Sunday, December 2, 2018

90 day ceasefire in US China trade talk......

After months of threats there seems to be a 90 day ceasefire in US China trade talk.

 90 days duty stays @ 10%.....

 90 days to resolve all issues...

 90 days China will buy huge amount of US goods

 April 1 may see either an agreement or back to stalemate..

 Market should react positively in this half baked arrangement....

 Wednesday market is closed  for national mourning for Bush senior

 We had the best week for S&P 500 & Nasdaq since 2011

 Many stocks have come alive in last 5 trading days..

 Of all the indices only Dow is above 200 DMA, but below 50 DMA

 S&P 500, Nasdaq, SOX & RUT all below 50 & 200 DMA

 After last week run, it was logical for market to pause for few days, BUT we have this 90 day arrangement between US & China......that may push stock markets into mild overbought territory, currently RSI ranges from 50.84 in RUT to 54.86 in DOW...

 IF we rally, then it may be a good idea to book profit and then see how market is behaving and which sectors are strong.....

 MSFT has become the most valuable company in the world in market capitalization.

 Biotechs are running away to new highs...

 Retailers are struggling, even AMZN with the strongest Black Friday and Cyber Monday is well below its high.....

 AAPL is stuck in the mud spinning wheels...

 SO.....stay with strongest stocks and keep an eye on any profit taking which may develop IF we rally hard Monday open.

 Good luck with your own analysis and comfort level.

 BLOG does NOT give buy or sell.

 Saleem
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16 comments:

  1. Stocks100December 3, 2018 at 6:33 AM


    Hi Stocktrader,

    Sold NVDA @ $173.50

    Saleem

    ReplyDelete
  2. Stocks100December 3, 2018 at 6:36 AM

    Hi Stocktrader,

    Added 75% SQ @ $72.76

    Saleem

    ReplyDelete
  3. stocktrader_1996December 3, 2018 at 6:44 AM

    Hi Saleem,

    Bought NIU @ 8.33

    I thought I'd try this position again after more activity in the electric scooter space and a thawing of the trade tensions.

    Stocktrader

    ReplyDelete
  4. stocktrader_1996December 3, 2018 at 6:45 AM

    Hi Saleem,

    Good luck with your swap--NVDA was great!

    Stocktrader

    ReplyDelete
  5. Stocks100December 3, 2018 at 7:07 AM


    Hi Stocktrader,

    Bought MTCH @ $41.00

    Saleem

    ReplyDelete
  6. stocktrader_1996December 3, 2018 at 7:11 AM

    Hi Saleem,

    Good luck with MTCH.

    Stocktrader

    ReplyDelete
  7. Stocks100December 3, 2018 at 7:56 AM


    Hi Stocktrader,

    Good luck with NIU.

    Saleem

    ReplyDelete
  8. stocktrader_1996December 3, 2018 at 8:20 AM

    Hi Saleem,

    Sold SEDG @ 38.91

    I was late to the party to take profits on this trade after such a great run. A recent analyst note last Friday showed how future earnings power could be limited by competitors.

    Bought SPLK @ 108.48

    After such a great report, I look for this to be a winner into year end.

    Stocktrader

    ReplyDelete
  9. Stocks100December 3, 2018 at 8:22 AM

    Hi Stocktrader,

    Good luck with SPLK.

    Saleem

    ReplyDelete
  10. Stocks100December 3, 2018 at 8:46 AM


    Hi Stocktrader,

    Bought ROKU $41.10

    Saleem

    ReplyDelete
  11. stocktrader_1996December 3, 2018 at 8:59 AM

    Hi Saleem,

    Good luck with ROKU. Lots of moves for us today!

    Stocktrader

    ReplyDelete
  12. Stocks100December 3, 2018 at 8:59 AM

    Hi Stocktrader,

    Sold AMD @ $23.20

    Saleem

    ReplyDelete
  13. stocktrader_1996December 3, 2018 at 9:13 AM

    Hi Saleem,

    Very nice move on AMD!

    Stocktrader

    ReplyDelete
  14. stocktrader_1996December 3, 2018 at 9:35 AM

    Hi Saleem,

    Last week: +5.48% (YTD: +38.56%)
    Notable Winners: PLAN PANW CSOD SPLK VICR TRIL PRNB HEAR
    Notable Losers: AMRN SWN LQDA SEDG

    It was an amazing week after Powell backtracked on his most hawkish outlook for rates. I was positioned well enough here to capitalize despite some underperformers in the portfolio.

    Holdings (including today's moves): VICR DHI AMRN SPLK SWKS CSOD HEAR AVLR LQDA SWN NIU PRNB TRIL, cash 0.0%

    Stocktrader

    ReplyDelete
  15. Stocks100December 3, 2018 at 9:42 AM

    Hi Stocktrader,

    Bought NVDA @ $167.45

    Saleem

    ReplyDelete
  16. stocktrader_1996December 3, 2018 at 9:56 AM

    Hi Saleem,

    Good luck with NVDA.

    Today has been full of opportunities to both buy and sell.

    Stocktrader

    ReplyDelete