Is the selling over......

We had relentless selling on old issue like trade with China and some new ones like inverted yield curve, recession......where Indices tested 200 DMA.....

But by end of the week, IF you were away, you will think all the issues old and new are resolved within 72 hours.....

Wall Street always test your conviction, only the bravest or passive investors survives these yoyo moves....

BUT...history will tell us, IF you are patient, all Indices end up making series of new all time highs...a fact known by all but few can see beyond daily panic....

Wall street is known to climb " wall of worry ".....

But we always think these new issues will tank the market.

There are 25% stocks which are doing very well in this crazy market.

But 75% are manipulated perfectly to the tune of their masters by pre-programmed HFT......known as basket trading of ETF...

Most leading Indices RSI is no higher than 45...a perfect oversold condition......SO it is NOT late to get back IN.....

I believe most politicians worldwide are realizing that many self created disputes needs to be resolved otherwise their own economy Will slow down to a very painful level....expect supporting tweets going forward.....all cried uncle last week...yes even the art of tweet.....

NOW...HUAWEI is getting another 90 day approval to buy and sell to US companies...who will benefit the-most SOX and networking stocks which were mauled before...see little patience works out....

Also think Hong Kong issue may see some backtracking and more conciliatory tone in near term....

This is a stage of market where non financials will recover very fast....so be brave and overweight your exposure, even financials may recover.....

SO...good luck with your patience and buy strategically for biggest bang for your Investment $....there is money to be made in short order....

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed