US market is in a tizzy, every one-off news is taken as a " major trend "
Technicians have missed many buying opportunities " so now they are short big time "
When any group of traders are " unanimous " in their conclusions.....then no market " accommodates them "
SO....buy first thing after open and hopefully by end of Monday you could be happy with your decision to buy buy buy....
Serious money IS being made by doing gutsy purchasing on bad days....
US market will remain zig zag till October...so get used to playing " zig & zag "
About US market it IS totally different " this year more volatility "
Still we are near all time highs......
Here are my results for last week after so many zig / zag...
Last week down 2.67%
YTD UP 16.33%
Here is my portfolio weighting :
GOOG 16.78%
TSLA 11.97%
SHOP 11.03%
SMCI 10.30%
AAPL 10.00
NVDA 8.74%
AVGO 8.44%
MSFT 6.67%
BRK 6.03%
MU 3.79%
BTCC 3.43%
RIOT 2.82%
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hi Stocktrader,
Sold BRK.NE @ $37.25 in Toronto.....
Saleem
Hi Stocktrader,
Added 50% SHOP.TO @ $158.00 in Toronto...
Saleem
Hi Saleem,
Sold PUMP @ 9.25
Added small to basically all other positions
I was disappointed their outlook was not as robust as I thought given the large rise in natural gas prices but discipline and cautiousness around drilling too much still remains. In the absence of everything else crashing I would have kept it, but other opportunities presented themselves.
Stocktrader
Hi Saleem,
Good luck with the swap - many things on sale today!
Stocktrader
Hi Saleem,
Last week: -9.57% (YTD: -14.41%)
Portfolio Leaders: PUMP
Portfolio Laggards: nearly everything else
In a brutal week for the portfolio, the broader market also struggled as profit taking took hold. This appeared to be a healthy correction in an ongoing bull market, but we have to watch for the shape of the rebound to know for sure. All eyes will be on NVDA's earnings this week, and the reset in growth prices sets the stage for a sigh of relief (if not, we have bigger problems). I was fairly diversified to start the week but I got hit across multiple sectors to end with one of my worst weeks in the past year. I remain ready to adjust the portfolio as needed and take advantage of opportunities both to buy or sell.
Holdings: DAVE SERV UPST PRAX MHO SOUN RBRK KRUS PSNL, cash 0%
Stocktrader
Hi Saleem,
Sold MHO @ 117.62 to raise cash
Bought small amounts of all other stocks again.
Stocktrader
Hi Stocktrader,
Good luck with additional shares....
Saleem
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