US stock market is on a " selective tear "
Many stocks keep making " new all time highs on high volume "
It IS important to read the " message of the market "
It IS AI
It IS Quantum Computing
Many stocks are well positioned to exploit both AI & Quantum phenomenon
BUT many many traders keep playing " wrong stocks "
There was a movie "Death Wish ".....
SO open your eyes and see which stocks are making new all time highs....OWN @ least 1 stock in that profitable list.....
Here is how my last week ended :
Last week UP 4.59%
YTD UP 37.87%
Here is my weighting on 71% exposure :
UBER 27.62%
AAPL 24.20%
GOOG 24.15%
CRCL 13.10%
AMD 5.56%
SMCI 2.93%
LULU 2.44%
BLOG does NOT give buy or sell.
Welcome to all new visitors to my BLOG, almost 5000 visitors today.....
Saleem
Hi Saleem,
ReplyDeleteLast week: -6.77% (YTD: -18.83%)
Portfolio Leaders: CVCO BITU ASPI
Portfolio Laggards: LFMD DAVE SNAP AEVA UPST
It was a brutal week of earnings for the portfolio and the performance suffered despite the market making new highs. Many previously hot small cap stocks continued to rest while the larger counterparts keep chugging along. At this point, with earnings mostly out of the way, the market looks toward the end of year setups and Fed easing, which bodes well for growth stocks and crypto. I adjusted my portfolio towards these ideas and hope I am correctly positioned for the next wave. Surprisingly perhaps, individual investor sentiment turned decidedly bearish in last week's survey, https://www.aaii.com/sentimentsurvey, and that could provide more fuel for the next push as recent sideline money looks to return.
Holdings: BITU ASPI RZLV AEVA CVCO PONY BKSY LFMD SSYS FATN, cash 0%
SSYS reports Wednesday before the bell and this will signal whether that position is worthy of an end-of-year hold. Otherwise, I like individually all the other holdings (except still watching LFMD for actual long term prospects in a competitive industry).
Stocktrader
Hi Saleem,
ReplyDeleteYour performance this year continues to be incredible and your conviction towards the big names has reaped huge rewards!
Stocktrader
Hi Salem & Stocktrader,
ReplyDeleteSold 1/4 of my AAPL and bought RZLV @3.05.
Simon
Hi Stocktrader,
ReplyDeleteThanks for your feedback regarding YTD performance, much much appreciated.....
Saleem
Hi Simon,
ReplyDeleteNice gains on AAPL - good luck with RZLV!
Stocktrader
Hi Salem & Stocktrader,
ReplyDeleteSold SSYS at 10.20.
Simon
Hi Simon,
ReplyDeleteI will probably do the same - I'm just researching new ideas currently.
Stocktrader
Hi Saleem,
ReplyDeleteSold SSYS @ 9.74
Sold LFMD @ 6.72
There is no room for laggards in this market - the high will go higher.
Bought WGS @ 120.86
I am "late" on this investment by a few days, but I think there's still more upside given the impressive momentum in the latest quarter and recent guidance from the AAP to use their exome/genome as first-tier tests for children.
Added to BITU and small FATN AEVA (and also will probably small amounts of others just to be fully invested)
Stocktrader
Added more to BITU (now 17% holdings) and small BKSY
ReplyDeleteStocktrader
Hi Stocktrader,
ReplyDeleteGood luck with WGS....
Saleem