Indices mixed after hitting new all time highs in Dow , S&P 500 & Nasdaq @ open.
S&P 500 @ 2602.54, high 2606.41, low 2598.87
Internals are negative.
Oil Down 80 cents
Gold UP $6.60
Canadian $ Down 42 tick @ .7245
VIX UP 2.07% @ 9.87
Portfolio AMD BIDU BZUN CTRP SHOP TSLA
Most stocks are down
@ 2.12 following are green :
AMD SHOP TSLA PANW GOOG AMZN SNAP
SPWR SWIR ABX KGC JKS EXPE EBAY
YUM FFIV PCLN FSLR CIEN TRIP
AEM MSFT NKE V ......
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Last week:
Performance: +6.60% (YTD: +40.78%)
Notable Winners: [OPTN TRIL SAIL, all >20%] MU ACIA HCLP
Notable Losers: GPK
A truly amazing week after many slow ones in a row. I am fairly satisfied with the composition and diversity of the portfolio, but will continue to look for opportunities.
Positions: BAC SPLK MU ACIA AAPL OPTN HUBS SAIL HCLP IP EMN GPK FCX TRIL, cash 0.0%
Stocktrader
Hi Stocktrader,
Another outstanding week for you + 6.60% for the week, and an incredible 40.78% for the year.....
Mine was positive 2.62% for the week, Ytd negative by 21.51%......
Saleem
Hi Saleem and Stocktrader,
Hope you all had a nice thanksgiving.
This year, we have seen a strong upward swings in the market despite the political uncertainties and many trades have been quite profitable. However I must say that I was reluctant to invest fully in the market. I must admit that I was wrong. Market has been so resilient in spite of UK referendum, terrorism, and frequent geopolitical situation. My family circumstances also prevented me to pay full attention to the market. This year I am losing over 7000 in my retirement account and 4000 in my personal account. Last year was one of my best trading years. I made over 24000. I want to thank both Saleem and Stocktrader for your contribution. Your views and ideas have been a great help to me and I will always be grateful to you. I must say that I greatly admire Stocktrader for his hard work and research in identifying some of the best stocks and maintaining a diversified portfolio. Thank you so much....
Thank you Saleem for providing great insight into the market. Keep up the good work.
Good luck to everyone.
Joseph
Hi Joseph,,
Appreciated your feedback.
Trading stocks is a tough job, sometimes we have winning euphoria and sometimes we keep analyzing what went wrong.
Win or lose , it is the knowledge we gather in researching a stock, which matters.
As traders, we take more chances with stocks, worrying about overbought oversold conditions, so we sell early or IF we stay , sometimes we lose all gains, seen both many times in my portfolio.
BUT...there is another year, we need to move on to better stock picking and strategy.
Wishing you all the best in closing days of this tear and prosperous new year.
Saleem
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