Indices closed UP as yield went down.
S&P 500 @ 5116.17. high 5123.49, low 5088.65
RSI @ 51.60
Internals were :
UP volume led by 2.41 to 1 in NYSE & 1.92 to 1 in Nasdaq
Advancing stocks led by 2.72 to 1 in NYSE & 1.63 to 1 in Nasdaq
Net new highs were leading by 119 in NYSE & 11 in Nasdaq
VIX Down 2.40% @ 14.67
Oil @ $82.63
Gold @ $2357.70
Canadian $ @ .6344
Portfolio AMD GOOG INTC META MSFT NVDA SHOP SOUN
50 DMA is being taken out slowly, today it was SMH....next could be Nasdaq...which will repair lot of technical damage...
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Sorry for the delay - it has been a busy day!
Last week: +13.31% (YTD: +4.76%)
Portfolio Leaders: ALAR SNAP IONQ (all > +25%)
Portfolio Laggards: FLYW
In a massive rebound week for the indices, the portfolio did extremely well, notching gains usually only possible in rebounds from crises. Thanks to aggressive positioning and positive results from SNAP, I am back in the green for the year. As we continue to digest both the Fed and the economy, long term interest rates are seeing significant focus. The respite from this "rate watching" only comes once every three months during earnings season, and my portfolio companies are about to put my stock picking to the test in coming weeks. The overall market has several important events like week like earnings from AAPL and AMZN, and the Fed decision and commentary along with the jobs report on Friday. We might be no stranger to volatility, but as always, it presents opportunities. I took some profits on two of my largest gainers late last week, mostly for rebalancing reasons, but it also allowed me to add another idea as we come into earnings.
Holdings: ZENV IONQ DCBO FLYW SNAP AMKR ALAR AI BMR PSNL, cash 0%
Even though the holdings are technically listed in position size order, the first 8 are nearly identical (between 10-11%) with only BMR and PSNL somewhat smaller.
Stocktrader
Hi Stocktrader,
Outstanding week with an aggressive strategy, good to see you reap reward for all your homework.
Glad you are green for the year$$$$
Saleem
Congrats Stocktrader on a stella week and on the green grass. Hopefully Saleem will be there soon. Thank you for all the inputs and recommendations 🙏
Hi Stocktrader,
Bought BTCC.TO @ $11.34 in Toronto
Saleem
Hi Saleem,
Good luck with the BTCC pickup!
Stocktrader
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