Huawei being allowed to do business with US companies is a very big deal for a major thaw in tense trade relations between US & China.
I expect Chinese stocks, Semiconductor stocks, Network stocks and Fiber Optics stocks to take off.
We have a very good chance to make new all time highs in major indices.
Trade talks have restarted between US & Chinese delegation.
No new imposition of duties against Chinese imports into US.
All of the above is exactly opposite of what traders were expecting, thus a positive surprise for Market.
World economic order is extremely dependent on US & China acting like adults and not indulge in tit for tat import duties.
It is nice to see Financial stocks are behaving well, they have missed the party since lows of 2009....a long 10 years base building....
Gold has been a star thanks to world Central banks easing of interest rates....$1900 per oz may be a possibility again.....
US$ may be the laggard currency going forward due to easing of fed funds rates.....
All in all we are looking @ a very bullish start of July after best June in many decades.....do not fight the tape is a good mantra to live by.....
Good luck with your own analysis and strategy, IF short this market.....please cover ASAP....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Last week: +1.32% (YTD: +15.59%)
Notable Winners: FSLY LITE RUBY MPC CSOD MHO
Notable Losers: PSNL QURE
It was another good week for the portfolio despite the pullback in most indices. I continue to try and rotate into winners on pullbacks or catalyst-driven ideas which has proven effective recently. The next few months are often some of the hardest for the growth stocks, and I fear freshly positive talk on trade will quell calls for large Fed easing. In that light, I'm not sure where the next winners will come from, but I have raised some cash to deploy into new ideas.
Holdings: MPC QURE CSOD VYGR MHO PSNL RUBY PLAN SPLK SAIL TRIL, cash 19.7%
Stocktrader
Hi Stocktrader,
Last week UP 4.70%
YTD UP 76.48%
Saleem
Hi Saleem,
Sold VYGR @ 27.40 to take profits
Stocktrader
Hi Saleem,
Sold SPLK @ 127.10 to take profits
Stocktrader
Hi Stocktrader,
Good day to book gains$$$$
Saleem
Hi Saleem,
Added to PSNL @ 25.16
Stocktrader
Hi Saleem,
Added to PLAN @ 50.96
Stocktrader
Hi Stocktrader,
Good luck with more PSNL & PLAN...
Saleem
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