

I feel we are OVERDONE in this pullback also

Stay engaged with this market, It IS trying to discount INFLATION / Interest rates UNCERTAINTY

Take advantage of low low prices and add IF you have room....I always feel more confident NEAR LOWS...

Good luck with your own strategy & comfort level.

BLOG does NOT give buy or sell.

Saleem

Indices closed mixed....

 Indices closed mixed with steep losses in NVDA & SMCI.

S&P 500 @ 4967.23, low 4953.56, high 5019.02

RSI @ 31.29

Internals were :

UP volume led by 2.11 to 1 in NYSE & 1.14 to 1 in Nasdaq

Advancing stocks led by 1.80 to 1 in NYSE & 1.07 to 1 in Nasdaq

Net new lows were leading by 55 in NYSE & 171 in Nasdaq

VIX UP 3.94% @ 18.71

Oil @ $83.14

Gold @ $2413.80

Canadian $ @ .6252

In my portfolio...added 150% META in Toronto @ $26.95

Here is my CORRECTED portfolio weighting :

SHOP     25.11%

NVDA     20.35%

MSFT     13.93

INTC      10.75

GOOG   10.46%

META     9.32%

AMD      8.84%

SOUN   1.24%

Next post by 6 PM on Sunday

BLOG does NOT give buy or sell.

Saleem