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
Hi Salem,
ReplyDeleteCongrats on another positive week.
Simon
Hi Saleem,
ReplyDeleteI 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,
ReplyDeleteLast 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,
ReplyDeleteThanks for your caring note regarding my health status, IT has been " work in progress "
All the good wishes always appreciated !!!!
Saleem