US stock market in full blown " bear TAPE "

 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

US stocks in deep bear market action....

 US stock market is in a drip drip lower mode breaching every moving averages with conviction.

Where is the support IS the big question.....

Support may be around 200 DMA.....

Except for Oil, Healthcare related stocks its all downhill.

What is required is extremely high CONVICTION & PATIENCE which is in short supply these days.

You must look forward 30 days from here and know what MAY work, that takes lot of doing, deep analysis and technical know how.

Here is how my last week ended :

Last week  Down 11.46%.....

Here is my portfolio weighting on 200% exposure, high exposure based on my belief in Gold & Silver which has about 54% weighting:

GDXJ                   31.33%

AMDL                  26.48%

SLVR                   22.52%

SPAX                   11.36%

GGLL                    8.31%

BLOG does NOT give buy or sell.

Saleem 

US stock market in " bear mode "

 US stock market has made a complete U TURN form super bull market to "BEAR market "

Many top AI related stocks have turned sharply lower almost 40% lower....    

A bear market is confirmed @ 20% lower...

This does NOT bear well for year end results....which could be further down down...

There is NO sign of strength in any of leading AI or non AI stocks.....

Leadership is totally undefined @ this stage...

Just REDUCE your exposure is the first step, as not too many can withstand more losses which could come quickly.

Here is my result from last week :

Last week              Down 15.5%

YTD                           UP 73.71%

Here is my portfolio weighting from 190% exposure

GDXJ                             41.45%

AMDL                            21.43%

SLVR                              19.11%

GGLL                               7.74%

SPAX                               7.00%

ARMA                             3.27%

BLOG does NOT give buy or sell.

PS...there was internet issue thus 1 day delayed BLOG.

Saleem

US Stock market hard for traders....

 US stock market is giving a " new reality check to traders "

It NOT easy to trade anymore...

From seasoned technical traders to average traders, It has been a " rough ride "

US market has completely changed, nothing follows technical or fundamental patterns, its SPURTS & FADES

Only way I have managed, I stayed with few stocks which has done well.

SO

Figure out what is working most of the time.....

Here is how my las week ended :

Last week                     Down 5%

YTD                                UP 89.21%

Here is my portfolio weighting on 194% exposure :

AMDL                                   28.47%

GDXJ                                    27.38%

SLVR                                     19.97%

GGLL                                     11.46%

MU.TO                                    8.30%

ARMA                                      4.42%

BLOG does NOT give buy or sell.

Saleem

Sold IONL, ONDL & added everything into AMDL

 Sold IONL @ $13.34

Sold ONDL @ $4.80

Put all proceeds & more into AMDL average cost $86.73 ..my largest position.

Portfolio AMDL ARMA GDXJ GGLL SLVR

BLOG does NOT give buy or sell.

Saleem

Bought AMDL @ $86.95.....

 Bought AMDL @ $86.95 in pre market.

Portfolio AMDL ARMA GDXJ GGLL IONL ONDL SLVR

BLOG does NOT give buy or sell.

Saleem

Bought ONDL @ $5.42

 Bought ONDL @ $5.42

Portfolio ARMA GDXJ GGLL IONL ONDL SLVR

BLOG does NOT give buy or sell.

Saleem