We had relentless selling on old issue like trade with China and some new ones like inverted yield curve, recession......where Indices tested 200 DMA.....
But by end of the week, IF you were away, you will think all the issues old and new are resolved within 72 hours.....
Wall Street always test your conviction, only the bravest or passive investors survives these yoyo moves....
BUT...history will tell us, IF you are patient, all Indices end up making series of new all time highs...a fact known by all but few can see beyond daily panic....
Wall street is known to climb " wall of worry ".....
But we always think these new issues will tank the market.
There are 25% stocks which are doing very well in this crazy market.
But 75% are manipulated perfectly to the tune of their masters by pre-programmed HFT......known as basket trading of ETF...
Most leading Indices RSI is no higher than 45...a perfect oversold condition......SO it is NOT late to get back IN.....
I believe most politicians worldwide are realizing that many self created disputes needs to be resolved otherwise their own economy Will slow down to a very painful level....expect supporting tweets going forward.....all cried uncle last week...yes even the art of tweet.....
NOW...HUAWEI is getting another 90 day approval to buy and sell to US companies...who will benefit the-most SOX and networking stocks which were mauled before...see little patience works out....
Also think Hong Kong issue may see some backtracking and more conciliatory tone in near term....
This is a stage of market where non financials will recover very fast....so be brave and overweight your exposure, even financials may recover.....
SO...good luck with your patience and buy strategically for biggest bang for your Investment $....there is money to be made in short order....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Last week: +0.79% (YTD: +12.54%)
Notable Winners: BCEL TREX VYGR FSLR PLAN
Notable Losers: RUBY CSTL CIEN ALB
It was a survival week and the portfolio came out nicely, beating the indices by over 1%. I continue to shift between ideas that I think will work "next", and I think the market overall may have finally found a peaceful spot with the balance of tariffs and rates. A volatile market helps define new winners and losers, so paying attention to technicals while thinking about forward catalysts and stories remain of utmost importance.
Holdings: MHO PLAN FSLR SPLK VYGR BCEL PSNL GTLS CSTL ACMR MOMO BZUN ACST TRIL, cash 0.0%
Stocktrader
Hi Saleem,
Sold CSTL @ 20.90
Bought LYFT @ 52.65
Stocktrader
Hi Stocktrader,
Good luck with LYFT.....
Last week Down 7.24%
YTD UP 66.13%
Saleem
Hi Stocktrader,
Added 150% SPWR @ $13.20 in pre market.
Saleem
Hi Saleem,
Good luck with more SPWR.
Stocktrader
Hi Saleem,
Was working quickly this morning so didn't get to explain my moves.
Sold CSTL because current business and analyst initiations were lackluster. I think this stock moves pretty slowly from here.
Bought LYFT because the quarter and guidance actually showed many positive signs and it was mostly the lockup expiration (and general market sentiment) that drove the stock from $66 to $52. I think the rebound potential from here is high.
Stocktrader
Hi Saleem,
Trimmed a little MHO @ 36.31 as it was my largest position and has already has a great run based on the low rates.
Bought a little more LYFT @ 52.23 based on my high conviction of a rebound from here.
Stocktrader
Hi Stocktrader,
Good luck with more LYFT....
Thanks for your detailed reason for buying.....
Saleem
Post a Comment