Market bulls see a rebound off recent lows. I participate, grade C. I am going on vacation so wanted to post a week early.
Here are some ETFs year to date:
SLV silver 18.3%
GLD gold 14.4%
SPY SP500 9.6%
QQQ Nasdaq 100 7.9%
EEM emerging mkt 5.7%
IWM Russell 2000 1.8%
TLT US20 yr -8.9%
My trading account up 9.7%. I close out some small positions, including dumping the last of my TSLA shares near the lows. I may buy back 1 or 2 shares after Elon Musk proved he can still move the stock with minor actions. I also dumped AMD, CRM, SBUX. Moved some of the proceeds into BIL (Treasury bill ETF), and SPY.
I retain a large cash reserve along with an overweight position in NVDA. NVDA reports later this month. We will see if they can continue their streak of leaping higher after earnings. As a stock gets to mega cap status it gets harder and harder to move the needle. When a company gets big, enemies, regulators, haters, see it as a threat.
So I will enjoy my time off, with minimal trading. The market will be there when I get back. There are always new opportunities.
