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
3 comments:
Hi Saleem,
Last week: -9.53% (YTD: -3.65%)
Portfolio Leaders: TWST NNOX
Portfolio Laggards: AEVA NN BFLY AMBQ RKLB
In a pullback week for the indices and growth stocks in particular, the portfolio got hit very hard. I had thought I was more insulated from these kinds of declines because I was not participating in the AI-buildout trade, but turns out that any favorites of the year were vulnerable. I didn't make any trades last week as I felt like as the chips were falling, I was comfortable with the names and prices of the stocks I did have. We wait now for earnings from not only the big tech names but also every other stock and their individual stories. I think there are still companies in the market that have multi-year runs ahead of them, but the pool of those names is smaller given the runs in so many stocks already, and we have to survive the volatility along the way...
Holdings: TWST AMBQ PONY BFLY AEVA RKLB BODI CODA NN NNOX, cash 0%
Stocktrader
https://www.aaii.com/sentimentsurvey
The turn in sentiment is significant. It probably represents a good cleansing ahead of earnings but reports need to be positive.
Thanks for the info Stocktrader...
Simon
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