US stock market has just about discounted just about every known challenges in the last 6 months.
With new Fed Chief and expected hike, we should rally after that much awaited decision on Wednesday.
Some war goes on & on like Ukraine
Iran situation may be facing similar drag.
But investing / trading may be much more challenging.
No more simple buy & hold or day trade environment.
Many AI themes have been played out already, they are all mature trades 10% +-
So it’s back to basics
Study fundamental first then technical picture, combination of both should be productive.
Here is how my last week ended :
Last week UP 6.11%
YTD UP 61.64%
Here is my portfolio weighting on 129% exposure:
AMDL 31.98%
GDXJ 19.47%
MU.TO 14.22%
SPAX 11.56%
MVLL 8.13%
GGLL 8.12%
SNDU 6.52%
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Last week: -0.94% (YTD: -3.03%)
Portfolio Leaders: AMBQ
Portfolio Laggards: PONY
It was a quiet week overall with the averages slipping and small caps performing the worst (Russell 2000: -2.41%) as interest rates continue to creep higher. I do think once we get past the Fed meeting tomorrow, with an expected 25bps hike, we can get back to stock picking and individual stories. It does feel like the consumer is slowing, especially given the way consumer discretionary stocks are acting, probably as a result of high prices finally taking their bite out of purchasing power. It would be nice to see resolution on any number of fronts including the wars around the globe, and the market continues to stay near highs, so it is poised to move higher on any kind of good news. Investor sentiment remains subdued and my screens of small stocks at 52-wk highs is showing the lowest all year, so I feel like we have room to run into year end. I stay patient for now.
Holdings: BFLY WGS AMBQ RKLB PONY ENPH AEVA NN NNOX(small), cash 0%
Stocktrader
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