US stock market has made a complete U TURN form super bull market to "BEAR market "
Many top AI related stocks have turned sharply lower almost 40% lower....
A bear market is confirmed @ 20% lower...
This does NOT bear well for year end results....which could be further down down...
There is NO sign of strength in any of leading AI or non AI stocks.....
Leadership is totally undefined @ this stage...
Just REDUCE your exposure is the first step, as not too many can withstand more losses which could come quickly.
Here is my result from last week :
Last week Down 15.5%
YTD UP 73.71%
Here is my portfolio weighting from 190% exposure
GDXJ 41.45%
AMDL 21.43%
SLVR 19.11%
GGLL 7.74%
SPAX 7.00%
ARMA 3.27%
BLOG does NOT give buy or sell.
PS...there was internet issue thus 1 day delayed BLOG.
Saleem
2 comments:
Hi Saleem,
My trading platform seems to be having a problem with downloading this week so I'm unable to do a full workup, but needless to say it was another rough week as small speculative stocks underperformed again. We have seen some green shoots in the last few days as rates are tame and earnings and outlooks remain promising and show continued growth trajectories. I hope this is the springboard for the remainder of the year.
Holdings: BFLY RDVT AMBQ RKLB MTLS IONQ AEVA NNOX (very small), cash 0%
Stocktrader
Hi Stocktrader,
Hoping your trading platform is back to it's accuracy and as dependable as before.
Yesterday was a great day for my portfolio after 3 downbeat weeks,
SPAX & AMDL were the stars.
I share your optimism from this deep pullback.
Saleem
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