Indices closed near high of the day.
S&P 500 @ 1960.96, high 1961.47,low 1952.18
RSI @ 64.94
CMF @ 0.529
Internals were :
UP volume led by 1.32 to 1 in NYSE & 1.55 to 1 in Nasdaq
Advancing stocks led by 2.02 to 1 in NYSE & 1.74 to 1 in Nasdaq
Net new 52 wk highs were leading by 196 in NYSE & 45 in Nasdaq
VIX Down 3.18% @ 11.26
Oil @ $105.74
Gold @ $1320.00
Canadian $ @ 93.24 @ five month high
Stocks which were UP 1% or more included SWIR
WUBA RVBD KOG YHOO TSLA EXPE
EBAY FFIV AAPL SPWR ONVO
BSFT LSCC JCP M GMCR
SPLK CCJ TRLA
TRIP.....
Here is my weighting @ close :
LULU 27.30%
FB 22.83%
MU 19.76%
SWIR 17.64%
RAD 12.47%
Exposure 183%
Next post by 2 PM on Sunday.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
A pretty flat overall week for the markets saw the portfolio gain 0.38% versus the S&P's -0.10%.
Weekly Winners: SPLK (+7.7% upon sale), KOG (+4.5% from purchase), DATA (+3.9% upon sale), YELP (+3.1%), PFPT (+2.8% from purchase)
Weekly Losers: BALT (-8.9% upon sale), DRYS (-3.9% upon sale), SGMO (-3.1% upon sale), MS (-2.3%)
YTD Info:
Portfolio: +3.31%
S&P 500: +6.09%
Russell 2000: +2.22%
I did a lot of moving around this week trying to sell either highly outperforming or underperforming stocks to rotate into those I felt could make better moves going forward. This didn't always work, but fortunately it was only the smallest weighted ones that did most poorly. Here's the portfolio now:
Top Holding (13.7%): AAL
Middle Weightings (9.9-8.2%): DHI MSFT GM GS
Lowest Weightings (7.4-5.7%): DG KOG YELP NXPI PANW PFPT
Cash: 10.4%
New Positions: NXPI KOG PFPT DHI DG
Closed Positions: AXLL BALT SGMO DATA DRYS GS SPLK
There is still not much happening in the market, and probably a little reluctance to deploy large cash holdings ahead of the earnings season. The economic data is still trending higher, which should be confirmed by this week's jobs number on an uncharacteristic Thursday (Friday being a holiday).
I'm struggling to find new factors affecting the market, and really, in the absence of bad items, the market should grind higher. I am some in cash to find new good opportunities, and am becoming selective about which companies I want to hold into earnings. I'll probably do a little more pruning around the edges this week, and will be searching for bargains or catalysts in new ideas.
That's about all for now--I hope the 4th of July weekend is safe and fun for everyone! :)
Stocktrader
Hi Stocktrader,
Your strategy of switching around has been working out....mine goes the opposite so far...
But hope is eternal.
I am expecting sharp move to the upside...
Saleem
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