US market is poised to " rocket UP " based on two key development...
US banks are given clean bill of health to buyback shares and increase dividend
US banks passed stress test with flying colors
Stimulus bill is hours away from being approved...
Above two key development is like putting more fuel to the stock market bullish fire
Monday could be the day when we may create many all time records...keep counting
IF you are in this market with maximum exposure which I am, it could be a banner day to count profit.
IF you are in financials, which I am not, may see biggest gains .....
SO IF you could add @ open, it could be the best add you will ever make to your portfolio.
SO..do your home work quickly, check charts, fundamental analysis and RSI and just add any stock which you may like.
As far as RSI is concerned, following number are given for your own analysis:
TAN 74.98
IWM 73.85
Nasdaq 70.77
SLV 64.53
SOX 64.18
S&P 500 63.53
DOW 59.63
XLF 58.16
GLD 56.53
XLE 56.44
As you can clearly see Solar stocks, Russell 2000 and Nasdaq are leading the pack
Gold stocks and energy stocks are @ bargain basement bin, may have most potential to go UP IF Oil prices stay high as it is already.
US$ is taking a beating which should benefit Oil, Crypto, Gold, Silver, Copper to name a few....
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: +4.47% (YTD: +139.48%)
Notable Leaders: GRWG SUMO FUBO(without me) ELY SQ TWLO
Notable Laggards: FDX GM TPR
It was another "story" week as future growth leaders rocketed again. This late into the year, the liquidity dries up and selling is mostly absent, but surprise developments on the vaccine could cause volatility or precipitous declines if there is truly a new threat. The major question is whether this new UK strain, or any other future mutations, is covered by the current vaccines. Those details are yet to be known. Story stocks could end up working no matter what however.
Holdings: SUMO TWLO SQ TPR HUBS ELY SNAP EAT COTY GM FDX HCAT, cash 24.3%
Stocktrader
Hi Stocktrader,
Last week Down 4.61%
YTD UP 61.34%
Saleem
Post a Comment