US stock market remains on a tear despite ongoing trade war with overwhelming countries including Canada where chance of a deal is " almost ZERO "
BUT rhetoric has convinced everyone that there has been a " huge lineup of deal seekers from day ONE "
SO
The question of the day IS......
WHY US stock market keeps going UP & UP
BECAUSE......deadline for deal has been delayed for 3 months in a row....
Comes famous August 1 .....expect another " flip flop ".......
BUT rally may NOT last despite August 1 extension.......
Because we are severely overbought based on RSI.....
All one can do is keep booking profit and keep cash handy for opportunistic buying
Here is my last week results :
Last week UP 2.97%
YTD UP 39.93%
Here is my portfolio weighting on 48% exposure :
GOOG 33.99%
AAPL 33.08%
UBER 20.62%
SMCI 9.08%
CRCL 3.23%
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Salem,
Congrats on another positive week.
Simon
Hi Saleem,
I am back from another weekend away!
I'm sorry to hear about the lingering health issues - I am glad they are managed but praying you get your energy back up soon...
Another great week in the markets for you! I have to do my numbers still tonight.
Stocktrader
Hi Saleem,
Last week: -0.13% (YTD: -6.00%)
Portfolio Leaders: FEIM ASPI OSIS UPST
Portfolio Laggards: AEVA BKSY
Awaiting earnings...
Portfolio: SNAP UPST FEIM DAVE ASPI OSIS MGNI LFMD CVCO III FATN BKSY SSYS, cash 0%
Stocktrader
Hi Stocktrader,
Thanks for your caring note regarding my health status, IT has been " work in progress "
All the good wishes always appreciated !!!!
Saleem
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