US stock market ready to rally…

 US stock market has just about discounted just about every known challenges in the last 6 months.

With new Fed Chief and expected hike, we should rally after that much awaited decision on Wednesday.

Some war goes on & on like Ukraine 

Iran situation may be facing similar drag.

But investing / trading may be much more challenging.

No more simple buy & hold or day trade environment.

Many AI themes have been played out already, they are all mature trades 10% +-

So it’s back to basics

Study fundamental first then technical picture, combination of both should be productive.

Here is how my last week ended :

Last week              UP 6.11%

YTD                     UP  61.64%

Here is my portfolio weighting on 129% exposure:

AMDL                         31.98%

GDXJ                          19.47%

MU.TO                        14.22%

SPAX                            11.56%

MVLL                            8.13%

GGLL                             8.12%

SNDU                             6.52%

BLOG does NOT give buy or sell.

Saleem 

US stock market stable despite many challenges.....

 US stock market showing resiliency despite sky high inflation worldwide and interest rate hike is in the air, these are not very desirable environment for a roaring stock market.

Iran remains in focus.

Shipping is disrupted with higher shipping rates.

Trade fiasco continues between US & Canada.

World politics is in a flux.

BUT AI related stocks have regained some footing and much more to go.

Best way to approach this stock market is to have long term vision, not a day traders market @ all.

Keep your expectations low, expect 8% gain in a year IF you are lucky.

Here is how my last week ended :

Last week                     down 3.87%

YTD                                UP 55.53%

Here is my portfolio weighting on 117% exposure :

AMDL                                 30.32%

GDXJ                                  22.03%

MU.TO                                16.31%

GGLL                                     8.95%

SNDU                                     8.20%

MVLL                                     8.09%

SPAX                                      6.10%

PS...today I got my laptop going, still trying to settle in a very different culture in Karachi Pakistan.

BLOG DOES NOT GIVE BUY OR SELL.

SALEEM

NVDA in driver seat of AI phenomenon…

 US stock market is in overdrive again thanks to NVDA giving most bullish guidance not just for next Q BUT for next year.

NVDA guidance is so strong that other AI leaders are being ignored and actually lower across the board.

US stock market VIX in 14 area is a remarkable indicator of how bullish is market undercurrent.

Stay well diversified and show conviction and patience in your AI plays, they keep taking turns in making new highs despite current malaise.

Here is how my last week ended:

Last week       Down 10.70%

YTD.                    UP 58.40%

Here is my weighting on 78% exposure:

AMDL.                       47.59%

MU.                            24.52%

GGLL.                        15.42%

MVLL.                        12.53%

SNDU.                           9.97%

BLOG does NOT give buy or sell.

Saleem 

US market waiting nervously for NVDA earnings…

 US market is extremely jittery ahead of NVDA earnings on Wednesday.

NVDA beat is a given BUT needs to explain all the funding given to many buyers.

I expect NVDA to assure market that there is no more focus on funding anymore purchases or long term commitments.

NVDA guidance to be above expectations.

AI correction was severe as many memory and storage stocks have been beaten down BUT that may change going into Q3 and Q4 strong quarters.

Here is how my last week ended:

Last week down      14.29%

YTD UP                   69.10%

Here is my weighting on 77% exposure:

AMDL                      46.06%

MU.TO                     14.59%

MVLL                       14.29%

GGLL                        14.24%

SNDU                        10.82%

BLOG does NOT give buy or sell.

Saleem 

 

US markets heading into series of new highs…

 US stock market has regained its strength and is heading into series of new highs.

AI related stocks are back in favour and may reach all time highs sooner than later.

Semiconductor stocks are back in favour also.

Correction was fast & severe to many stocks but recovery has started.

A well diversified portfolio is the-best way forward.

Here is how my last week ended :

Last week        UP 10.77%

YTD.                UP 83.39%

Here is my portfolio weighting on 38% exposure :

AMDL.                  36.53%

MU.TO.                 29.75%

GGLL.                   29.03%

MVLL.                     4.69%

BLOG does NOT give buy or sell.

Saleem 

US stock market looking better

 US stock market looking much better after bouts of severe profit taking and major downward adjustments in AI related stocks.

Stocks have found their own levels as support.

It has been very tough market for many to navigate through ups & downs of AI phenomenon 

Nice to see equilibrium in stock market.

I was in the process of major relocation in my living status.

Have sold my home and in the process of finding my rental space in a much sunnier and warm place.

Was travelling plus living in hotel.

Once I settle down, will give more detail.

Had a nasty fall in Toronto, broke my left wrist, has surgery done…all since July 16 forward..quite a challenging 21 days so far… got my cast and stitches removed overseas..

This is how my last week ended :

Last week.         UP 14.08%

YTD.                 UP 72.62%

Here is my weighting on 20% exposure:

AMDL.                    61.41%

MU.TO.                    37.71%

MVLL                           .88%

BLOG does NOT give buy or sell.

Saleem 

US stock market Technicals are bad but oversold

 US stock market is in deep oversold condition, thus an oversold bounce is happening.

Do NOT put your celebration hat, rallies are lasting a day only.

Market Internals are absolutely horrible.

Many senior strategists are extremely defensive 

This year, market is decidedly bearish.

Do NOT overstay your welcome 

Here is how my last week ended.

Last week       UP14.25%

YTD                UP 58.54%

Here is my weighting on 22.67% exposure 

AMDL               42.67%

MU.TO.             33.49%

GGLL                 19.28%

MVLL                   4.58%

BLOG does NOT give buy or sell.

Saleem