21 Jul 2024 Ludicrous Returns Stock Model Update

Discussion in 'General Trading Discussion' started by LudicrousReturns, Jul 21, 2024.

  1. LudicrousReturns

    LudicrousReturns Senior Investor

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    Stocks recently sold: AMD, ASPN, CAMT, NVMI, QCOM, SMR, SOUN, SRPT, VECO

    As most of us know, Monday and Tuesday were awesome days in the market, with a 180 turn-around Wednesday – Friday. These stocks sold at their target stop sell prices if you entered the target sells from last week. This particular week did not have any daily sell triggers that need charting. On my stock model, if any current holding as a major down day, the process is to chart that stock after market close. If the 200D starts to decline, or the stock price plunges through the 200D, or the 10-Day moving average line declines at a rate that is less than 25 degrees from a vertical axis line, then it is a trigger to sell next market open.

    CAMT sold at the target stop sell of 120.57 on Thursday 7/17, which is great as it closed at 111.76 on Friday. I personally brought this stock well after the original model trigger date since I didn’t discover it until later. However, the model buy trigger occurred on 11/2/23, buying the stock at 54.91 (11/3/23 market open). The model recognized a return of +119.6% on this trade. In 2023, buy trigger occurred on 6/7 when the 200D flashed in incline vs. the prior 200D close. The model would have purchased the stock at 30.87 (6/8 market open), and sold it on 52.71 on 10/20/23, for a return of +70.7%.

    Sell Now Triggers: AUR, CYBR, EME, MXL, NFLX, SFIX, TGTX, TTGT, WIT
    AUR is the company that specializes in autonomous driving for commercial trucks. They had quite the run-up, followed by a turn-around steep price correction. Unfortunately, the latest data in the model points to an updated stop sell price of 4.10 as of 7/16. This low was reached during market open hours on 7/18, marking a sell now.
    CYBR, MXL, NFLX & WIT fell into a 4 to 6-month horizontal pattern, marking a sell on the stock model.
    SFIX & TTGT fell into a 6- to 12-month horizontal pattern, marking a sell signal.
    EME 10-day simple average closing line formed three sine waves in less than 3 months where each consecutive sine wave peak was declining from prior peak. This is also a sell signal on the model logic.

    Stock Model Recent Buy Triggers: No new recent buy triggers

    New Buy Now Triggers: TASK, AVTP, CDNA, EVR, VERX, INVA, WEX

    Close to Buy Triggers: AMRC, AQN, ARGX, ATSG, BE, BEAM, BLDR, CALX, CCI, CHPT, CEG, CTKB, DGII, EMBC, ENVX, ERII, ETSY, EXPI, EXTR, FLGT, GOGO, HAIN, HSY, IESC, ILMN, INGN, IPGP, KRNT, LAZR, LCID, MRVI, MSTR, NRG, NVCR, OPRA, PLUG, PWR, PYPL, SEE, SGH, SSTK, THS, UPST, VAC, VIR
    ACT PORTF 21JUL2024.jpg
    Quantity of current Holdings: 42 (Stock Model Portfolio 73.2% Equity before new transactions)

    Less: New Sells -9

    Plus: New Buys +7

    New Stock Quantity 40



    Market Status Update Ludicrous Market timing model status is GREEN as of 7/21. It is all clear to invest in equity index at this point in time.



    Happy Investing,

    Ludicrous Returns
     

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