S&P 500 closed @ 1818.32, high on Friday was 1823.75.....
Dec 26 Th is the last day for 2013 trading......
We are heading into the strongest trading days going into New Year of 2014......
US economy is in "growth mode"
2013 is ending on a strong note for indices & US economy.
There is a strong possibility that US companies may show top line growth instead of banking on cost cutting to show EPS growth....
2014 may be as good or bigger than 2013 in terms of gains in indices......
2000 in S&P 500 is a given for 2014.....that is again of 182 points or a gain of 16.36% from where we closed on Friday......
There is a good chance that Nasdaq may show gain of better than 25% in 2014......which is a gain of 1026 points which will take Nasdaq into a new all time high.....we are looking @ 5130 in Nasdaq...
All in all 2014 is looking like a strong year where all indices will exceed into new all time high territory...this has not happened since 2000...a wait of 14 years for Nasdaq to make new all time high.....
2014 may be a year where many boats will be lifted.......
Patience with good themes in stock selection will be rewarded better than indices.....
We all need to look back to 2013 where we failed & why we failed to perform......in most cases we will realize that "patience was lacking with good ideas"
It is important to compare against indices gains to our own performance, 2013 was a bad year for me in a long time, reasons are many, but biggest one is too much faith in "turnaround stocks" instead of staying with winners.
BUT we all have a trading style which works most of the time.......
Lets start 2014 strategy on a winning note.....
Looking back is the biggest teacher which can correct some of the trading mistakes.
I am very happy that most traders benefited with my "market call" & direction......not an easy task but was on the mark 90% of the time......% could be even higher......
Good luck to every trader & investor for another productive year.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hey Saleem,
You're right in that your market calls were almost 100% correct this year! It is unfortunate that stock selection didn't bring you more gains--I'm sure you'll make adjustments for 2014 that will more than make up for that!
Let the holidays begin! :)
Stocktrader
Hi Stocktrader,
Thank you for your feedback & appreciative comment.
I am glad that i was able to fulfill
my main mission of this BLOG.....which is to navigate visitors into market analysis & my take on events which impacts US markets......
My personal trading did not do as well & underperformed......hopefully my luck / timing will be better going forward.
Saleem
Hey Saleem,
It's hard to believe, but I got the FB/AAPL switch wrong. FB is up more than AAPL today...
I know it's just a one day lookback, but it's still pretty amazing. It makes you wonder where FB is going next...
Stocktrader
Hi Stocktrader,
FB secondary was priced few cents below closing of previous day...that is a telltale of very strong demand for FB....
FB technically is rated for a breakout @ $56 for target of $60.52....
Saleem
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