US stock market is again caught in stimulus signature game...
IF the stimulus bill is signed, then the market may resume its uptrend...
IF stimulus bill is not signed by Monday open, market may justifiably throw tantrum
There are other issues facing world markets....issue of new strain of COVID-19 which is spreading fast in many parts of the world, Britain, Japan, Korea and many other countries.
China is also facing Corona Virus issue again in one city, they have shut down that city.
Canada is also facing resurgence of COVID-19, Ontario has gone into complete lockdown till end of January, this is a province of 14 million residents
US is still seeing increasing infection, hospitalization and deaths...
How US stock market will take all this is yet to be seen until we open on Monday....
Any negative reaction to lack of stimulus and resurgence of Corona may last 1 trading day, thus a buying opportunity.
Sector wise a broad based diversification is highly recommended for 2021
Technology will remain in play without participation from most highest market caps
Restart companies will be the theme for 2021
Last day of trading to close 2020 is Tuesday in Canada, plan your trading accordingly.
Good luck with your own analysis and comfort level.
Here is my portfolio weighting with 33% add on to MGM on Thursday the 24th December, 2020 :
SU 29.12%
AAL 14.33%
MGM 13.82%
BB 11.34%
CCL 11.05%
APA 8.58%
AG 6.13%
TECK 5.63%
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Last week: +0.85% (YTD: +141.51%)
Notable Leaders: HCAT TPR SUMO EAT
Notable Laggards: FUBO SNAP SQ
It was a quieter with the the small caps leading once again. As we wind down toward the end of the year, there could be more volatility as liquidity is lower than usual, but re-opening trades should continue to be on people's minds. How a company might do relatively in 2021 will likely drive flows.
Holdings: SUMO TPR TWLO SQ HUBS EAT ELY COTY SNAP LITE GM HCAT FDX FUBO, cash 13.7%
Stocktrader
Hi Saleem,
Bought SHOO @ 35.11 to add cyclical exposure
Stocktrader
Hi Stocktrader,
Last week Down 2.12%
YTD UP 59.22%
Saleem
Hi Stocktrader,
Bought CNX @ $10.70
Saleem
Hi Saleem,
Good luck with CNX!
Added to FDX @ 266.54
I think people are not giving enough credit for how much of a re-opening story FDX is also.
Stocktrader
Hi Stocktrader,
Good luck with SHOO and more FDX
Saleem
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