US stock market is on the verge of piercing through its recent low...
US stock market remains hostage to " news "
Ukraine west is seeing missile warfare.....
Fed in an uncomfortable position of dealing with reality of runaway inflation & war
No matter what fed does this week will not have any impact on spiraling inflation
Stock market is witnessing too many "death cross ".....means more trouble is on the way
This market is becoming more troubling by the minute for everyone except commodity laden stocks which is contrary play now...until news impacts their uptrend like " demand destruction "
When market becomes extremely difficult, we need to have conviction & patience IF your home work is based on new reality.
Currently many sectors are in deep bargain including technology
Have a portfolio which is very well diversified in sectors which may benefit from current & future reality
All we can do now is to hope for a resolution on war front which is the most recent headache of US & world stock market, this war is dragging on too long without end game in focus.
Try to focus away from market monitoring as it will react according to its own plan, overtrading will not help, a good game plan will...
Good luck with your own magic wand, who knows it may help....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Last week: -2.02% (YTD: -16.54%)
Notable Leaders: BMBL ZENV ENPH LYFT
Notable Laggards: UPST GLBE MNDY SNAP CXM
If we thought the worst was over a week ago, we were mistaken as the averages saw large weekly declines once again. This is curious to me as I feel like we are overcoming fears on all three of the fronts including covid, the Fed, and Ukraine, but sometimes the market will overshoot in a direction. I still contend the valuation reset given world conditions has been appropriate now, and I expect the market to form a solid base near these levels from which to move higher. I've been lucky/good in that many of my post-earnings reactions have been positive, which has kept the portfolio in relatively good shape compared to growth peers. I look to remain fully invested and continue to look for specific opportunities.
Holdings: FDX DE ENPH SNAP SAIL PLAY VERI LYFT GLBE CXM MNDY UPST ZENV BMEA, cash 0%
Stocktrader
Hi Stocktrader,
Last week UP 1.63%
YTD Down .68%
Saleem
Hi Saleem,
Great performance last week in these tough times!!
Stocktrader
Hi Stocktrader,
Thanks for your feedback, much appreciated!
I am sure, you are all set to move UP hard & fast....
Saleem
Hi Saleem,
Sold MNDY @ 114.29
Bought TWLO @ 124.97
A little shift among speculative stocks to try and find better value.
Stocktrader
Hi Stocktrader,
Good luck with TWLO
Saleem
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