US stock market is looking for catalyst to make any headway, currently its going nowhere fast.
Russia vs Ukraine has taken center stage, its going @ its own pace without any real intervention from EU & USA...
Market is also waiting for US Federal Reserve to show its hand, in the meantime every pundit is representing Fed.....
US$ is raging ahead along with commodity complex.....
Crypto currencies are lost in this war & Fed .....Crypto is following stock market in southern direction, both looking for solid support.
Stay home & reopen stocks, both are slumping to add to more confusion....
YES...there is some good news which is stuck in the background of war & fed, that good news is COVID-19 is getting old & very weak thus allowing countries to reopen tourism & their economies full blast....
BUT IF we are in a bear market as most traders believe, then nothing matters, good news is bad news and bad news remains bad news....everyone will look for reasons to sell in any uptick which is a recent strategy.
NOW....the question is ....how to position in this " bear market "
Recognize that bear market also last a long time, no quick fixes works...
SO mark your time in a passive manner which could be months like end of October which may bring some strength to move higher than current level.
Or reduce exposure to bare minimum .....
No matter what you do, bear markets are very painful and have sat through many over 5 decades.
Good luck with your own interpretation of this market and your own strategy.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: -1.91% (YTD: -14.82%)
Notable Leaders: DE ZIP USER ENPH SAIL
Notable Laggards: BMBL ZENV GLBE BMEA LYFT UPST
In another unpredictable week for stocks, with many commodity prices spiking, the averages and the portfolio fell similarly. The great earnings reports are still being individually rewarded, but the numbers really have to be impressive. I moved to 100% weighting as I think the multiple crises we are facing, including Ukraine and the Fed, have reached peak fear levels, which should lead to upside from here. I hope I have navigated the downside well enough and positioned properly for the next leg higher.
Holdings: DE FDX ENPH PLAY SAIL SNAP GLBE VERI UPST BMBL CXM LYFT ZENV BMEA, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 7.52%
YTD Down 2.31%
Saleem
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