1. U.S. Futures


07 JUL 2024 Ludicrous Returns Stock Model Update

Discussion in 'Trading Journals' started by Ludicrous Returns, Jul 7, 2024 at 4:57 PM.

  1. Ludicrous Returns

    Joined:
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    Stocks recently sold: BILI, CHWY, ORLY, ETN, MESO, MU, PHG, PWR, VST

    Sell Now Triggers (7/5): DERM, DOV, FNKO, IP, SILK, TDG, WWD

    Stock Model Recent Buy Triggers: There were not any buy triggers that occurred during the week.

    New Buy Now Triggers: ALKT, AMD, ANET, STAA, WIT

    Close to Buy Triggers: AAP, AEO, AHCO, AI, ALGM, AMBA, AUOTY, BCRX, CHPT, CYTK, EVGO, EXPE, GOGO, HBM, HLF, HLIO, ICUI, IOT, MDRX, MXL NTNX, NVCR, OPRA, PCT, PENN, PGY, PI, RUN, SGH, THS, TSLA, TTGT, UI, USLM, VIR, VRNA

    My Current Holdings
    These are the stocks that are left after several stocks achieved their sell triggers. Updated stop sell orders calculated from technical analysis model output.
    Act07JUL2024.jpg

    Quantity of current Holdings: 41 (Stock Model Portfolio 58.4% Equity before new transactions)
    Less: New Sells -7
    Plus: New Buys 5
    New Stock Quantity 39

    Market Status Update Ludicrous Market timing model status is GREEN as of 7/7. It is all clear to invest in equity index at this point in time.

    Happy Investing,
    Ludicrous Returns
     
  2. Ludicrous Returns

    Joined:
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    Updates 10 JULY:

    Sell Now: STAA Even though it’s up 10.9% today, the 200 Day average (200D) is now appearing to be flat (less than 1.5% from 6 week prior 200D average). This is an ominous sine. The 200D will now need to increase to 38.25 (6-week low + 1.5%) before buy can proceed, according to my technical analysis stock model.

    Stop sell prices for Sunday’s published buy nows:
    ALKT – 26.85
    AMD – 150.76
    ANET – 293.06
    WIT – 5.42

    New Buy Nows:
    AMBA, MXL, UI, ICUI, SOUN, TSLA

    Hope all is going well!