Indices closed mixed with Nasdaq being the-best performer followed by S&P 500. DOW & Russell 2000 were weak.
Fed policy statement came as expected NO HIKE but warned on 2 more hikes...
Fed also confessed that economy may show positive growth
Here is what I did in my portfolio:
Sold TSLL in pre market @ $17.74
Bought AI @ $42.46 in pre market
Bought SHOP in pre market @ $64.24
Added 40% AI after open @ $42.00
Portfolio ARKK AI SHOP RIOT BTCC.TO
Exposure 50%....
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hi Stocktrader,
Bought NIO @ $9.35
Saleem
Hi Saleem,
Good luck with more overall exposure and NIO!
The resiliency of this market is incredible really.
Stocktrader
Hi Stocktrader,
Select stocks are flying daily, sign of " playing catchup or running away "
Saleem
Hi Saleem,
Sold TNA @ 34.93 on underperformance
Bought SQQQ @ 19.52 for some portfolio protection
I still think the rally broadens out, and the big cap NASDAQ stocks are the obvious choice for source of funds given their run and the lack of need for their "safety" if things are really going to be ok.
Stocktrader
Hi Saleem,
Sold ENPH @ 178.41 on low-cost competitor concerns, especially at TSLA
Added to SQQQ @ 19.45 for more protection
Stocktrader
Hi Stocktrader,
Good luck with SQQQ....
Good to trim on relative prospect...
High Volume trend is my big guide in daytrading....
Saleem
Hi Saleem,
Sold LYFT @ 10.63 to take profits in this second-tier player
Although there is room for a re-invigoration of the business under the new CEO, I prefer to see that develop first. There is also a takeover possibility at any time, but I can't be in the stock just for that after this huge run from the bottom.
Stocktrader
Hi Stocktrader,
Good to book gains & redeploy....
Good analysis of LYFT....
Saleem
Saleem,
I have been a frequent visitor of your blog started back in 2008 when you lead us through the market slump. I was glad that I found your blog and used it extensively as a guide for all my trading through the market turmoil.
Even though I did not make any comments, I was probably afraid I made some mistakes or not saying the incorrect words. However, I read every word in your blogs throughout the years. I cannot imagine how much dedication you have put into your research and thought to write a nice blog every day. I checked many times a day and got used to it. You have done an outstanding job that no other analysts could compete with.
I remember you had considered stopping working on the blog back in 2011 and I was the one who tried to convince you to continue the blog to help other traders like me through the rough markets. It has been so many years past. I am grateful for your time. It is so valuable that nothing can compare.
I did not say anything this time since maybe it is the time for you to take a rest. It is unfair to ask for your dedication. However, I am so glad that you can continue to keep your blog alive and share your trades/thought. I would like to thank you for all your hard work.
Michael
Hi Michael,
Thank you so much for your appreciative note, Yes, I remember very well about your message back in 2011, they are all part of my BLOG all saved IF anyone ever want to see what I wrote and what others said all these years.
YES, I have dedicated myself for this sharing of my humble knowledge day after day with originality and my OWN take....
Stock market IS a very tough & rough place to make money, BUT I offer a very CONTRARY opinion on most days as market is NEVER BLACK or WHITE....opportunities are always there even on darkest days.....
Idea is to make money even in a challenging environment......
I am glad that you are reading & visiting BLOG on a frequent basis....
I am really happy you wrote, appreciation we all need to keep going!!!
Saleem
Hi Saleem,
Bought more SQQQ @ 19.26
Stocktrader
Hi Stocktrader,
YES YES SQQQ is deeply oversold.....RSI @ 23.40 is a no brainer....
Saleem
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