Indices closed down slightly before election day which surprised me.
S&P 500 @ 5712.69, low 5696.51, high 5741.43
Internals :
UP volume led by 1.22 to 1 in NYSE & 1.31 to 1 in Nasdaq
Advancing stocks led by 1.37 to 1 in NYSE & 1.28 to 1 in Nasdaq
Net new highs were leading by 12 in NYSE & lows by 36 in Nasdaq
VIX UP .46% @ 21.98
Oil @ $71.47
Gold @ $2748.50
Canadian $ @ .6098
In my portfolio bought BTCC.TO @ $12.58
Portfolio AAPL MSFT NVDA BTCC SHOP TSLA
CMG BTC GDXJ SMCI
Internals were surprisingly positive also...
BLOG does NOT give buy or sell.
Saleem
8 comments:
HI Saleem,
Good luck with BTCC!
Last week: -2.01% (YTD: -3.80%)
Portfolio Leaders: PSNL
Portfolio Laggards: ZENV BMR
It was a pullback week for the portfolio and the markets as election jitters and the impact of higher interest rates kept buyers sidelined. I reduced some of my multi-month short positioning and added a few names. Once we get past the election and Fed meeting, it should come down to the individual companies' reports that make a difference, and the market has shown extreme resilience in the face of uncertainty already. I plan to have all my TZA sold by tomorrow, although I don't think I'll have fully allocated the cash yet, which leaves room for opportunity in coming weeks.
Holdings: TZA(22%) MSTR (22%) FLYW CSTL IONQ PCT PSNL ZENV BMR, cash 0%
Stocktrader
Hi Saleem,
Welcome back to the greatest blog. Hopefully, your recovery is going well. I have a small position with SMCI. What's your take on SMCI? Thanks.
Michael
Hi Michael,
Yes..my recovery has speeded UP today, feeling 80%....took lot of doing to get well.
SMCI has created its own problems which IS not a good corporate strategy.....BUT we are traders and try to make money whenever its possible.
I am also stuck with my original purchase which I averaged down once....
BUT I have traded SMCI and made money before my health issue, that was the day before Auditor's quitting.....
Very difficult to give any guidance about SMCI....
Thanks for being a long time BLOG visitor & participant....
Saleem
Hi Saleem, Thanks for your take on SMCI. Since my position is small so I will hold on to it but will not average down until the sky is clearer.
HI Saleem,
Extremely busy today but:
Sold TZA
Bought HASI
Bought BOX
Bought CNK
Bought PAR
Main screen was stocks near 52-wk high with short interest above 10% and smaller cap in nature (excluded biotech).
Stocktrader
Hi Saleem,
Oh! And trimmed MSTR down to equal weight.
Stocktrader
Hi Stocktrader,
Excellent moves,
Good luck with new picks$$$$
Saleem
Glad you are doing much better Salem! Hope you are back to 100% soon.
Good luck with all the new picks Stocktrader!
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