US stock market has been waiting for many key data and policy statement.....they have come & gone..
NOW WHAT.....
Fed speak caused a mini rally....
Many stocks have pulled back to a level where equity allocation will be in force....
Those 5% yield will look nothing compared to 25% gains which lies ahead in many equities by end of Q1 2024
Smart traders & investors have remained OPTIMISTIC despite INFLATION & HIGHER RATE LONGER fed strategy....
Even when you have a 1 year time frame strategy in key stocks, 5X gains are possible compared to safe & guaranteed T bills.....
Here is a list of select few key equities in terms of RSI :
AI 36.33
SHOP 41.29
META 41.30
PLTR 41.54
AAPL 44.08
MSFT 46.16
TSLA 47.06
AMZN 48.84
CRWD 49.23
GOOG 54.72
NVDA 55.49
AS you can clearly see many world class growth driven companies have been trashed lately.
From the above list only NVDA GOOG & AMZN are above 50 DMA & 200 DMA....SO IF you want to play strongest card buy all 3 & wait with conviction for 1 year.....
Rest of 8 stocks are all ABOVE 200 DMA
OR
Pick any 5 from above list based on your OWN CRITERIA / PREFERENCE...chances are very high that NOT only you will beat market return plus more....
YES...cloud has cleared
YES...there IS sunshine
BE OPTIMISTIC
We have worried enough since end of July about inflation & Interest rates....they are all discounted by now....
Good luck with your OWN pick with PATIENCE & CONVICTION...
Thou shall REAP & PROSPER....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Last week UP 1.28%
YTD UP 94.16%
Saleem
Hi Saleem,
Last week: +1.70% (YTD: +90.64%)
Portfolio Leaders: IONQ
Portfolio Laggards: NVDA(from purchase)
It retrospect, it was a fairly muted week for the portfolio as most stocks churned while trying to form new bases ahead of a next move. The NASDAQ outperformed with small caps actually losing, likely a symptom of higher rates and lower summer liquidity. We got past NVDA's earnings and Powell's Jackson Hole speech without much change in the landscape, so it's likely we can move higher from here into year-end with the prior winners staying the winners as capital gains games matter significantly for some stocks. I sold off most of my hedges during the mid-week decline to take advantage of buying oppportunities, and I will continue to adjust the portfolio for strong stocks as I think the overall market reset in terms of price and sentiment should help underlying demand for stocks positively.
Holdings: NVDA PINS AGCO PLAY TOST IONQ TYGO BMEA HIMS TZA ZENV(0.2x), cash 0%
Stocktrader
Hi Saleem,
Sold TZA @ 27.18 as I feel the need for this hedge has passed
Bought LYFT @ 10.25 on pullback and with new CEO and ideas and insider buying
Stocktrader
Hi Stocktrader,
Nice $$$$ in TZA
Good luck with LYFT....
Saleem
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