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