US stock market is seeing lot of volatility lately, most of it is on the bullish mode.....
Many may be feeling that they have missed the right stocks or the right trade....
Any bull market is many years long......involving many stock splits....
This TAPE was in horrible downtrend until end of October of 2023...only 90 days ago.....
Nasdaq has not made new all time highs YET.....almost 300 points to go...15,901.47...to be exact....
IF we look @ YTD stat on key Indices & Stocks...here is the latest approximate numbers :
DOW UP 3.08%....
S&P 500 UP 4.4%
Nasdaq UP 6.32%
GOOG UP 4.35%
MSFT UP 11.08%
AMZN UP 13.16%
SHOP UP 13.70%
NFLX UP 21.5%
META UP 33.80%
NVDA UP 35.10%
IF we look @ above YTD numbers, we will notice that this bull has just started and we can design any strategy to benefit from above example.
We need to look @ how we will end 2024 NOT just January performance...we had only 2 days of February so far....
Bottom line IS, stock market can play a sense of deprivation IF we look @ 1 months action only and get totally mesmerized by META & NVDA
BUT within above table you will see huge bargain going forward.....
As the saying goes " not all stocks are created equal "
2024 will end with the biggest price gains based on AI based RESULTS NOT IDEAS.....
AI boom has " just begun "
Good luck with your own homework & AI based research.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Last week Down 3.75%
YTD Down 13.61%
Saleem
Hi Stocktrader,
Sold 70% CNQ @ $80.50
Bought GOOG in Toronto @ $24.59
Bought MSFT in Toronto @ $30.08
Saleem
Hi Saleem,
Good luck with new picks!
I am finalizing last week's numbers and will have them later today.
Stocktrader
Hi Saleem,
Last week: +1.17% (YTD: -7.37%)
Portfolio Leaders: SNAP SPOT MTRN
Portfolio Laggards: PSNL ENPH TYGO
In another week of small-cap index declines, the portfolio managed to make some gains. Stronger economic data pushed up yields again, but the market seems to have taken it in stride as it likely means earnings will hold up, especially as companies continue to cut people and expenditures. Finally the portfolio will see some earnings reports with SPOT AGCO SNAP on Tuesday and ENPH on Thursday. I have waited for these reports all year, and hope the company prospects exceed expectations, some of which are already elevated.
Holdings: SPOT ULTA AGCO SNAP HIMS LYFT MTRN ENPH PSNL ZENV(0.5x) TYGO(0.5x), cash 0%
Stocktrader
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