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