15 Jul 2024 Ludicrous Returns Stock Model Update

Discussion in 'General Trading Discussion' started by LudicrousReturns, Jul 16, 2024.

  1. LudicrousReturns

    LudicrousReturns Senior Investor

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    Stocks recently sold: CENX, STAA, PINS, CAVA, GSL
    CENX, PINS, CAVA and GSL hit their sell targets. STAA encountered the 200D flat, reference the reply update from Thursday 11 JUL.

    Sell Now Triggers (7/12): TSLA
    TSLA - On 7/10, the 200-Day closing average moved down again. My model is advising to sell and allow the pattern to stabilize before buying back.

    Stock Model Recent Buy Triggers: AUR, EVGO, ICUI

    New Buy Now Triggers:
    7/12: ASPN, CHWY, OLED, SMR, TGTX, SFIX, UI
    7/15: BLNK, CLFD, TTGT

    One cool thing about ASPN besides building products is they also make advanced materials for lithium ion batteries, particularly for the pyro thin thermal barriers that are essential to safe lithium batteries that not only are used in Avs, but also are in a growing segment for the electrical infrastructure, as batteries are used to store clean energy from the wind and sun. With power needs expected to grow for a while to come, ASPN is in a solid position for long-term growth. This is also why SMR, NuScale Power, is a great buy. Besides hitting the technical buy trigger of the Ludicrous stock model, the company does modular light water reactor nuclear power plants. In other words, they have compact equipment that can make power and be plugged in to power a data center needed for the new AI revolution.

    Expect OLED to be a good time for a buy, both technically and fundamentally. There will be a lot of cell phone and personal devices needed for consumers to experiment with new applications that are created from AI, not to mention more people wanting 4-6 screens to look at to do their job.

    CLFD executes communication equipment for it’s core business, another enabler to the big AI trend and data centers communicating with people doing research and job tasks. It just sent up for a beautiful long-term buy.

    BLNK is a small cap stock, and is a big player on charging stations for EVs. They also hit a buy trigger where growth is about to start, similar to EVGO on Friday. AUR is a new technology, it can be a risky bet, but so far appears to be taking off in very high volume. It’s recommended to be careful with these types of buys and to use stop sell orders to protect your portfolio.

    TTGT is a business to business technology company that just set up for a buy trigger on my technical analysis stock model.

    UI is a great play for the automation equipment trend and is at the beginning of a long-term trend.

    Close to Buy Triggers: AAP, AHCO, AI, ALGM, AMRC, AQN, BCRX, BIIB, CEG, CHPT, CYTK, EXPE, EXPI, FFIV, FIX, FMC, GOGO, HLF, HLIO, IESC, ILMN, IPGP, LCID, LITE, MDRX, NVCR, OPRA, PCT, PENN, PGY, PLUG, QS, THS, TSLA, UI, USLM, VIR, VRNA

    My Current Holdings
    Updated stop sell orders calculated from technical analysis model output.
    ACT PORTF 15JUL2024.jpg
    Quantity of current Holdings: 49 (Stock Model Portfolio 58.4% Equity before new transactions)
    Less: New Sells 0
    Plus: New Buys 3
    New Stock Quantity 52

    Market Status Update
    Ludicrous Market timing model status is GREEN as of 7/15. It is all clear to invest in equity index at this point in time.

    Happy Investing,
    Ludicrous Returns
     

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