Monday, June 19, 2023

Toronto Exchange down .22%....

 So far Toronto Stock Exchange is down .22%.....

Gold Down $4.50 cash

Oil Down 57 cents cash

Canadian $ Down 2 tick

Sold SHOP @ $85.33 & $85.45...

Sold ARKK @ $17.00

Portfolio MRVL NIO RIOT BTCC

Current futures are as follows :

DOW Down 178.06

S&P 500 Down 23.59

Nasdaq Down 137.23

IWM Down 18.38

Oil Down 65 cents

Gold Down $9.40

BLOG does NOT give buy or sell.

Saleem


10 comments:

Stocks100 said...


Hi Stocktrader,

Sold MRVL @ $60.71 in pre market.

Saleem

Stocks100 said...


Hi Stocktrader,

Sold NIO @ $9.12 in pre market.

Saleem

stocktrader_1996 said...

Hi Saleem,

Smart moves in reducing size! I agree with the assessment about heavily overbought conditions and a Fed rate outlook that keeps bumping higher.

Sold TOST @ 21.79 on strangely weak price action in my opinion

Stocktrasder

stocktrader_1996 said...

Hi Saleem,

Last week: +1.11% (YTD: +91.78%)
Portfolio Leaders: PINS RCL SCCO
Portfolio Laggards: IONQ HIMS

It was a slightly lagging week for the portfolio as I positioned for a decline. I never thought I'd be unsettled with a ~92% gain on the year, but I'm always thinking about the next shoe to drop. I expect some pullback as we seem to have rallied on an easier Fed story coupled with an AI-powered backdrop, but the former doesn't seem to be playing out, and the latter is getting tired - ingredients for a short term pullback. It would be easy to just get outright bearish here given the overexuberant RSIs and sentiment readings, but for now I look at this only as a short term pullback. I will continue to watch and position as we move forward.

Holdings: SQQQ(x4) RCL PINS SCCO HIMS IONQ, cash 9% (after selling TOST earlier today)

Stocktrader

Stocks100 said...


Hi Stocktrader,

Sold BTCC.TO @ $5.30

Left with RIOT in my portfolio.....

Saleem

stocktrader_1996 said...

Hi Saleem,

Locking in profits at >100% returns on the year - a dream scenario!

Stocktrader

Stocks100 said...


Hi Stocktrader,

Would love to close the year with 100%+++

SO...have to be more opportunistic going forward....less risk more reward....a rarity on Wall & Broad Street.....

Much more relaxed today.....

Am sure we will be very very close by year end....2 different style of trading with very similar result...WHO KNEW....

Saleem

Stocks100 said...


Hi Stocktrader,

Bought BIDU $143.22

Bought AI $43.15

Bought SHOP @ $64.25

Saleem

Stocks100 said...


Hi Stocktrader,

Sold RIOT @ $11.30 in after hours

Saleem

stocktrader_1996 said...

Hi Saleem,

Some very nice quick profits! :)

Stocktrader