Tax bill is passed, that leaves no real issue facing this TAPE.
Expecting a strong rally on Monday.....
This TAPE has split personality, some sector are super strong while majority of sectors are in deep deep slump......
Here is a small sample of what i am talking about, as reflected in RSI :
Dow 77.51
S&P 500 73.11
Nasdaq 52.75
MS 71.64
BAC 69.66
GS 67.95
RUT 65.95
XLE 63.26
AMZN 61.83
CRM 49.60
TAN 48.56
SHOP 47.36
PANW 46.54
GOOG 45.71
FB 43.03
TSLA 41.18
NFLX 39.13
BABA 37.11
As you can clearly see, that there is lot of bargain around in this TAPE. Do your own research and see where your money may find a home.
Market has been choppy, although, we seems to be making new all time highs in major indices, but it is NOT reflected in prices of most stocks.
We seems to be getting another shot @ increasing our return for year end.
Good luck with your picks!
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last Week:
Portfolio: -2.60% (YTD: +37.12%)
Notable Winners: BAC HCLP GPK
Notable Losers: MU TRIL OPTN SPLK SAIL ACIA
It was a vicious rotation week, evidenced by the fact that the NASDAQ was -0.60% yet the S&P was +1.53%. My portfolio gave back a chunk of last week's gain, but some diversification helped. I had hoped that many stocks would just coast into year end, but that has been disrupted, and I'm not sure whether it may actually cause the reverse and a downward spiral. The intense weakness in the semis is of major concern as they tend to be market leaders. So far I am sticking with my portfolio mix, but am watching more carefully for opportunity to scale out if appropriate.
Holdings (in size order): BAC ACIA SPLK AAPL OPTN HCLP HUBS MU SAIL GM EMN GPK FCX TRIL, cash 0.0%
Stocktrader
Hi Stocktrader,
You still looking very good for YTD +37.12
Mine was down 5.78% ...YTD down 27.29%
Saleem
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