Indices are rocketing UP for four days in a row, while so called gurus wants you to wait for lower prices ?
This market is not waiting for anyone, like it or not......some stocks have move UP 25% since hitting 1101.......
UP volume is leading by 3 to 1......
Gold Down $42.80
Oil UP 68 cents
Canadian $ UP 54 tick @ 101.50
VIX Down 5.64% @ 32.65...almost ready to hit digit 2 ?
In my portfolio :
Added 75% PLCM @ $23.90
Portfolio is APKT,AMZN,BIDU,PMCS,PLCM,AUY
Exposure 105% of normal
Here is my $ allocation :
BIDU 26.49%
APKT 24.33%
PLCM 19.59%
AMZN 16.12%
AUY 9.35%
PMCS 4.12%
AMZN is ready for a "breakout" @ $226.54 with a target of $242.80 as per www.stockconsultant.com
Most of the stocks are UP
@ 1.38 following are RED :
AUY,PLCM,APKT,BIDU,SLW,MU,SINA,GLD,NFLX,
CMG,PCLN,RIMM,RVBD,GG,NTES,SOHU,JKS,
PWRD,JDSU,CIEN,SNDK,CTRP,LDK.....
BLOG does NOT give buy or sell.
Saleem
9 comments:
Hey Saleem,
I'm thinking about doing some switching in my portfolio to some beaten down but highly cyclical industries like dry-bulk (TK/DRYS), solar (JKS/SOL), or homebuilders (TOL).
What do you think? Also, I'd have to give up some great companies like my KOG, ACI, ULTA, VMW, CLF, AGU, QCOM, FCX. Do you see any medium-term weaknesses in my current large cap stocks above that would make this switch easier? It is difficult to gauge how much outperformance I could gain to offset the higher risk...
Thanks in advance for the input!
Stocktrader
Hi Stocktrader,
My humble opinion is stay put in your high quality DIVERSIFIED stocks...they have done well & will continue to do well....
This market is rewarding earnings...i am not sure that solar stocks earning picture is clear @ all....they may not earn anything & may show loss.
TK/DRYS i have not looked up lately so have no opinion @ all.
IF you see earning momentum in any stock then make a change....
Good luck with your decision.
Saleem
Hey Saleem,
Thanks for the input. I usually don't follow dry-bulk either but I've noticed the Baltic Dry Index really making positive moves recently. Also, I too believe solar is highly risky but the high short interest coupled with potentially a marginal increase in future ASPs spark outsized gains.
One other quick thing--I'm really enamored at the moment with WWWW. I think its product is essential for small business growth in this internet era.
Happy trading everyone!
Stocktrader
Saleem,
You bailed out NFLX on time. Do you think at this level, it is a bargain price or the momentum has faded? They said that even the subscribers are down, the projected earning is still intact. Sure, they are offset by the increased price. However, will the trend of cancelling continue, that will be another question that we don't know until the change in full effect this month. Thanks.
Michael
Hi Michael,
It is a tough call on NFLX...on one hand they are growing in Canada & South America..but losing market in US......plus there is cost of content..which IS going UP.
I say wait till they announce their guidance for next Q which is about 4 wks away......
Saleem
Stocktrader
Look at APPLE
MCD, KO and MO! they are goodies
Old but true are JNJ, MMM CAT which is past due for a nice run here....
consider SBUX and KMP.
I am selling LINE and own EPD, EVEP ETP
just my .02 cents
it is always good to seek out opinions
solar is to questionable at this time.
C
Saleem,
You were right on last Sunday blog when you said that the market will run to 1230 level in a hurry. Now, it is close to this level as your excellent call. What will be next move? Continue to charge up or take a rest? Thanks.
Michael
Hi Michael,
We closed @ 1209.11...which is still 21 points away from 1230...
In this run we should take out 1230 & move higher...then rest....
Saleem
Hey c,
Thanks for the picks! :)
Stocktrader
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