US stock market has tanked below 200 DMA which is a major support line...
The question IS.....
Will we move above 200 DMA???
Based on all " rhetoric ".....looks very slim....
Might is Right has not worked despite " bombastic claims "
Everyday " new threat of OBLITERATION " does not hold water.....
War & adventure does not go hand in hand....
$2000 drones are doing more damage than $200 million F36.....welcome to AI warfare.....
Looks like more days of warfare continues....
Stay put with your best ideas in a well diversified format.....
Here is how my last week ended :
Last week Down 6.73%
YTD Down 23.00%
Here is my portfolio weighting with 86.59% exposure :
GGLL 38.00%
AAPL 21.20%
GLDU 15.02%
TSLL 10.58%
BTCC 7.50%
HOOD 7.06%
BLOG does NOT give buy or sell.
Saleem
20 comments:
Hi Salem & Stocktrader,
Sold NSSV @41 for GGLL more upside hoping the war to end soon.
Simon
Correction sold NSSC @41.87
Good luck with swap!
I'm rebuying NSSC today - solid chart and prospects.
Hi Saleem,
Sold PDYN @ 6.45 on terrible price action
Every piece of good news is met with selling and then quiet days it just drifts downward. I am sad about this development as I thought this could be a huge winner, but I need to respect what the market tells me so that I don't end up in another ZENV or FATN situation.
Bought NSSC @ 42.36
I never wanted to sell this one as I think changing over the locks in the entirety of the country to digital is a tremendous and long term opportunity where this company has already shown positive traction. I sold it to try and capture a higher beta opportunity, but it actually didn't work (as is often the case).
Stocktrader
Hi Salem & Stocktrader,
Just swapped PDYN for NSSC :-)
Simon
Another piece of "strong" news today and it's barely moving (for now). If it convincingly retakes the 200 DMA at around $7.50, it will be investment worthy again. Maybe it's just waiting for a secondary offering and that will be the chance.
Thank you for the news.
Hi Stocktrader & Simon,
Good luck with NSSC
Saleem
Hi Saleem,
Last week: -3.87% (YTD: +4.99%)
Portfolio Leaders: NN BFLY AIP
Portfolio Laggards: ASPI CODA PDYN AEVA
In another down week for the indices on oil price and rate hike fears, the portfolio pulled back also despite some winners. As we saw today, a man-made problem can usually be "unmade" as events develop and minds change. And so, we need to use times of volatility allow us to adjust positioning and really see which stocks are winners. Any stock that can rise or show relative strength in the face of market weakness is worth high consideration, whereas a weak stock should be sold whenever it is opportunistic. I have a lot of good idea stocks right now, and so my portfolio is full, but I am always evaluating both news and price action for potential swaps or sells as needed. The one fear I have about the future market and economic prospects is the potential for some amount of stagflation, as jobs are lost to AI initially, but prices of real goods remain high due to disrupted and/or weakened global supply chains. This is not my base case scenario as job losses should lead to lower prices of goods and services but is worth watching. Ultimately though, it is a stock-pickers market this year, and I hope my good ideas combined with prudent portfolio management leads to continued outperformance.
Portfolio (current): AIP ASPI BFLY NN NSSC AEVA RKLB NNOX GLUE CODA ANRO, cash 0%
Stocktrader
Thank you Stocktrader for all great ideas and valuable informations. I am truly blessed to have you and Salem to follow throughout the year. Thank you!
Simon
Hi Saleem,
Trimmed a little ASPI, added to GLUE ANRO
Stocktrader
Hi Stocktrader,
Good with weighting
Saleem
Hi Stocktrader & Simon,
Bought ARMG @ $10.53
Saleem
Hi Salem & Stocktrader,
Good luck with ARMG and more GLUE ANRO..
Simon
Good luck with ARM breakout!!
Hi Stocktrader & Simon,
Sold ARMG @ $11.31
Saleem
Great trade - good luck with next!
Hi Saleem,
Sold NSSC @ 38.66 on poor price action
Added to ASPI GLUE AIP NN NNOX AEVA RKLB
Stocktrader
Hi Stocktrader,
Good luck with reweighting$$
Saleem
Hi Stocktrader & Simon,
Added 10% GGLL @ $72.90
Saleem
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