| Major indexes | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | |
| S&P 500 | ^SPX | 7135.96 | 2 | 6857.56 | 8.53 ▼ | 15 | +5.19% | ||
| Nasdaq 100 | ^NDX | 27186.99 | 2 | 25557.16 | 9.43 ▼ | 15 | +9.10% | pP+ | |
| Russell 2000 | ^RUT | 2739.47 | 2 | 2666.87 | 6.64 ▼ | 15 | +4.85% | ||
| Gold (spot) | $XAUUSD | 4543.60 | 131 | 4776.60 | -1.79 ▼ | 2 | +3.06% | ||
| US Oil ETF | USO | 150.63 | 13 | 123.75 | 5.22 ▲ | 76 | +112.51% | ||
| iSh. 20+ Y Tr. Bond ETF | TLT | 85.70 | 6 | 87.10 | -1.93 ▼ | 38 | +2.97% | ||
| Bitcoin | BTC_X | 75758.34 | 24 | 73443.83 | 2.93 ▼ | 22 | +5.34% | ||
Stock indexes keep sputtering near recent highs. The risk of a bigger pullback, before any further rally, remains quite high.
Stock positions:
ALLE was closed at a 5% loss and has been moved to the completed trades list.
Reversal levels can not completely protect us from adverse moves around earnings announcements or unexpected news. That can be annoying, but usually such things will go both ways if you focus on quality stocks. IEX also had earnings the other day, and it jumped 7% on the news.
If you know methods to foretell which stocks will go up on their next earnings report, then by all means use them. In absence of such tools, all we can do is cut the losses and stick to the winners.
Our remaining positions keep doing well. Today there is a Buy signal for PAYX, which has been dragged down together with most software stocks. I wouldn't risk too much on it. So we will add it as a special entry, buying with a limit order at $92 or better. The RevL is at $90.17, so we risk about 2%. That is an important feature of our main strategies. Take small risks (and thus small losses) and just keep the winners.
Our other special entry, XOM, is now very close to its RevL with MoM still going up. We entered at $147.16 on spBuy, so once it gets above the RevL nearly all risk will be gone from this trade.
| Stocks | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Name | Close | Tr | Mode | RevL (D) | MoM (D) | Days | P/L % | Action | R | |
| Arista Networks | ANET | 168.68 | 2 | 153.71 | 8.50 ▼ | 16 | +17.96% | 0.54▲ 39 | ||
| Alphabet Cl. C | GOOG | 347.31 | 3 | 323.50 | 8.34 ▼ | 17 | +15.72% | pP | 0.72▲ 35 | |
| Idex Corp | IEX | 217.34 | 20 | 197.91 | 5.20 ▲ | 15 | +10.26% | 0.32▲ 7 | ||
| Microchip Technology | MCHP | 90.17 | 2 | 74.54 | 10.00 ▲ | 16 | +25.20% | 0.42▲ 9 | ||
| Special entries (spBuy or dBuy) | ||||||||||
| XOM was bought on a spBuy signal at $147.16 (Apr 21). PAYX is on a Buy signal. We will add it on weakness at $92 or better today. | ||||||||||
| Paychex Inc | PAYX | 94.05 | 43 | ➤ | 90.31 | 0.55 ▲ | 3 | -4.97% | Buy | -1.02▼ 40 |
| Exxon Mobil Corp | XOM | 154.67 | 34 | 155.67 | -2.34 ▲ | 15 | +1.40% | 0.70▲ 9 | ||
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