US stock market remains in focus for most market participant day in and day out.
Every tick is analyzed with utmost devotion as IF one must find answer to every UP tick or DOWN tick..
YES It IS important to get a sense of direction of market...BUT all effort may be futile in the scope of real action......
REAL ACTION is always in stocks which generally DEFIES all market focus or obsession...
INFLATION & INTEREST rate is the latest " end all & be all FOCUS "
BUT tell that joke to most AI focus stocks and its investors & traders.....they are all laughing all the way to their hefty gains in their portfolio.....
SO keep worrying about markets, Fed, inflation & Interest rates....sure it will keep you distracted from real focus...how to make money or better, how to keep making more money than so called pundits of wall street...
It is very interesting to see that most wizard of wall street do not have any handle on the biggest innovation of 2023...which IS AI....
Artificial Intelligence has been in play in many companies for a long time like GOOG, META, TSLA, AAPL that is why they all know so much about our behavior & preferences and keep optimizing their products every 6 months and we fall for it repeatedly....
when I look @ few prominent AI companies, It is simply amazing that they all were making new highs daily, even as recent as Friday....
So much for market impact on best and brightest companies on planet earth....
Here is the real numbers of AI companies as of Friday's close from their highs :
META .032%
AAPL .047%
NVDA 4.05%
MSFT 4.68%
MRVL 14.96%
AMD 17.18%
PLTR 18.24%
AI 31.68%
TSLA 38.09%
I am sure some of you may be surprised @ this AI companies summary, It IS a snapshot of Friday's close...most looking very good and last 5 NOT so good......
Investing / trading is all about RISK / REWARD going forward.....
SO...based on the above market verdict...where would you Invest / trade your highly valued $$$$ allocation.....
OR
Maybe select 3 stocks
1 from best performing
1 from mid performer
1 from last 2
Some of you may go for bottom 2 only......
By the way I have exposure on bottom 2 as of Friday....
SO...that is my thought for this Sunday for you.....
Good luck with your own analysis from Oil to Gold to AI and your own comfort level....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Last week: +0.84% (YTD: +93.39%)
Portfolio Leaders: SQQQ PINS RCL
Portfolio Laggards: ZENV SCCO IONQ HIMS
The large short position helped the portfolio make gains in an otherwise digestive week for the indices. It is common to have this summer lull after big gains, but it often sets up for even more gains later in the year. I am trying to stay nimble and respect the charts, but also keep going with my positive company ideas. It can also be difficult to keep powering the portfolio ahead after such a run already, so I've taken a more neutral overall stance for now. As long as things keep working, I'll keep doing them! Good luck to everyone as we finish an incredible half-year this week!
Holdings: SQQQ(x4) RCL PINS SCCO SYM HIMS IONQ ZENV, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 17.24%
YTD UP 98.03%.....
Saleem
Hi Saleem,
Trimmed SQQQ @ 19.77 to raise cash
Bought BMEA @ 26.26 on great preliminary diabetes results
Stocktrader
Hi Stocktrader,
Good luck with BMEA...
Saleem
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