In today’s Daily Digest, we’ll review the following:
- New position in XHB.
- No adjustments are needed today.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in!
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
It’s a bull market. No question. But that doesn’t change the fact that I’d still like to add some downside diversification to my portfolio in the weakest names the stock market has to offer, just in case.
Today’s short trade candidate appears to be hanging on the precipice of a potentially swift and brutal fall. This is as good an opportunity as I can see to help protect my portfolio in the event we see a market pullback. [Read more…]
Born with an entrepreneurial spirit and temperament, Michael grew up in a working-class community full of blue-collar, salt-of-the-earth people who worked honest days for an honest wage. And it rubbed off on him. How could it not?
In order not to be a financial burden on his family, he knew he needed to get out there and hustle. He shoveled snow, mowed lawns, caddied, and worked as a server and waiter. He worked 15 hours a week while in college so that he could earn a degree from Columbia University.
While his peers were coasting through school with trust fund cash bankrolling their adventures, the only free time Michael had was spent in the library, reading books, writing papers, and repeating.
His blue-collar work ethic paid off to this point. But making the transition into the “white-collar” world of finance wasn’t easy. [Read more…]
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
We’re taking what the market is giving us.
Recently, some of the best opportunities have been in the mega-cap space. Look at recent gains in Amazon, Google, Microsoft, and Apple.
People like to complain that “all” the gains are being concentrated in fewer and fewer names at the top of the pyramid. Why is that a bad thing? We can trade those names, can’t we? And why wouldn’t we?
In the past week, I’ve added more exposure in my portfolio to this area.
Related to the tail (big caps) that wags the dog (the market), isn’t this true of our own history of trades?
Don’t our small handful of large winners account for the lion’s share of our total gains? And don’t 80% (or more) of the rest just result in a net wash?
Kind of like the S&P 500, no?
Don’t hate. Participate.
We discuss all this and more in this week’s Jam Session: [Read more…]
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
If your house is anything like mine, you likely have an Amazon truck delivering packages to your doorstep at least once per week. In my neighborhood, the Amazon delivery truck does twice daily rounds. We’re on a first-name basis. (His name is Henry).
Those packages have price tags attached to them. You’ll find them in your credit card statements. It is likely not an insignificant line item in your monthly budget.
Today, the stock is making a move to fresh all-time highs, breaking out of a high three-month consolidation.
It’s time to get involved. [Read more…]
In today’s Daily Digest, we’ll review the following:
Let’s dig in!