Sunday, November 10, 2024

US stock market in MOMO mode.....

 US stocks got an incredible lift with the election of Donald Trump, his pro business focus has already created a "Bullish storm " in key sector of market.....

Bitcoin is already trading over $80,835 an incredible jump of $4300 as I write....Trump is taken as " huge supporter of Bitcoin as a reserve Asset for Treasury..... 

What I am really saying, President Elect has changed " investment landscape upside down "

Solar is in deep slump

It IS time to understand what has changed & why....

Investing / trading is all about " adapting to new reality "

Some stocks are behaving like a " runaway train " with tremendous throttle......

I have never seen " such a narrow set of stocks which is running so hard & fast.

There is no real playbook for this kind of " momentum "

You just " watch & learn from live stream "

Please do not ignore where " real momentum lies "

YES I had to adjust in a hurry also and may enter some trades again....

Also I may remove " laggard "

Serious money is being made " IF YOU GO WITH THE FLOW "

There is a new investment thesis " DO NOT FIGHT TRUMP IDEAS "

Good luck with your own analysis of what IS working on NYSE & NASDAQ biggest gainer list

BLOG does NOT give buy or sell.

Saleem


11 comments:

Stocks100 said...

Hi Stocktrader,

Bought RIOT @ $14.21 in pre market.

Saleem

Stocks100 said...

Hi Stocktrader,

Sold BTC @ $7.50

Sold BTCC.TO @ $15.77

Saleem

stocktrader_1996 said...

HI Saleem,

Good luck with the bitcoin repositioning!

Last week: +7.99% (YTD: +3.89%)
Portfolio Leaders: IONQ FLYW PAR MSTR DXYZ
Portfolio Laggards: HASI PSNL

It was absolutely the busiest week of the year with a presidential election, a Fed meeting, and earnings from so many of my owned and watchlist companies. In the end, both the markets and the portfolio did well, and some new purchases immediately started working. We are now officially in the "end of year" period and strong stocks should remain strong with not much to disrupt. The only hiccup comes when individual names get stretched too far and lack of willing buyers causes a small air pocket. I'm not sure how many rotations I will try to make in the next 6 weeks, but I still try to keep valuations in mind.

Holdings: MSTR PSNL BOX FLYW DXYZ PAR CSTL PCT CNK ZENV HASI BMR, cash 0%

Stocktrader

Stocks100 said...

Hi Stocktrader,

Last week UP 8.69%

YTD UP 32.34%

Saleem

Stocks100 said...

Hi Stocktrader,

Sold RIOT @ $15.60

Saleem

Stocks100 said...

Hi Stocktrader,

Bought SHOP.TO @ $125.30

Saleem

stocktrader_1996 said...

Hi Saleem,

Nice quick profits and re-deploy!

Stocktrader

Stock Rookie said...

Congrats both on a stella week gains. Good luck with all the new picks$$$$

Stocks100 said...

Stocktrader & Stock Rookie,

Sincere appreciation for your highly valued feedback...

Saleem

Michael said...

Hi Saleem,

Congrats on your amazing performance year to date. Your blog before election results turned out 100% correct. I was on the wrong side of the trade and slowly to adjust to the fast and furious move with T's stocks. I sold TSLA and MSTR before the election. I will need to readjust my portfolio to get back on track.

Michael

Stocks100 said...

Hi Michael,

Thanks for your feedback much appreciated.

Regarding your decision based on election outcome, @ least that event is gone for 4 years.

Start all over with proper FA/ TA/ Trendline.....

Most important guideline I can give you IS...go with what is working....Idea is to make money NOT to like any stock....ZERO emotion is the-best strategy...

Good luck with your picks$$$$

Saleem