US stock market has come a long way since testing lows and support area only 4 days ago, we made higher lows and moved UP from there 3 days in a row.
VIX has responded accordingly and is sitting @ 22.79
All major US indices are above 50 DMA after dipping well below....
Last 3 days have seen a sharp upturn in indices and many stocks
It is always wise to stay in market than try to time it
Many traders / investors try to overthink stock market movement and its hysteria which is @ peak near top / bottom
Nobody can predict stock market and its movement on a daily basis or even quarterly basis, interestingly, it is of no consequence IF you are in the market long term say 5 years or longer.
Statistics about markets have been proven that it IS the-best investment compared to any other type short of homes in high demand areas like SFO, NYC DC Toronto Sydney London Hong Kong Singapore etc......
SO stay put in markets with a long term strategy and keep adjusting as we go along based on fundamentals or technicals....
It IS important to see relative performance of your portfolio vs index vs stocks in same industry, there is such a thing of " outperformance "...ensure your stock is that stock which IS beating peers and averages.
Passive investment is OK, BUT staying with DOGS is not......
As we are trying to build momentum in this TAPE make necessary adjustment to beat averages
Good luck with your own strategy & comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: +5.31% (YTD: -8.50%)
Notable Leaders: LYFT GTLB SNAP ENVX BMEA
Notable Laggards: ZENV SYM PLAY
The portfolio surged this week along with the market, driven by quite a lot of company-specific news for the 1st full week in September. As we grapple with a persistently-hawkish Fed despite seemingly better inflation numbers, ultimately the market will always be driven by innovation and adaptation by the best companies as they navigate the economic landscapes. I look forward seeing how the market's outlook evolves into year-end, and looks toward what may happen next year, and my base case remains that inflation will moderate significantly and the economy will show some growth, which sets the stage for a grindingly higher rally over time.
Holdings: PLAY SYM ENVX LYFT GTLB IONQ SNAP FLL UPWK BMEA ZENV, cash 0%
Stocktrader
Hi Stocktrader,
Last week UP 7.48%
YTD Down 4.28%
Saleem
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