Indices closed in all time highs in DOW & Nasdaq, Russell 2000 also blew past 2021 high....
S&P 500 @ 5987.37, high 6020.75, low 5963.91
Internals :
UP volume led by 2.29 to 1 in NYSE & 2.13 to 1 in Nasdaq
Advancing stocks led by 3.00 to 1 in NYSE & 2.64 to 1 in Nasdaq
Net new highs were leading by 796 in NYSE & 1792 in Nasdaq
VIX down 4.20% @ 14.60
Oil @ $68.94
Gold @ $2620.80
Canadian $ @ .5992
Portfolio AAPL MSFT SHOP CMG GDXJ SMCI TSLA
Rotation is in vogue.....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sorry for the delay in the post.
Last week: +9.12% (YTD: +9.17%)
Portfolio Leaders: MSTR(sold) DXYZ(sold), LOVE(sold), ZENV BMR, all > +15%
Portfolio Laggards: PSNL
A strong week for the indices was also a strong one for the portfolio as strength was widespread but especially in small caps (+4.46% on week). We are in the phase of the market where institutional winners "can't" get sold as waiting just 5 more weeks can defer the taxable gains for a whole year, potentially with some new offsets by then. This begets a rolling bull market where new stocks every day decide to shoot higher. The key is to stay involved and look for fresh ideas and charts after a big run allows you to take profits. I have finally refreshed the portfolio with new ideas and it is paying off well - I hope the momentum continues throughout this year and into next.
Holdings: BITU(x2) PAR BOX PRGS MTRN OSIS PLNT CNK ZENV BMR, cash 9%
Stocktrader
Hi Stocktrader,
Bought NVDA.NE @ $32.30 in Toronto
Saleem
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