Harpinder Kang @HarpinderKang: "𝙀𝙣𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙..."

United Kingdom

𝙀𝙣𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙈𝙤𝙣𝙩𝙝 𝙖𝙣𝙙 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚: It was a pretty flat month for me, largely due to downward moves from stocks like ASML and INMD following their earnings reports. I believe both of these stocks will recover quickly, as they are currently within key technical support zones. Additionally, ASML is essentially a monopoly, making it one of the essential stocks to own. 𝙈𝙖𝙧𝙠𝙚𝙩𝙨: The market is starting to feel frothy at this point. We've seen a lot of short squeezes, and many stocks with no strong fundamentals or earnings are moving higher, similar behavior to what we observed during the 2021 rally. Indices are being carried by a few large-cap names, while equal-weighted indices are underperforming. This kind of divergence from economic reality is not unusual, but it typically doesn’t last long. That said, the market still looks like it may push higher in the short term. I'm adjusting my positions accordingly, maintaining some exposure to participate in the rally. 𝙋𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙐𝙥𝙙𝙖𝙩𝙚 I took profits in AMD and Meta after their recent moves higher. I also trimmed my Amazon position today ahead of its earnings report, as it was approaching technical resistance. InMode remains one of my largest positions. I plan to continue holding it, as I believe it could make an explosive move higher once there’s more clarity around the U.S. economy. The company also has a strong cash position, which provides a solid base for the stock price. ASML dropped despite a strong earnings report, but I believe this was a false move downward. I expect investors will gradually return to the stock, given ASML’s dominant position in semiconductor chip making equipment. I’ve also started new positions in UNH and Equifax. 𝙁𝙞𝙣𝙖𝙡 𝙏𝙝𝙤𝙪𝙜𝙝𝙩𝙨 With the Trump administration announcing a deadline extension for China-related actions, I expect the market to continue grinding higher for at least another month. I’m holding a sizable cash position, which I plan to deploy during this earnings season. If you have any questions, feel free to ask below. Thanks for reading.

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