Riding the Wave: How Tech and Innovation Continue to Shape Our Financial Future

February 10, 2024

Market Sector Overview: This week, the technology sector continued to lead the market, showcasing strong performances from Bitcoin, Semiconductors, select Chinese stocks, Clean Energy, and Biotechnology. Healthcare, Industrials, Communication Services, and Financials are also showing robust health. However, Materials, Real Estate, and Utilities are currently less favorable sectors.

Financial Indicators & Trends: The 10-year treasury yield saw a 3.8% increase this week, presenting a bullish pattern that suggests potential further rises. This development is unexpected, yet it aligns with the current strong economic indicators. Similarly, oil prices are showing bullish patterns, suggesting an upward trend. This uptrend has not started yet. Below is the 10-year treasury yield chart:

Upcoming Economic Data: I am anticipating the CPI report next week, expecting a 2.9% year-over-year increase, below 3% for the first time. Should the actual figures come in lower than expected, it could keep pushing the market up, and vice versa.

Market Summary:

• The market is at all-time highs, continuing a rapid growth observed over the past weeks.

• Despite expectations of a correction, the market's upward momentum has persisted.

• The future looks promising with advancements in AI, robotics, mixed reality, and blockchain technology likely to fuel further growth.

• Any market pullbacks should be considered buying opportunities, unless indicators of significant economic downturns, such as poor job data or defaults, start to materialize.

• Interestingly, the frequency of "recession" searches on Google (US) has been on a decline for some months now.

Personal Insight: Apple VisionPro Experience: This week, I had the transformative opportunity to try the new Apple VisionPro device. The experience was unparalleled, convincingly marking a future where technology integrates more seamlessly into our daily lives. It's a must-try to truly understand its potential impact!

Portfolio Updates:

10X FREE CAPITAL POT: Inspired by the groundbreaking experience with Apple VisionPro, I will be adding $APPL to this portfolio next Monday.

10X LARGE CAPS MOMENTUM POT: $SMCI continues its impressive performance, contributing to the portfolio's 67% gain since inception, significantly outperforming the S&P 500. Despite mixed results in closed trades, my open positions are up big, averaging a 73% gain right now. I've updated my stop losses to protect these gains, with no new trades planned for this week as I am fully invested here.

10X SMALL CAP MOMENTUM POT: This week saw exits from HITI 0.00%↑ , XMTR 0.00%↑ & ACLS 0.00%↑, and with LXRX 0.00%↑ order not executed.

In this account, I have closed 31 trades so far, with 6 winners (19%) and 25 losers, for an average gain of 7%. Interestingly, 17 out of my 25 losers experienced an average gain of 16% after my stop loss was triggered.

In a market that is trending up, it probably makes sense to set wider stop losses. If the market starts going sideways, it's better to have tight stops. Conversely, in a market that is trending down, going fishing for opportunities is the right thing to do instead of investing or trading!

Here's what I am doing this week:

• I am setting a Buy Stop Order for 55 shares of $SYM to trigger at 47.8 USD. If this order is triggered, I'll set my first Stop Loss at 36.7 USD.

Symbiotic is an AI/Robotics company providing automation solutions for businesses. The company generates 62 million USD per year and was founded in 2021.

Below is the current portfolio, with only one position open right now: NVMI 0.00%↑ , up 11%. I have updated my Stop Loss on it.

That's all for this week!

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Important: This is not investment advice. Consult a licensed financial advisor before making any investment decision.