Sunday, August 2, 2026

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