Message of this market is......

Another week and another all time high in S&P 500.

Here is the picture of 3 major indices :

-S&P 500 closed 2122.73, all time high 2125.92...only 3.19 points form new all time high

-Dow closed 18272, all time high 18288...only 16 points form new all time high

-Nasdaq closed 5048.29, all time closing high 5119.83..only 72 points from new all time high

Nasdaq is the weak cousin with a tiny negative CMF

BUT there are weaknesses in some sectors :

-Transport weak

-Utilities weak

-Consumer electronics weak

There is also surprising strength in Natural Gas & Gold and they are breaking out.....

SO...the message of the market is, stay in a diversified portfolio and you can withstand volatility easily.....

Also market is saying stay @ max exposure as it is going higher and may go in overdrive very quickly....

Do not overthink daily zig zag, that is the market we got, cannot have straight line up TAPE..those days are over for good....

Volatility is a sign of a healthy market and a normal market

IF you can make 8% in a year, you are as good as the market, higher means, you are doing better than market.

All boats cannot be lifted anymore, that was 2009 to 2014 market......

SO..think about this TAPE which is healthy but choppy day to day......

Good luck with your portfolio & strategy!

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed