US stock market is showing a mixed picture.....
DOW is strong
Financial strong
SOX strong
S&P & Nasdaq is showing weakness
There IS divergence NOW
Rotation is going ON
TAN or Solar is the weakest in my universe
IS Nasdaq & S&P 500 going through its normal digestive phase ?
Within Nasdaq semiconductors are showing renewed strength, so It Is a mixed picture.
Stock picking IS becoming more crucial @ this stage of rally, all boats are not being lifted anymore.
Some Nasdaq stocks are correcting very fast from its recent surge...
Thematic selling is getting overdone like GOOG / AMZN
Going forward, It IS important to book profit when its there.
It IS becoming a day traders or swing trading market @ best....
It is very important to notice these changes in profile of this market.
Fed officials have tried very hard to push this market down and may have succeeded last week.
BUT market has its own rhythm and will show its buying frenzy this week....
Conviction plus strategy IS the key to book profit.
Oil stocks are defying low oil prices, may NOT last long.....
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Last week Down 7.40%
YTD UP 32.80%
Saleem
Hi Saleem,
Last week: -3.07% (YTD: +36.68%)
Portfolio Leaders: SYM BMEA
Portfolio Laggards: SI PINS BMBL MDB
It was a much-needed pullback week in the markets as many names cooled from a red-hot start. I was in half cash most of the week and it protected me somewhat. As of Friday, I reloaded to take advantage of what seems to be a clear trend to higher stock prices as companies have adjusted to the new reality of the economy and market. It now becomes the matter of picking the ones that show the most promise going forward. More earnings in the growth stocks are to come, and I look forward to seeing the separation of winners and losers and riding them for the year.
Portfolio: SYM PINS BMBL DDOG MDB SI IONQ BMEA BLNK LYFT ZENV, cash 0%
Stocktrader
Post a Comment