US stock market has roughly 14 trading days left in 2023.
It IS good to look back and see where we made trading mistakes.
Also, It IS a great time to plan ahead for 2024 trading
US stock market is always unpredictable in best of days....
BUT last 6 months have been extremely choppy.
From July to October of 2023 it tested nerves, determination & ability to think straight, more reactive than pro active ....
October to December..9 weeks nerves were soothed & calmed with most stock recovered.
SO the big question REMAINS what will work in 2024....
Crypto is moving
Gold is ready to move
Oil may make huge move
Housing may be in bull mode again..
AI remains top idea for 2024 & beyond, leaders will remain major beneficiary, small player may fade into background.
IF one focus on these areas alone....2024 may not be so challenging ....
It IS a good idea to do a thorough homework in analyzing your current portfolio with a realistic & critical approach...
I have already made my moves for 2024 last week....
Please pay attention to forward Sales & PE...IF its NOT moving in positive mode make a quick decision.
Good luck with your own analysis & looking forward to 2024...
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Last week Down 11.98%
YTD UP 95.60%
Saleem
Hi Saleem,
Last week: +1.89% (YTD: +95.93%)
Portfolio Leaders: CVNA PLAY TNA
Portfolio Laggards: TYGO PSNL ZENV HIMS
It was another week of gains as a few star performers held up the portfolio. The rotating bull market grinds forward with different winners each week, letting the past winners rest and refresh for the next up move. My lowest quality stocks drooped this week, and I continue to debate whether to keep them even though their impact on the portfolio lessens as we move forward, and there may be sharp upside if something does go right for once. This week of data and Fed seems important, but I doubt much happens to disrupt the current trend through the end of the year. I'm thinking more about next year at this point and hoping to be properly positioned for the next year's breakout winners. My one lament in the last month is SNAP - I thought it would be mostly flat through December as it didn't appear to have the traction, but it has really taken off without abating and I am left to consider if/when I should re-add. Good luck to everyone in the weeks ahead!
Portfolio: TNA(2x) LYFT PLAY CVNA HIMS AGCO IONQ PSNL ZENV(0.5x) TYGO(0.5x), cash 0%
Stocktrader
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