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 

US stock market being oversold

 US stock market has seen better days.

Every rally is being sold.

Every popular stock is under severe selling pressure except AAPL

2026 does NOT look good

There is no way to sugar coat current trading.

Please control your bull it is getting slaughtered on most days

Sticks going below 200 DMA is not a good picture.

Please read the message of this market, It IS bearish.

Here is how my last week ended:

Last week Unchanged

YTD          UP 44.29%

Here is my portfolio weighting on 32% exposure:

AMDL.             47.46%

MU.                   33.92%

GGLL.               14.11%

MVLl.                   4.51%

BLOG does NOT give buy or sell.

Saleem

US stock market remains challenging

 US stock market is facing a real test of where investors sentiment is or will be.

Most are puzzled by recent TAPE

Many stocks have retreated below logical pricing losing not only all gains for many but well below key support levels.

Bears never expected this fast retreat from new new all time highs

Extreme caution is what is needed

Fearing this market may not be a bad strategy

Here is how my last week ended

Last week down 22.45%

YTD gains.         44.29%

Here is my weighting on 21% exposure:

AMDL                 63.08%

MU.TO                22.68%

MVLL                  14.24%

BLOG does NOT give buy or sell.

Saleem