US stock market is completely different in 2026....
US stock market averages not telling the true picture...
US stock market broadest index S&P 500 is @ new high....
While Nasdaq is taking it on the chin.....
Many stocks are in a bear market territory which IS DOWN 20% or more...
This S&P 500 vs Nasdaq divergence is the first time I have observed since 1970....
Software stocks has been trashed due to AI intrusion....
Magnificent 7 is struggling @ best, they are meant to be AI King....
AI as a concept stocks are NOT doing well...
Many portfolios are down big time based on yesterday's success stories...
2026 remains a painful challenging story, hard to figure out success path in this confusing TAPE.....
Here is how my last week ended :
Last week Down 10.95%
YTD Down 14.85%
Here is my weighting on 66% exposure :
GGLL 53.03%
TSLL 18.22%
HOOD 10.06%
BTCC 9.69%
GLDU 7.52%
ZMIC.NE 1.48%
BLOG does NOT give buy or sell.
Saleem
14 comments:
Hi Stocktrader & Simon,
Added 110% GLDU @ $46.80
Saleem
Hi Stocktrader & Simon,
Added 170% ZMIC.NE in Toronto @ $20.51
Saleem
Hi Saleem,
Good luck with the adds!
Stocktrader
Hi Salem,
Good luck with more ZMIC & GLDU.
Simon
Hi Saleem,
Last week: -1.62% (YTD: +2.56%)
Portfolio Leaders: ANRO AEVA NN
Portfolio Laggards: ASPI BFLY GLUE RKLB NNOX PDYN
In another challenging week for the markets, the portfolio performed mostly in-line. A few key winners helped avoid more serious portfolio damage, and a focus on a diverse set of companies is helping mitigate some of the worst losses. Fears of AI losers dominated the mindset instead of the "AI winners" we are used to seeing for years now. I do feel like a lot of the major damage has been done and the market can find more stable footing now that excessive valuation in some areas has lessened. The next worry may be the memory stocks as capacity expansions are announced, and I will also be avoiding those stocks. There is a lot left to be told in many stories, and conference calls for the majority of my stocks are imminent. I look forward to hearing about forward business prospects, and as always, how a stock responds to news is worthy of close attention. As the 10-yr continues to drift slowly lower, I think that provides a positive backdrop for growth stocks.
Holdings: ANRO NN PDYN SANA QBTS RKLB AEVA NNOX GLUE ASPI BFLY FATN, cash 0%
Stocktrader
Hi Salem & Stocktrader,
Regret I didn't sell QMCO ah after pop over 30%+ after their earnings yesterday. Reminded me of FATN a few weeks ago :-(
Simon
Yes absolutely (to the FATN similarities). QMCO did pre-announce and that whole bounce faded too, so there's just not any lasting interest in the company. They did guide for a QoQ decline in sales, so I wonder if that's part of the selling...
Thank you Stocktrader! Looking for a good entry point to sale for QBTS.
Hi Saleem,
Trimmed a little from ANRO and NN to raise cash for dips.
Stocktrader
Hi Salem & Stocktrader,
Sold QMCO for QBTS.
Simon
Hi Simon,
Good luck with QBTS - it's not acting great, but better than QMCO...
Stocktrader
Hi Saleem,
Added to GLUE BFLY NNOX ASPI
Stocktrader
Thank you sir & good luck with more adds...
Simon
Hi Stocktrader & Simon,
Good luck Sale and new addition/ add on
Saleem
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