Markets tumbled badly last week and saw " extreme volatility "
VIX enjoyed the panic and shot up to 25 area....
GLD loving the panic and wants to go higher....
Oil tanking like no tomorrow....
Chinese Yuan....playing with lucky 7 UP & DOWN...
Semiconductor stocks got hit with " NO HUAWEI "
OH...the trade talk with China & USA....might as well cancel till US election results...as it is becoming the biggest strategy for both US & CHINA...stall and wait it out till election and then get a better deal......
OH....North Korea keep firing those missiles to provoke or prop for a better and improved US concession......who knows....
And Iran..got its own strategy in Persian Gulf....
Britain...got its own troubles and Pound sinking in Atlantic.....
Finally Hong Kong......will it or wont it.......
OH about market.....yes there is a stock market worldwide and they really do not have a clue why the world is fallen apart all of a sudden......
Only SOX is above 50 DMA in all its turmoil....
GLD is 5 deviation above 50 DMA....
RSI is loving 40 in all indices.....
XLE RSI is sinking in mid 30's
GLD RSI is 70 and counting...
I think this is a market, you need to be in stocks with improving fundamentals and stronger technicals...
AMD is 13 year sky high......
CMG......keeps going UP......
BUT loved stocks like MU...keeps sinking.....HUAWEI gets the credit
SO....be brave and be in market with a diversified portfolio, sooner than later we may ignore all game playing by HFT & Governments and will keep going higher.....
WHO says market does not like " uncertainty "
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
I'm back finally!
Good luck with more CRON :)
Stocktrader
Hi Saleem,
Last week: +0.37% (YTD: +11.66%)
Notable Winners: PSNL FSLY VYGR BCEL ALB
Notable Losers: GTLS COHU
After a disastrous week prior, this last week showed some stabilization. I've avoided some of the huge tech blowups during earnings season, so that's a victory of sorts. Going forward, I expect the winning stocks to be in a narrow band, but that also theoretically makes them easier to identify. I'll continue to make adjustments as needed based on relative strength.
Holdings: MHO PLAN CIEN ALB GTLS CSTL CHNG BCEL PSNL RUBY VYGR TRIL, cash 13.51%
It is good to have my full set of resources back available!
Stocktrader
Hi Saleem,
Bought SPLK @ 127.18
Stocktrader
Hi Saleem,
Sold ALB @ 68.31 on upcoming lithium oversupply despite good management execution
Bought TREX @ 81.65 on great earnings, a continuing market trend, and high short interest
Added to VYGR @ 20.73 on the pullback and lack of secondary need
Stocktrader
Hi Stocktrader,
Welcome back!
Last week UP 2.82%
YTD UP 73.37%
Saleem
Hi Stocktrader,
Good luck with SPLK, TREX & more VYGR....
Saleem
Hi Saleem,
Bought a little ACST @ 1.94 to use the rest of my cash.
I may add more later if I trim other positions.
I like the valuation of this compared to AMRN with a drug that compares favorably and is not far behind in timeline.
Stocktrader
Hi stocktrader,
Good luck with ACST.....
Saleem
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