Next 14 trading days should be very interesting.....for US stock market....
AI is in vogue
Quantum Chip is in vogue
Bitcoin is in vogue
Chip & Memory makers are in vogue
BUT....
NVDA is left way behind.....?????
Many Indices are testing support ???
Few key stocks are making daily new all time highs????
Sound confusing......
Definitely CONTRADICTORY action......
Such IS the stage in US stock market these days.....
SO.....you can sit back and be an observer of all this....
OR
You could be part of these contradiction based on your trading style.....
US stock market is changing
Many many technicians have NO CLUE as to WHY......
Few things are very close to reality, some stocks are going higher & higher on a daily basis....TREND is definitely UP......
SO....going forward...WILL REQUIRE an ALERT & QUICK RETAKE on entire trading FOCUS.....
Good luck with your own analysis of this TAPE & your comfort level.
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Last week Down 2.28%
YTD UP 74.56%
Saleem
Hi Saleem,
Last week: -1.78% (YTD: +10.99%)
Portfolio Leaders: ZENV
Portfolio Laggards: CNK UEC PAR
It was a slight pullback week for the markets and the portfolio as small caps underperformed. A digestion process after such a strong run is healthy in the broad sense, and we may have done enough of that to allow a favorable Fed decision this week to propel us further. Once we get past this week's options expiration there is traditionally not much left for action, and positioning for next year takes center stage. I hope to capture some final gains and close out the year strongly :)
Holdings: BITU(x2) CNK (x1.5) SOUN PAR PRGS ZENV SRRK PLNT BMR UEC, cash 0%
Stocktrader
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