Last week was digestive phase for market where Nasdaq rested and pulled back along with SOX.
Market was adjusting to highest rate of infection in Florida and other states where infection has spiked UP resulting in closure of many planned openings.
California, Texas, Colorado and many states are struggling with COVID-19 issues.
Earnings are going to be a catalyst to market...
Nasdaq & SOX went sideways last week and are all looking to make new all time highs
Microsoft & Tesla reporting on Wednesday which may give very strong close for the week.
S&P 500 is only 4.97% away from making new all time highs, it should make major progress towards that goal this week.
Nasdaq big guns rested or pulled back last week, which was very healthy.
Vaccine news is a daily phenomenon, overall markets are not reacting to it, it is only becoming stock news or sector news.
TSLA technicals are very strong and many technicians are highlighting for option play into earning, could 2000 be in the cards.......
Microsoft which also reports on Wednesday is a much more steady as she goes play. A very long term hold.
United Airlines reports on Tuesday may be a tell tale of what is inside the head of CEO as to how they will manage through this sudden spike.
American Airlines the cheapest play for daytraders reports on Thursday, biggest speculative play in airline industry.
TXN reports on Tuesday bell weather for technology.
SWKS reports on Thursday, may spark a rally for SOX....
SO lot to look forward to this week, but trend is UP.
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi guys,
Last week: +1.15% (YTD: +50.50%)
Notable Winners: RUN LL HUBS LOW NXPI
Notable Laggards: DDOG PLAN SHYF PINS
The NASDAQ took a breather while the small caps surged. This caused some bigger moves, both up and down, in my portfolio, but I came out of the week ahead thanks to some key wins (RUN +27%, LL +9%). As earnings season really starts to heat up, I look to be diversified, with names I expect to have managed the COVID crisis well, and have some cash for opportunities.
Holdings: PINS NXPI AKAM ELY DDOG LOW LITE WEN HUBS BHVN PLAN ELF GAN, cash 16.5%
Stocktrader
Hi Paramjeet/Saleem,
Saleem, well done on the big week!
Paramjeet, that was an incredible performance!
Stocktrader
Hi Stocktrader,
One day portfolio was UP 4 times better than any index...then faded slowly....
Thanks for your message!
Saleem
Hi Saleem and Stocktrader,
Lately I switched to some speculative penny stocks which led to incredible gains. Not sure if this is sustainable for a long run but as long the returns are healthy, I plan to allocate 30% funds to it.
Will see if I can pull this gain this week as well.
Thanks
Paramjeet
Hi Paramjeet,
Money is money, Gain is gain....does not matter which stocks penny or thousand$ made it....
You can take it to the bank anytime$$$$$$
Saleem
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