US stock market is struggling these days with regulators who are creating uncertainty.
Fed meets this week and giving mixed signals as IF they are not going to be done anytime soon, a recipe for further decline.
Inflation IS taking a toll on all consumers from gasoline to groceries to cars...last 2 @ historic highs
BUT during all this Financials are the strongest sector and the-best performer last week.
DOW is the second best performer...
In the bargain bin is SOX...worst performer
Nasdaq is second worst...
Market always gives you signal where the strength IS.....
Our job IS to recognize leading sectors and have exposure there.....
EASY money has been made...
It IS going to be tough going forward as we stay entrenched in our " old strategies and stock picks"
XLE or energy is showing good TAPE action many stocks are attractive in this sector
IF you are not sure about what to do, @ least reduce your exposure which I have done several weeks ago.....have reduced by 40%.....
YES ....IT IS tough to make money but follow your own specialty and check for FA & TA....
Many strategist talk a good game, BUT they are generally on the wrong side of market thus all their hyper analysis makes no dollar for you.
Slow & steady wins the race.....
DO NOT chase anything NOW...that game has been played to the hilt.
Good luck with your own take of current market status and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Last week: -2.33% (YTD: +95.67%)
Portfolio Leaders: SQQQ
Portfolio Laggards: FNKO HIMS BMEA TZA JETD
In a mixed week for the markets, the portfolio declined due to profit taking in some stocks while hedges showed a mixed performance. A hasty initial purchase of FNKO also cost the portfolio. Many of the high-flying charts are showing signs of topping, but it remains to be seen as to whether this brings about a general market weakness or just a rotation into lagging stocks on the year. I am positioned for further weakness from here on a variety of factors like the tightest money from the Fed in two decades and AI hype that won't meet reality (except in NVDA's case), but I could still be wrong and am evaluating constantly.
Holdings: SQQQ(X3) JETD(x2) TZA(x2) TYGO BMEA HIMS ZENV(0.2x), cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 3.74%
YTD UP 116.58%
Saleem
Hi Saleem,
Swapped some SQQQ for more BMEA after good preliminary data was released.
Stocktrader
Hi Stocktrader,
Good luck with BMEA....
Saleem
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