US stock market IS making series of new all time highs....
Key earnings report are coming this week & next week.
This week on Tuesday MSFT & AMD is reporting, MSFT RSI @ 75.32
AMD RSI @ 72.91.....
Thursday is AMZN RSI @ 67.05
Reaction to above earnings report is hard to predict as It IS all about AI related impact & AI based guidance...
Whenever a new catalyst is @ play like AI...It can go on much longer & faster price action wise
MSFT is among 2nd biggest beneficiary of AI phenomenon after NVDA
AMD is playing fast catch up in AI chip and could gain substantially going forward....
AMZN has been in AI and improving it all along...could be a huge winner..
Major player in AI NVDA, AMD, MSFT, AMZN, GOOG & META are declared leaders in AI arena
US stock market is showing all the strength of a major bull run, so position accordingly....
One can trade or stay put depends on your trading / Investing style....
Idea IS to make money & stay ahead.....NOT an easy task even in bull market.
Good luck with your strategy & comfort level!
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Stocktrader,
Last week UP 2.37%
YTD Down 9.86%
Saleem
Hi Saleem,
Thanks for the great recap the current markets. MSFT, AMZN, NVDA, GOOG... continue to run towards the new territories. How far they can go? This is a million dollar question. I just hopped on the ARKK train for the ride.
Michael
Hi Saleem,
Last week: +1.11% *YTD: -8.44%)
Portfolio Leaders: HIMS SPOT AGCO ULTA
Portfolio Laggards: PSNL MTRN
In a week where the small caps finally outperformed, the portfolio saw a gain also. I have not sold a stock this year yet (although probably should have) as we wait for individual earnings to set the true tone. We will see a lot of the big tech earnings this week, but it is not really those I am interested since I believe much has been priced in, and I wait for the smaller stocks to report to see the true health of the underlying economy. Other features this week include the Federal Reserve meeting and the January jobs reports, but neither should hold many surprises. I still think the trends of flattening inflation along with decent economic data should promote a healthy bull market behavior and profits.
Holdings: SPOT ULTA AGCO SNAP HIMS LYFT MTRN ENPH PSNL ZENV(0.5x) TYGO(0.5x), cash 0%
Stocktrader
Hi Michael,
In any major bull market which we currently have, sky is literally the limit..have seen it too many times..from Internet to networking to PC boom to Y2K...its northbound in mega caps...
ARKK is much more speculative as Cathie is more of a trader & bargain hunter these days..not a desirable mix given the current mega 6 phenomenon...just my 2 cents...
Good luck with ARKK....
Saleem
Hi Saleem,
Thanks for your comment on ARKK. We will see how Mega 6 behaves after their reports this week. Hopefully, we still see Mega 4 or 5.
Michael
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