US stock market has displayed a classic bear market.
TAPE has been sloppy for months...
Currently US stock market is in full blown " bear tape "
The only way to deal with bear TAPE is to reduce exposure & reduce expectations.
The way this market is behaving, It IS hard to predict that even 200 DMA will hold.
Stay with HIGHEST CONVICTION stocks & show PATIENCE
Nothing is expected to change anytime soon.
Here is how my las week ended :
Last week down 5.27%
Here is my portfolio weighting on 134% exposure :
GDXJ 32.69%
AMDL 27.02%
SLVR 23.30%
SPAX 10.25%
GGLL 6.74%
BLOG does NOT give buy or sell.
PS...Finally I have moved to a desirable location, based on my preference. Was without internet since 31st October, thus 2 days delay in my weekly report.
Saleem