US stock market has entered a " much more difficult trading pattern "
August, September & October is where trading bottom is made
No previous pattern of " strength or money flow remains "
Everyone likes to lock in gains @ the same time in same stocks "thus new weakness emerges "
SO
No more AI or Quantum to rescue
All stocks are treated the same " book profit or lose money "
SO
Be careful with your strategy, optimism or invincibility....
Its going to cost you IF NOT ultra conservative & careful.....
Take it very SLOW until end of October.....
Here is how my last week ended :
Last Week UP 1.08%
YTD UP 38.95%
Here is my weighting on 70% exposure :
UBER 28.89%
GOOG 24.80%
SHOP 15.94%
CRCL 12.50%
AMD 12.22%
SMCI 3.02%
LULU 2.63%
BLOG does NOT give buy or sell.
Thanks to new 9000 visitors to my BLOG last week in one day, that IS a new 1 day record beating previous 4000!!!
Saleem
2 comments:
Good morning Salem,
That's awesome and thank you for your daily blogs and market information. It's really helpful for us.
And also Thanks to Stocktrader. You both are awesome. Much appreciated!🙏
Simon
Hi Saleem,
Oh wow 9000 visitors in one day! Great job on another solid week :)
Last week: +1.97% (YTD: -17.23%)
Portfolio Leaders: PONY BKSY CVCO WGS FATN
Portfolio Laggards: SSYS
In an overall positive week for the markets, the portfolio performed well but still lags on the year. Another disappointment in SSYS capped off a poor earnings season, but hopefully the portfolio is now set to outperform with positive catalysts and news flow expected in many names. The bull/bear spread in the latest AAII survey (https://www.aaii.com/sentimentsurvey) dropped to some of the lowest on the year as people are expecting some pullback from these levels - I think the longer we hold here, the more likely the next move is even higher. As the market now expects the Fed to make some lowering moves, the portfolio is packed with future growth companies. As always, relative strength, especially this late in the year, is important.
Holdings: BITU x2, RZLV WGS CVCO AEVA PONY BKSY ASPI FATN, cash 0%
I like bitcoin specifically here as lower rates and consistent accumulation from multiple sources could provide for an explosive move as we approach year end.
Stocktrader
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