US stock market digesting huge gains....

US stock market finally decided to take couple of days rest....

After making series of new all time highs, It was time to take a well deserved break...

So we shed few % of lofty gains which is needed every so often....

Friday's action was typical of momentum driven market...which corrects in a hurry as IF sky is falling...

NO...sky is not falling, just a " normal day in office "

We should resume our run into " series of new all time highs AGAIN "

Leaders are well defined by now.....

Follow the leaders.....

Here is how my last week ended :

Last week Down 30.74%

YTD               UP 38.72%

Here is my weighting on 167% exposure :

SLVR                   26.90%

SNDU                  23.08%

AMDL                  20.18%

AAOG                   9.49%

QCML                   8.21%

TSLL                     6.72%

HOOD                   5.42%

BLOG does NOT give buy or sell.

Saleem

Bought AAOG @ $22.15….

 Bought AAOG @ $22.15

BLOG does NOT give buy or sell

Saleem 

Sold SLVR @ $70.00....

 Sold SLVR @ $70.00 in after hours....

BLOG does NOT give buy or sell.

Saleem

US stock market in " euphoria mode "

 US stock market is in " euphoria mode "

Fear of missing out is rampant

This warrants extreme caution as you may be the last buyer in this runup...

Sometimes It IS wise to " reduce exposure " or sit it out until it cools down....

Any pullback to " support " IS the right entry point....

What is the right entry point...It IS 5 day, 10 day, 20 day, 50 day or 200 day...take your pick..

Many stocks are showing WILD INTRADAY SWINGS that can be the entry point @ low of the day in this WILD UPSWING.....

Technical Knowledge is CRITICAL in this fast moving market where " support & resistance " can be done in 15 minutes....

Here is how my last week ended :

Last week UP 53.70%

YTD          UP 69.46%

Here are weighting of my portfolio on 112% exposure :

SLVR          37.61%

CIEN          31.49%

ARMG       10.04%

TSLL           9.56%

BTCC          5.95%

HOOD         5.35%

BLOG does NOT give buy or sell.

Saleem

Sold QCML @ $33.85….

 Sold QCML $33.85

BLOG does NOT give buy or sell.

Saleem 

Sold SLVR @ $67.50…

 Sold SLVR @ $67.50

BLOG does NOT give buy or sell 

Saleem 

Bought AMDL @ $33.97…

 Bought AMDL @ $33.97 in pre market

BLOG does NOT give buy or sell.

Saleem