Indices are all set to rally towards new all time highs.
RUT did it first with series of new all time highs.
Nasdaq followed next with 3 days back to back new all time highs before pulling back slightly.
S&P is about 90 points away to make new all time highs
Dow is farthest with about 1300 points to go.....
Recent pullbacks in FB AAPL GOOG LRCX are some ideas which may be worth looking @.
Small caps or Russell 2000 is where the action has been and may lead again, it looks ready to make series of new all time highs.
VIX @ 12.18 has more room to go lower.....
CMF has been healthy in all indices, all seeing positive money flow for a while.
Chinese $5 Billion to $10 Billion market caps are seeing wild action and are worth looking into as they are mostly online companies capturing growing Internet market....from streaming to gaming, it is all working.....
BILI HUYA BZUN MOMO IQ are some of the names to keep an eye...they are all hitting new highs after IPO....
NVDA AMD BIDU NTES are all looking healthy.....
Lots of ideas in this environment to look @....
Do your own research and factor your own comfort level.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Saleem,
Last week:
Performance: +3.05% (YTD: +37.94%)
Notable Winners: TRIL HUYA VICR EAF MU MOMO
Notable Losers: VCEL MPC
It was somewhat mixed week for the stocks in my portfolio (14 up, 9 down), but a few big winners drove the positive action again. The NASDAQ and small caps continue to dominate as investors see them as mostly immune to trade and geopolitical issues. We appear to be forming a bubble that will eventually pop, but only before it grows bigger still. This is probably the major thing to watch as the year continues.
Holdings: SPLK MU BOOM BEAT APPN VICR HUYA MOMO IART OKTA BABA PANW EAF VCEL TPIC MPC COHU TRIL, cash 5.1%
After some adjustments to the portfolio last week (as posted), all positions are now within the 5-6% weighting except for the 3.5% TRIL. Again I find myself thinking I have too many positions, but there are a lot of good stocks in which to participate right now, especially for diversification purposes.
Stocktrader
Hi Stocktrader,
Last week UP 8.16%
YTD loss 4.89%....discovered computation error in YTD....now accurate...
Saleem
Hi Saleem & stocktrader,
Excellent week for both of you. Thanks for the blog & sharing your ideas.
Bought WIX @97.20 &
RIO @59.11
Thanks,
Explorer
Hi explorer,
Good to hear from you again!
Good luck with the new positions!
Stocktrader
Hi Explorer,
Good luck with RIO & VIX
Thanks for your compliment !
Saleem
Hi Saleem,
Bought CHK @ 4.98
The stock has been rallying nicely despite oil being depressed in recent weeks. I think there could be room for a really nice breakout here and will give the trade a try.
Stocktrader
Hi Stocktrader,
Good luck with CHK.
Saleem
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