Market is showing renewed strength against all trade rhetoric, interest rate jitters......
Earnings are coming in better than expected and stocks being rewarded for good earnings.
Good stories going forward are being rewarded also, all a very good sign of new money wanting to join this party.
Indices are making new all time highs....Nasdaq, S&P 500 & RUT are in new all time high territory.
S&P 400 also closed @ new high.
Dow is next to join all time new high....
SOX is showing new life and may show strength going forward...
NFLX showing some strength...
WMT @ support may start moving UP again.....
CRUS showing sign of life...
SQ, NVDA, CRM, FFIV & TTWO in new all time highs....
Market is showing strong technical strength which requires opportunistic execution.....
Stocks like FB have made double bottom and may show renewed strength.....
Trade issues have been digested by market, Mexico & US are all set to make an agreement which will be positive, China may linger for a while before trade dispute is sorted out.
SO...we are looking @ new opportunity to improve our performance in this bullish environment.
Good luck with your own strategy and comfort level.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Stocktrader,
Bought CRUS @ $44.57.
Saleem
Hi Saleem,
Good luck with CRUS!
Stocktrader
Hi Saleem,
Last week's performance: +4.82% (YTD: +39.95%)
Notable Winners: SPLK MOMO VCEL MU TENB PANW
Notable Losers: TZA APPN
After a poor performance in the prior week (-2.59%), the portfolio really charged ahead this week despite the TZA hedge on for much of the time. Some good earnings reports in SPLK and MOMO helped spark the rise.
The market feels really good right now, shrugging off negative news and having built a solid base for months before making this breakout. Although there will be ups and downs, I think we are set up for a rise into year end and I hope I am positioned well now.
Current Holdings: SPLK PANW CSOD MU, EAF MHO APPN TENB, NVTR VCEL OPRX LQDA TRIL, cash 0.0%
The top 4 positions are ~11.3% each, next 4 ~7.2% each, final 5 ~5.2% each.
Stocktrader
Hi Saleem,
Sold OPRX @ 12.61
As I researched more, I was less confident versus other portfolio holdings in exactly how the future would play out here. A large secondary is also looming I believe, so I wanted to step to the sidelines.
Stocktrader
Hi Stocktrader,
Last week UP 10.09%
YTD loss 28.66%
Saleem
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