To The Moon

Hi all! I believe we are experiencing the start of the correction with this 5% pullback. Now might be too early to buy the dip as l expect this to be a correction rather than a pullback. We should see a correction of more than 10% from the indexes high but less than 20% so the bull market is still intact. In my opinion, we should be able to finish the year strongly and S&P 500 will be over 5500 points.

Meanwhile, l am still investing 80% of my portfolio in stocks/ETF/options with 20% in alternative investments like commodities and cryptocurrencies. At the moment, my stock market investment is about 40% long positions and 60% short positions. I should share my main portfolio investments and please note it is all vested interests.

Gold(5% invested)- l believe the gold ath bull run will continue in the current environment. There are whispers of it reaching $3000 from investment banks like Citibank which is a 20% increase from current prices. I expect it to increase at least another 10-15%.

Copper(5% invested)- l believe copper to benefit greatly from the recent AI run and it will be experiencing greater demand due to the need of it for chip manufacturing as well as robotics.

Brent crude oil (5% invested)- Although traders discounted the possibility of an all out war between Israel and Iran and think that it is limited strikes between the two sides which will not affect the oil route. There are still many probabilities for a spike in oil prices.

Crypto (5% invested)- l am on the contrary side of market view and believe that an Ether ETF will be approved by 23 May so invested only in this counter.An approval is going to be very beneficial to Ethereum. By the way, crypto trading is very volatile so l advice only for the aggressive investors to trade just Bitcoin and Ether.

Stock and options long positions.(40% of stock markets investment)

SEA (25% invested)$Sea Ltd(SE)$  

I am extremely bullish about SE as the stock is rallying from it's bottom of $35. This is a great internet counter which give you exposure to internet gaming, e-commerce, fintech and upcoming cloud services. All prices between $50-$55 is a strong buy for me in this correction. I believe the $67 resistance level will break after the first quarter earnings report. Company has a strong cash holding of over 8 billion dollars which is definitely a plus in this high interest business environment.

Palantir(5% invested) $Palantir Technologies Inc.(PLTR)$  - This stock is a real AI play with very strong growth potential in the next 2-3 years. I believe it might be even included in the S&P 500 during this period. However, though l am expecting an exceptional first quarter earnings report, it may still suffer from funds rotating out of AI play. So l am expecting to take a loss for my options in the short term.

10% invested in energy, gold and crypto miners stock.

Technipfmc- this is a good energy stock to invest in and l expect a good earnings report next week on 25th April.

Cleanspark- my choice for crypto mining stocks which is the best potential for the lot in my view.

Solaris- a Canadian company with metal mines in South America (gold/silver/copper) which is a perfect choice for investing in this sector in the stock market.

Stock and options in short positions (60% of stock market investments)

ARM (40% shorts) - The weakest and most grossly overvalued chip stock in my opinion and l am validated by the market. Have a great time and very profitable shorting it with long puts options all the way from $140-$145 levels to current level of $87. The fair value of this stock is $60-$70 in my view.

SQQQ (10% invested) - Let the professionals do the shorting for you. You go long in this counter and the price goes up if the market goes down. Perfect choice for investors and traders who think that this is a correction too but do not know which stock to short or find it too risky.

VIX (10% invested) - The "fear" index of the stock market. This is a great hedge for your long positions as you tend to profit when there is volatility and the market goes down.

Personally, l am vested in all the stocks or options mentioned above. I only focus on the market leaders or the most overvalued stock in the market so it is not a very varied portfolio. That is why l get the concentrated positions emails and notifications from Tiger trade almost daily[LOL]  . 

I have reserved a substantial cash amount from my recent profits to buy into Tesla which l think is a great opportunity next week with the intention of holding it till at least start of next year. I will update later once l am fully vested in it. May everyone huat in the markets!