US stock market is on a tear, reasons are many, but majority waits for pullbacks which seems to be further away....
What has guided me is, that momentum is the key....IF market keeps going UP & keeps making new highs, who are we to tell markets what to do....
US stock market has been UP for 3 straight years....BUT....
IF we look back in US stock market history, we can get guidance about current market....
In my opinion, we are almost like 1996.....AI, Quantum computing is bigger than Y2K....
Even Gold, Silver & crypto are sensing wealth making environment....
BUT some are wasting precious moment of " wealth creation " by " fighting this incredible TAPE "
Here is how my last week ended :
Last week UP 6.23%
YTD UP 53.83%
Here is my weighting on 87% exposure :
AMD 39.05%
AAPL 37.43%
SHOP 12.51%
CRCL 11.01%
BLOG does NOT give buy or sell.
Saleem
18 comments:
Hi Saleem,
Jackpot day for AMD and great week!
Stocktrader
Hi Saleem,
Thanks for a great Sunday recap. Congrats on heavyweight on AMD! Your portfolio continues going on fire. Is it the time to take $$$ to the bank yet?
Michael
Hi Stocktrader,
Thanks for your feedback about AMD and last week.
Saleem
Hi Michael,
NO there is much more to AMD, market and AI hoopla
Patience and conviction is key to making serious money,
Saleem
Hi Salem,
Thank you for the Sunday's blog. Awesome on the weekly gains and AMD.
Just sold half of AMD and bought AEHR. Thank you Stocktrader for AEHR and Salem for AMD recommendation. Much appreciated to both.
Simon
Hi Saleem,
Ok, I finally got access to my account back today - it'd been glitched nearly all morning :(
Bought CVCO @ 506.39 on the selloff
I think it's related to Trump's call for the major homebuilders to build and for the FHFA to help, but I could be wrong. If it is that, then I think the selloff is well overdone or even unwarranted. It could also be some kind of anticipated funding round, but I'd be okay with that also.
Stocktrader
It could also be related to creditworthiness of borrowers just taking a quick look at some Twitter posts.
Hi Saleem,
Bought AEHR @ 32.08 ahead of earnings tonight
I had wanted to buy much earlier today (congrats to Simon) but account glitches prevented a better execution price.
Stocktrader
Hi Saleem,
Bought WGS @ 121.86 on good recent price action and new genomic screening intiatives
Stocktrader
Hi Saleem,
Bought YOU @ 31.21 on this pullback
As they continue to grab share at worldwide airports and potentially move into new verticals, I think there is room for both revenue and margin expansion. This pullback on air travel slowdown fears provides the opportunity.
Stocktrader
Bought SITM @ 321.14
A great looking chart in a relatively unknown company, they make silicon timing solutions for an otherwise quartz-based timing market. Disrupting this market and making inroads in other adjacencies, they have room to grow.
Stocktrader
Hi Saleem,
Bought PONY @ 23.72
With continuing catalysts and no reason to be on the sidelines, I buy this back despite the RSI.
Stocktrader
Hi Stocktrader,
Good luck with all the adds.
Simon
Hi Saleem,
Bought BKSY @ 28.80
The only name left on my buy list, I didn't want to play the "wait" game anymore. Any pullback shouldn't be more than 10% as the chart looks great overall but potentially extended. Alternately, it could just break out to new highs from here.
Stocktrader
Hi Saleem,
I'll work on last week's numbers later but there isn't much to see considering I only had two positions.
Stocktrader
Thank you. I made a mistake not entering last week, but the government shutdown only seems to make these stocks go up more...
Hi Stocktrader,
I am glad you are back with full exposure with your " dream team "
Saleem
Hi Saleem,
Last week: +2.15% (YTD: +2.76%)
Portfolio Leaders: FATN LKNCY
Portfolio Laggards: none
It was a bounce higher for the markets and the portfolio did as well despite very reduced exposure. I was thinking overbought conditions and overly bullish sentiment might hurt stocks more, but many names took the opportunity to fly higher after a pause the week before. Rotations for days out of some names refreshes buying power in other names and so the bull market continues. I missed out on a few stellar old ideas, but I've tried to refresh the portfolio with some new names that have longer term growth trajectories and good charts, hoping that propels them in the final three months. I utilized all my cash today, potentially foolishly, but at least a few names are down from where I was first looking last week.
Portfolio: LKNCY FATN YOU PONY BKSY CVCO AEHR WGS SITM, cash 0%
Stocktrader
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