Stocks recently sold: DASH, DOCS, ERII
DASH fell back into a horizontal pattern where the stock closed less than the former 4 to 6-month closing price, triggering a sell per the technical analysis model.
ERII 200D average started to decline on 8/28 when the 200D declined from 15.66 after market close on 8/27 to 15.65 on 8/28.
Sell Now Triggers: ASPN, DT, DY, OPRA, POWL, SG, XEL
As of Friday close, ASPN 200D average was 19.31. At this 200D level, the stop sell price of 28.97 would be the updated stop sell price for the coming week. However, the stock price closed at 28.69, below the new stop sell target. When this occurs, the action is to sell at next market day open. When this sell rule is triggered, the buy back requirement is for the stock price to close 15% from any low formed after R75 sell. While this may seem silly to sell and buy back at a higher price, given the recent pattern, there is a good probability that the stock price will decline, forming a new low, and a new subsequent opportunity to buy this great stock back.
DT 200D SMA closing average was 49.10, featuring a decline from prior 200D closing of 49.11. Any time the 200D forms a decline from the former trading day, that is a sell rule on the Ludicrous Stock model.
Assessing the stock pattern performance on DY determined a sell rule due to too many bad pattern attributes on the technical analysis pattern. The latest decline of the stock price back below the 50 Day simple moving average (SMA), and the 10D SMA has declined forming a 3-month horizontal pattern. When too many bad pattern attributes occur at once, there is a high probability of volatility and decline ahead. It’s best to allow the pattern to clean itself up and present itself as a buy opportunity with good stock price growth in the 3- to 6-month period ahead.
OPRA fell back into a 4 to 6-month horizontal pattern triggering a sell.
POWL & SG started to clear the 4-6 month horizontal pattern and the 6-month to 12 month horizontal pattern but then snapped back under those horizontal lines. It’s best to wait for the break out to confirm a solid uptrend ahead and park the capital as dry powder.
XEL reached a point of the 200D average considered flat, which is quantified as not exceeding the level 1.5 months prior by a minimum of 1.5%. After market close on 8/30, 200D SMA was 56.94, which is basically 0.0% above the 200D of 56.94 on 7/19 (1.5 months prior). When the 200D forms a flat line (<1.5% growth rate over 1.5 month period), the action is to sell on the Ludicrous Returns stock model.
Stock Model Recent Buy Triggers: There were no new buy triggers during the week last week.
New Buy Now Triggers: CTLT, EMBC, PYPL, SMTC, FIX, IBM
Close to Buy Triggers: ARTC, CBPT, DBX, ENPH, EXAS, EXPI, EXTR, HAIN, HLIO, LCID, MTLS, NEGO, NVCR, NVST, PAYC, PCT, PGY, PROK, RFIL, ROKU, VICR, XPEL
Current model owned stocks (stop sell price):
Updated stop sell orders calculated from technical analysis model output.
ABBV (184.83), ALKT (29.48), BSX (75.21), CDMO (9.44), CDNA (27.87), COMM (3.62), CSV (29.84), CWEN (25.22), D (49.57), DKS (228.04), EOSE (2.27), ESOA (8.95), EVGO (3.71), EVR (212.24), FMC (58.99), GDDY (141.37), GKOS (114.78), ICUI (135.57), ILMN (120.93), INGN (11.70), INVA (17.28), ISRG (427.36), LIN (435.01), LLY (838.74), MMM (110.45), MRCY (32.90), NOW (801.40), OMCL (37.25), QTWO (63.10), REGN (1037.29), TJX (106.15), UI (168.81), UPST (36.17), VERX (34.57), VIRT (25.33), VRNA (26.03), VRNS (53.54), ZUMZ (23.87)
Quantity of current Holdings: 53 (Stock Model Portfolio 63% Equity before new transactions)
Less: New Sells -7
Plus: New Buys +6
New Stock Quantity 52
Market Timing Model Status Update Status is GREEN as of Friday 23 AUG. Equity index portfolios should be in 100% equity vs. cash at this point in time.
Happy Investing,
Ludicrous Returns