US market rally running out of steam.....

 US stock market is rallying hard on good inflation data, BUT it may not last.

Inflation is very sticky and may not ease anytime soon....

Try to take advantage of any rally / strength as booking profit has to be " job 1 "

This market is tough for most traders as rally is extremely narrow....

Strategic trading must be in focus ...

Go for quick trade and wait for next opportunity.....

Nothing is predictable or seasonal any more, market has changed completely....

Here is how my last week ended :

Last week              down 5.41%

YTD                          UP 94.21%

Here is my portfolio weighting on 193% exposure :

GDXJ                             38.99%

SLVR                             28.75%

GGLL                            15.73%

ARMA                             8.50%

IONL                               8.03%

BLOG does NOT give buy or sell.

Saleem

Sold SPAX @ $10.95......

 Sold SPAX @ $10.95

BLOG does NOT give buy or sell

Saleem

Bought ARMA, IONL, added 100% GGLL

  Bought the following before open in pre market :

Added 100% GGLL @ $97.90

Bought ARMA @ $16.82

Bought IONL @ $15.86

Portfolio ARMA GDXJ GGLL IONL SLVR SPAX

BLOG does NOT give buy or sell.

Saleem

Sold AMDL, MU.TO, MVLL & SNDU.....

 Sold MU.TO in Toronto just before close @ $47.96

Sold AMDL in NYSE @ $80.08 seconds before closing.

Sold MVLL after hours @ $36.88

Sold SNDU after hours @ 27.03

Felt it was time to book profit, considering hyper volatility in market.

Current portfolio GDXJ GGLL SLVR SPAX

Currently I am @ an exposure of 117%.....with heavy emphasis on Gold & Silver which has not worked out so far.

Good luck with the most important Q of investing cycle.

My comfort / confidence level is NOT as upbeat as I like it to be.

BLOG does NOT give buy or sell.

Saleem