Todd Akin’s trading plans for the day.
IWM- Russell 2000 Small Cap Index: A significant proxy for the strength of the overall market. If this is index is doing well, it implies that money managers are more inclined to put risk on the table with buying smaller market cap companies. This chart is bullish as it is above all moving averages and…
Left: S&P 500 Ultra Shares. Found support on the 50% retracement line again. The market is volatile but looking strong despite the fiscal cliff woes; Right: 20 Year Treasury Bonds. Just wanted to give you an idea of how both stocks and bonds are acting. S&P 500 is approaching the middle bollinger band– a welcoming…
We added to EMC today on the pullback at the 20 day moving average. We would have bought calls on SPY or UPRO but decided to spread our risk out a bit better by adding to our core tech holding EMC, which also displays a similar chart as the S&P 500 (Both are on the 20). If…
Even though some stocks are attractive, the S&P 500 has broken its support of the 200 day moving average. Remember, a rising or falling tide brings with it all ships. Visit our older updates where we revised our strike prices down. It will come in handy at this time. However, there is no need to…
One of our core holdings- FXI- is coming down to an attractive buy point. China has slowed but is showing positive data points for bottoming out. As Jim Cramer put it: ” There have been concerns of a hard landing in China. We’ve argued that China is undergoing a soft landing and that recent data points (ISM, PMI,…
Buying UPRO at $79.00 yesterday and putting the stop-loss below worked out in our favor today. As you can see, the green bar on the black line (200 day moving average), or $80.00 per share, is where the bounce occurred.The overall portfolio is up nicely and UPRO is up 3% alone. Not bad for a day’s work.
Even before the elections, we notified readers that the S&P 500 was rolling over (see older posts). We also said that we would not do anymore buying until we broke out of that range or got a lot cheaper. Well, we got a lot cheaper. It is all in the technicals though because, election or no election, this…
Not much to update about for the weekend. The market reacted poorly to an improving jobs number that was clearly not what the street was looking for, sending the Dow to a 140 point plunge. There was also a good consumer confidence report- best since 2007. China, in the meantime, has had very positive numbers coming out…
Portfolio Reaches $400,000 Despite Worst Bear Market in DecadesAugust 1, 2022Portfolio Reaches $300,000 Mark On Change Of Investment ApproachAugust 31, 2021
Portfolio Surpasses $200,000 From Post-Covid InvestmentsMarch 1, 2021
Liking Facebook’s Stock ($FB)July 12, 2014
Buying Copper & Gold Giant ($FCX)July 6, 2014
Target Nails Bullseye ($TGT)June 26, 2014
Buying Cheniere Energy ($LNG)June 4, 2014
Apple Wants Beats Audio ($AAPL)May 28, 2014
Buying Calls On 3-D Systems ($DDD)May 27, 2014Really Liking Facebook Shares ($FB)May 25, 2014
