19 May 2024 Ludicrous Returns Stock Model Update

Discussion in 'General Trading Discussion' started by LudicrousReturns, May 20, 2024.

  1. LudicrousReturns

    LudicrousReturns Active Member

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    Stocks recently sold: ULBI
    ULBI stock pattern started to decline, forming a 6-month to 1-year horizontal pattern vs. the former peak stock price. This is a signal to sell on the Ludicrous stock model.

    Sell Now Triggers (5/17): AZZ, FLO
    AZZ triggered a sell with the recent 3-4 month horizontal pattern of the stock price and 10-Day moving average indicator. Other bad signs that added up to too poor of a technical analysis score to retain the stock: Several 10D sine-wave peaks, large > 10% vertical line decline corrections of the stock price, 10D up/down transition points with sharp edges, both stock price and 10D moved below 50D average in past month.
    On 5/17, FLO 200-D simple moving average declined from 22.85 on former closing day to 22.84 after market close on 5/17. Whenever the 200D flashes a decline, that is a sell trigger on the stock technical analysis model.

    Stock Model Recent Buy Triggers:
    14MAY: CWEN, INGN, NEE
    16MAY: MU, NEM, RDWR, OCGN
    CWEN AND NEE are utility renewable energy plays. This is a great play for long-term growth given the expected growth in electrical infrastructure for not only EVs, but also expected growth in data centers to support AI infrastructure, automation, domestic chip making, domestic manufacturing growth, and crypto currency mining.
    INGN develops and makes portable oxygen concentrators. A return to a former 2022 high of $ 32 / share would be a 4-bagger from today’s current price of $ 8.83.
    NEM is a mines copper and gold. While you may think of gold as a hot commodity to park capital in a precarious market, gold is at an all-time high due to other factors as well. Cell phones, computer ships, and communication equipment all have little bits and pieces of gold, since it is the best material to resist corrosion and reliably carry tiny currents of binary code that today’s chips rely on. Because of the anti-corrosion, it is also used in several connection points in EVs and other terminals. The material is not being recycled very well, and China is doing it’s part to lock up supply of gold. Gold mining in North or South America is a good long-term business to be in.
    MU specializes in memory chips, which is a great place to be relative to AI data centers that are being built like no tomorrow.

    New Buy Now Triggers (5/17): AA, AGI, AVPT, BSY, CBAT, CFLT, CMRE, D, DAL, FUTU, GATO, GOOGL, GSL, MMM, MRNA, SHIP, TOST, FRO
    On above buy now list, stocks with new life cycle buy opportunities include AGI, CFLT, BSY, CBAT, CFLT, D, FUTU, and TOST. AGI is another gold play, which as good prospects as NEM above. Silver is another hit, with GATO presenting a good buy.
    Shipping stocks seem to have exploded this past week and are showing bullish indicators that this recent growth in stock price trend will continue. Shipping stocks with recent new buys include CMRE, GSL, MRNA, and SHIP. This would also explain why FRO, which owns shipping and ports, is also breaking out. It’s almost as if there’s a revival in this industry. If you chart the 10D simple moving average to the market close line, the close parallel inclines of both stock price and 10-Day moving average is a very bullish technical indicator.
    TOST is a food ordering software company with excellent prospects in potentially achieving explosive growth. The stock pattern just triggered a new buy on the Ludicrous stock model.
    MRNA was sold earlier this week due to 200D decline. This shifted to an incline and is now a buy.

    Close to Buy Triggers (5/17): ALB, BE, BEEM, BLDP, BLNK, BZFD, CLFD, CLOV, CVS, ENPH, ENS, ENVX, EXFY, FATE, FLGC, HRL, HTOO, HYLN, ICUI, IE, IPI, LASE, LESL, MP, MRCY, MRVI, MTZ, NTR, NVCR, NWL, PATH, PCT, PDYN, PRPL, RFIL, SCKT, SCWX, SEDG, SEE, SILK, SKLZ, SLDP, SMOG, SNOW, SOL, SPWR, ST, TSM, TUP, UFI, UI, UIS, UPLD, UPST, WATT, XNCR, XOS, XPEV, ZUMZ

    My Current Holdings (5/17)
    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 19MAY.jpg

    Quantity of current Holdings: 44 (Ludicrous Stock Model Portfolio 56% Equity before new adds)

    Less: New Sells -2
    Plus: New Buys 18
    New Stock Quantity 60

    Market Status Update Ludicrous Market timing model status is GREEN as of 5/15. This was triggered by the clearing the last stage of the market timing model, as the S&P500 index ^GSPC closed Wednesday at 5308.15, which was 2.1% above the 10D simple moving average of 5196.11. It is all clear to invest 100% into equity index at this point in time.

    Happy Investing,
    Ludicrous Returns
     

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