US stock market rally was stopped due to interest rate jitters.....
Finally on Friday there was capitulation followed by a " major reversal "
Hopefully we should go on for " series of new highs "
Technology remains a favorite place to overweight
Many sectors are performing on a selective / rotation basis
It IS important to have broad based portfolio to gain benefit from " rotation "
AI has been a success story where frontline players like NVDA stole the limelight but second tier may dent their absolute leadership by bringing also ran chips which may be 1 generation behind....
AI race is ON...with more players playing catchup......
Any new 52 week highs is worth noting in any sector...
Stock splitting season is here with NVDA & CMG as lead players....
May is gone with all its volatility BUT a much more calm June is here, take a look @ your portfolio and see IF it needs revamping...
Good luck with your own take of market / sectors...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Last week Down 4.50%
YTD Down 2.60%
Saleem
Hi Stocktrader,
Sold AMD.NE @ $31.54
Added 175% NVDA.NE @ $106.86
Saleem
Hi Saleem,
Sorry I was out of town this weekend and took a while to get going today!
Last week: -2.93% (YTD: +14.58%)
Portfolio Leaders: TWST ALAR
Portfolio Laggards: BMR ZENV FLYW
The smallest of the portfolio stocks got hit the hardest as interest rate fears flared again. The major indices pulled back slightly as we continue to digest the market and economic environment. I feel like it will be a slow summer given the price action already seen so far, so it may be a slog for a few months here. I stay vigilant to opportunities as they will always present themselves.
Holdings: ZENV HOOD SPOT TWST MTRN AMKR ALAR FLYW PSNL BMR, cash 0%
Stocktrader
Hi Saleem,
Good luck with the swap into more NVDA!
Stocktrader
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