Futures are sharply higher reflecting growing confidence that world economic activities are perking up.
This market has added juice with thousands of skeptics who keep insisting that we are headed for retest of lows any moment.....
Most sharp upturn always have great following of skeptics or extremely reluctant participants whose finger is always on sell button.
Nasdaq is closest to all time highs...this week may do it in style
S&P 500 and other indices are ready to jump above 200 DMA thus completing 50 DMA & 200 DMA left behind in dust....
SOX is 2nd best position to take on new all time highs after Nasdaq
Those who are overweight this market are reaping benefit big time...
There may be a mad rush to get in when we open for trading on post memorial day .....
Tuesday may show what a strong open looks like.....
Biggest gains may come from economic ridden laggards like Airlines, Cruise lines, Oils...to name a few....
I strongly believe that biggest gains going forward may be in oil, gas, exploration stocks, they are still near bottom of the range......
Money is made in market with conviction first with TAPE and then with strong comfort level stocks..
Biggest expert is within you, you just have to follow your research, instinct and conviction.....
It is not late to take advantage of this TAPE......
PARTY is just getting started.....
Start your engine......
Good luck with your own interpretation of this TAPE and your comfort level.
BLOG does NOT give buy or sell.
Saleem
13 comments:
Good Morning Guys,
Saleem, you are right on.
Market is on the high note today. Laggards are now rallying and sector participation across the board is pretty impressive.
NVAX, SRNE, LK, AVYA, ELF, ELY.. all opening with strong gains.
I plan to sell few high flyers this week and move funds to beaten down sectors.
Thank you for your blog notes.
Paramjeet
Hi Paramjeet,
Thanks for your appreciative note....
Good luck with your strategy!
Saleem
Hi Saleem,
Sold LK at 2.15. A 54% gain.
Thanks
Paramjeet
Hi guys,
Great week for everyone!
Last week: +8.25% (YTD: +20.90%0
Notable Winners: KRA HUYA ELY LITE NXPI UPS
Notable Losers: ELF (sold too soon!)
The market keeps rolling and it's hard to stay fully invested even though that seems to be the right trade. Re-opening stocks took the mantle last week, but even the highly overbought tech stocks remained on a roll. I look for that to maybe pause this week, but there are many investors that still need to deploy cash. A balanced portfolio is essential right now because winning sectors are rotating.
Holdings: KRA PINS NXPI AKAM WEN UPS TER LITE LOW HUBS AVYA, cash 19.9%
Stocktrader
Hi Paramjeet,
Great trade with LK
Saleem
Hi Folks,
Sold KRA @ 14.88
Sold 30% HEPA at 2.01
Added 50% ONEM at 34.21
Bought CLVS at 6.86
Thanks
Paramjeet
Hi guys,
Sorry have been busy today with more installers at the house. Great trade on LK! I wish it was more investable for the longer term.
I was also busy and Friday and missed a morning note about the nice ramp in prescriptions, especially versus its main competitor. By the time I'm finally settled and can think about it, the stock is nearly 20% higher...
Looking at SQ BHVN AGCO DKNG WDC WFC DDOG PLAN, but definitely don't have room for all of them, so I have to make some decisions.
Stocktrader
Hi guys,
Oops, was talking about BHVN in the second paragraph and forgot to indicate that haha :)
Stocktrader
Hi Saleem,
Sold KRA @ 16.03 to take profits
Stocktrader
Hi Saleem,
Sold TER @ 64.99 to take profits
Stocktrader
Hi Stocktrader,
Nice profits!!
I added PS at 20.60
Biotech got a little weak and I see sector rotation going on. Will evaluate Healthcare exposure tomorrow and adjust.
Thanks
Paramjeet
Hi Stocktrader,
Good moves in booking gains$$$$$
Saleem
Hi Paramjeet,
I am fairly excited to get some of the high fliers on sale compared to their recent prices. Hopefully we get a pretty good dip!
Stocktrader
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