US stock market was struggling as is, now comes escalation with Iran joining Israel / Hamas entanglement.
Reaction will be immediate @ open, down it will be below the support level.
BUT....do not be surprised IF we erase majority of the losses by close.
YES....bull market it remains....
Open would bring another rare " buy the weak open "
Most stocks have already corrected substantially and are either at support or not far from it
A little gutsy buy may go a long way to profitable trade
YES....even AI strong stocks are @ attractive buy level...NVDA, SMCI & MSFT included
On wall street, even on bad days...you need to look ahead to tomorrow or weeks ahead
YES...bad days comes and go, but smart buys stays with you until profit is booked....
YES...It IS an optimistic BLOG considering how bad open it could be...
Good luck with your own comfort level!
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Last week: -4.75% (YTD: -0.56%)
Portfolio Leaders: ZENV ALAR
Portfolio Laggards: BMR IONQ FLYW PSNL DCBO
It was a very tough week for the portfolio as higher interest rates and Middle East tensions took its toll on all stocks, especially small caps. The first earnings of the quarter from the bank stocks were received poorly (but some better ones today), and investors look forward to the flood of earnings to come. If we are really having a stronger economy than most everyone expected at this point in the cycle, then the hope is that earnings come through in a big way. In the end, it's earnings that drive stock prices, and even a Fed on hold should provide a stable backdrop for corporate profits.
Holdings: ALAR ZENV SNAP AMKR FLYW DCBO IONQ BMR PSNL, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 5.09%
YTD Down 10.89%
Saleem
Post a Comment