To keep things fresh I’m doing a short (6 min) video this week. I will cover the following:
1. Broader market through lens of Dow ETF (DIA).
2. Exits on EVH and RIOT
3. Commentary on YETI and GBTC.
I am having technical issues today with my charting platform (many of my chart notes and annotations are not appearing) so please bear with me. TC2000 is working on restoring my work but it probably won’t happen until Monday.
In the meantime, there are a ton of companies I would like to own or own more of. I think there will be better opportunities for entry if we get the summer dip I am expecting. If you don’t own or would like to own more put the following companies on your radar. These names should continue to perform well provided we get the expansion I expect over the next 12-18 months.
Xilinx Inc (XLNX) weekly
Apple Inc (AAPL) daily
Netflix (NFLX) daily
PayPal Holdings Inc (PYPL) daily
Amazon.Com Inc (AMZN) daily
Facebook Inc (FB) daily
Visa Inc (V) daily
Oracle Corp (ORCL) daily
NextEra Energy (NEE) daily
The Walt Disney Company (DIS) weekly
Proctor & Gamble Co (PG) weekly
Coca-Cola Co (KO) weekly
Pepsico Inc (PEP) weekly
Home Depot Inc (HD) weekly
HCP, Inc. (HCP) weekly
I will be adding to this list over the coming weeks. I could be wrong but I think it’s time to hit the pause button, for now, on new entries. I am a full believer in being patient for good entries as it is an edge that contributes to limiting losses and expanding gains.
As usual, if you have any questions I am happy to respond and help in any way I can.
I was recently asked what other technical analysis tools I use. For the most part, I don’t use most other TA tools. I have a volume indicator on my screen for liquidity reasons but I don’t use all of the other tools that most technicians use. I have studied most of them in depth and just have not found them useful for me. I’m not going to say they don’t work but, for me, I prefer not to use what everyone else is using. I use what is helpful to me but I think whatever you use is fine if it helps you make sense of what might be going on under the surface. I’m just into the raw data and look for the repeating characteristics of each individual instrument. No secret sauce. What you see is what you get.
I think the most important aspect of investing, regardless of your time horizon, is risk management. Whatever will help you identify when to cut losses or capture gains is worth using. As you can see, I’m far from perfect. I have a hard time even following my own methods every time. It’s hard to sell. Selling entails admitting you are wrong. Selling entails worrying about missing out on future gains. But…start drum roll…selling also protects gains, limits losses and provides protection from price deterioration.
I sincerely hope my weekly ideas and research is helpful to you. If there are any topics about trading/investing that you would like me to cover just let me know. Also, many of my readers are wealth managers, portfolio managers and hedge fund managers with decades of experience that would likely be able to answer your questions if I can not. Ask away…
Back in the desert and the low temp last night was 87 degrees…Yowza…but it’s pretty neat at night.
Warm Regards,
Don