Sold UBER.NE @ $56.25 in Toronto....

 Sold UBER.NE @ $56.25 in Toronto...

BLOG does NOT give buy or sell.

Saleem

US stock market getting " deeply overbought "

 US stock market goes UP then goes down...

US stock market makes new all time highs followed by testing support...

That IS the nature of our market......

One has to be mindful of " trading range "

You do NOT have to predict exact highs or lows....BUT be aware of this trading scenario...

I do not have to tell anyone where we are in this " trading fulcrum "

YES...there is a trading phenomenon know as " overbought ".....always monitor this to book profit....

Here is my last week :

Last week UP 8.14%

YTD         UP 22.46%

Here is my weighting on 50% exposure :

GOOG       27.17%

AAPL        26.98%

UBER       17.95%

MSFT       13.28%

NVDA       7.73%

SMCI        6.88%

BLOG does NOT give buy or sell.

Saleem

Sold SHOP.TO @ $157.04 .....

 Sold SHOP.TO @ $157.04

BLOG does NOT give buy or sell.

Saleem

US stock market facing new challenges.....

 US stock market always has many challenges " so it can climb wall of worries "

Highest inflation worldwide.....

High Interest rates....

Slowing GDP....

NOW B2 " bombing "

Followed by Iran Missiles hitting Haifa & Tel Aviv

Sound like a " bad movie "

As Aunt Clara used to say " where is the beef "

Lot of " disinformation & tough talk "

BUT Wall & Broad St...can sort the " fluff out "

There is NO WW111.....that involves real Army on ground.....the best we can do these days is Firing from 14000 Kilometers away with REMOTE and GRAZE few structures.....

SO.....

Wall Street should rally....as one more " step is out of the way "

YES...same old same old 7 stocks should lead this market much higher.....

Fed is all set to " reduce rates in July " which IS few days away.....

SO...increase your exposure with " opportunistic buying "

Here is my last week result "

Last week UP .68%

YTD          UP 14.32%

Here is my weighting on 80% exposure :

SHOP       36.90%

AAPL       17.85%

GOOG     16.90%

UBER     10.88%

MSFT       8.47%

NVDA      4.67%

SMCI      4.33%

BLOG does NOT give buy or sell.

Saleem

Bought NVDA.NE @ $33.20 in Toronto....

 Bought NVDA.NE @ $33.20 in Toronto...

BLOG does NOT give buy or sell.

Saleem

US stock market assessing Iran's RESOLVE....

 US stock market has a new news to digest, IRAN surprise attack on Israeli towns with Missile....

Israel invincibility is being questioned with new penetration by Iran.....

US stock market will react until a ceasefire is obtained....

Oil should benefit with all the  attack on key installations....

Magnificent 7 remains good choice in these unstable market...

Patience & conviction should be in focus....

Here is my last week result :

Last week down 3.86%

YTD UP 13.64%....

Here is my weighting on 80% exposure :

SHOP      38.24%

GOOG    18.71%

AAPL     18.45%

UBER    11.49%

MSFT     8.89%

SMCI     4.22%

BLOG does NOT give buy or sell.

Saleem

Bought UBER.NE @ $52.00 in Toronto....

 Bought UBER.NE @ $52.00 in Toronto...

BLOG does NOT give buy or sell.

Saleem