Friday, June 22, 2018: Aftermath? Or Continued Trading Hell?




Well, There Are Two Ways of Looking At This

DOW +127.74—-NASDAQ -9.30—-SP500 +11.97—-NYSE +101.50

Portfolio Leaders: CAT, T, SPY
Portfolio Laggards: SHOP, RTN, FDX




For once, I’m going to report at the start of the trading session on this Friday. And at the open bell, the major indexes were all in the green, but within a 15 minute time span things changed a bit. We are now a bit mixed, which might be an indicator of what today will bring.

I’m up early for a change, thinking the stock market could rebound, but it might not. And if not, this will make it 9 straight losing days for the DOW.

The big thing lately are the small cap stocks. They’ve been on a roll lately and they are the stocks that have the least exposure to all the global market shifts.

Asian stocks have been taking a beating lately because of all the trade tariff threats.




The Portfolio

Bank of America (BAC)

I sold my position of Bank of America yesterday. I made a nice tidy profit, nothing huge, but I just wasn’t happy with the stock’s performance for quite awhile now.

And since I’m currently focused on the FAANG stocks, I’m trying to free of some capital for the necessary changes.

finviz dynamic chart for  BAC
Shopify (SHOP)

Shopify is now the big leader of the portfolio, which peaked at around 102 percent, but now has gone down to about 87 percent. Big drop. And Boeing has fallen to second place at 81 percent.

These are big drops, given the reaction to trade talk threats, but we are still at a huge profit gain. Let’s just see if this is just from all the trade tariff threats, or perhaps we are seeing another market correction?

finviz dynamic chart for  SHOP

What REALLY Went Down at the Kim-Trump Summit

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Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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