16 Jun 2024 Ludicrous Returns Stock Model Update

Discussion in 'General Trading Discussion' started by LudicrousReturns, Jun 17, 2024.

  1. LudicrousReturns

    LudicrousReturns Active Member

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    Stocks recently sold: AGI, APP, CBAT, CCLD, DAL, DTI, ENV, INGN, NR, NVAX, OUST, PYPL, SHIP, SRTS, ZIM
    Pretty much all of these hit their stop sell orders, activating the sell. PYPL stock price plunged through the 200D triggering a sell.
    ZIM and CBAT sold under a model sell rule I call the R75 rule, selling at the target stop sell price.
    DTI closing stock price line plunged through the 50 D simple moving average, triggering a model sell rule. In some stocks, this rule was captured in last week stop sell price, where the stock price declined below the stop sell target. Examples this past week include APP and ENV. If a stock price climbs to the peak stock price that occurred in the former 6-month to 1-year period + 10%, then the stop sell price can be former 6- month to 1-year peak stock price + 3%. This is called the SPP21 rule. The stop sell price that utilized SPP21 rule this past week include AGI and DAL.
    Some stocks required some pattern analysis to recognize a sell. Stocks that displayed bad pattern characteristics that added up to a sell in the model this past week include: NEM, NR, PPC

    CCLD stock price declined in sharp fashion triggering the stop sell.

    Stock Model Recent Buy Triggers: AI, OPRA, PODD, LLY

    Sell Now Triggers (6/16): AA, CWEN, SEED
    AA stock price formed a sharp decline as it crossed below the 50D.
    CWEN and SEED displayed bad pattern characteristics

    New Buy Now Triggers (6/16): AVGO, NVMI, REGN, VECO

    Close to Buy Triggers (6/16): ACLS, AMBA, AMRC, ANGO, APLD, BE, BILI, BLDP, BLNK, BYND, BZUN, CAG, CALX, CEG, CEVA, CGNX, CHWY, CRCT, ENPH, CRSP, ENVX, FATE, FCEL, GH, HBM, HLF, HLIO, ICUI, NEM, ENOG, NGVT, NVCR, PCRX, PCT, PPC, SOUN, ST, TAN, TCOM, UI, USLM

    My Current Holdings (6/16)
    These are the stocks that are left after several stocks achieved their sell triggers. Updated stop sell orders calculated from technical analysis model output.
    ACT 16JUN2024.jpg

    Quantity of current Holdings: 52 (Stock Model Portfolio 80.9% Equity before new transactions)
    Less: New Sells -3
    Plus: New Buys 4
    New Stock Quantity 53

    Market Status Update Ludicrous Market timing model status is GREEN as of 6/14. It is all clear to invest in equity index at this point in time.

    Happy Investing,
    Ludicrous Returns
     

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