Federal Reserve is all set to meet this Tuesday and interest rate hike of .25% is a given for 2 PM Wednesday.
Policy statement will be more in focus, any hint of more hikes than anticipated may be difficult for market to handle, currently total of 3 this year is in the cards.....
TAPE is still on sound footing, with Nasdaq near its peak of January, while S&P 500 closed above 50 DMA....
Dow is below 50 DMA, it needs to catch UP or will drag other indices down.
SOX has been strongest lately, semiconductor stocks are all flying, MU, LRCX are running away into new highs.
In FANG.....FB is the laggard still, this week may be critical, either it moves UP or falter again....
NVDA seems to be on right track, staying near new all time high and may run away to series of new highs......
Many software stocks are doing the same SPLK RHT are near new all time highs....
Many many stocks to look @ BZUN is in an explosive mode near new all time highs....
CTRP also showing sign of life.
What i am highlighting that many stocks are in runaway mode, every portfolio needs one stock like that, more the better.
Biggest hurdle for markets remain Trade war, Russian probe which may get deeper into the mix.
Make sure your portfolio is on sound footing with many challenges ahead, not to mention Fed policy statement.
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week:
Performance: +1.06% (YTD: +19.83%)
Notable Winners: OPTN MU TRIL NVDA
Notable Losers: X HCLP YY
A few great performers helped the portfolio to a gain again this week. I was on a mini-vacation for the last three days, so I ended up making no moves for the first time in a while.
I think the NASDAQ outperformance this year is really starting to be significant with potentially important and lasting ramifications. We could see this trend continue all year, although volatility given the political and interest rate situations should persist.
I want to stay diversified, but am watching developments with the economically sensitive stocks carefully for signs of weakness.
Holdings: MU EMN BAC SPLK GTLS NVDA MHO TWTR X OPTN YY HCLP TRIL, cash 0.0%
Thanks to nice appreciation this week, MU is now the largest weighting at 10.4%.
Stocktrader
Hi Stocktrader,
Last week Down 3.17%
YTD Down 5.21%
Saleem
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