Stocks recently sold: CGEN, ELF, NOTV, RH, VRNS
On 4/2, CGEN formed a vertical spike while crossing the 50D simple moving average. When this occurs and falls 6% below the 50D average, or in this case, the recommended stop sell of $ 2.41 occurred on 4/2. It is now advise-able to wait for better technical pattern before buying back into this biotechnology stock.
On 4/4, ELF stock price decreased, crossing the model stop sell price of 162.80.
On 4/4, NOTV stock price plunged. Luckily, the model stop sell price of 8.06 prevailed saving capital vs. the latest close at $ 7.14. (Stop sell price was advised on last week newsletter)
On 4/4, newly purchased RH took a nose dive. The stop sell price of 293.49 is above latest closing price of 278.39. It’s going to now take a technical pattern regrouping for the model to purchase the stock again.
Sell Now Triggers (4/5): AHCO, BLCN, ENSG, HBI, NTGR, PYPL, STOK, V
On 4/5, AHCO 200D level is 9.55, which is the same level as the 200D 6 weeks aga on 2/23. This violates the stock model 200D flatness rule triggering a sell. NTGR also falls into this category. NTGR also displayed the flat 200D syndrome, with the 200D of 13.64 only being 1.1% above the 2/23 200D 13.49. My research over a 50-year period led to a discovery that health stocks will involve a 200D that is inclining at least 1% per month, or 1.5% in a 6-week period. If a 200D is flatter than a 1.5% per 1.5 month growth rate, it’s a high probability indicator of poor performance in the intermediate term.
On 4/5, the 200D simple moving average declined vs. the former trading day for PYPL and STOK triggering action to sell per the Ludicrous Returns stock model. For example, AHCO 200D dropped from 6.05 to 6.04 after market close on 4/5.
While block chain is hot, the latest pattern is showing not so much so for BLCN. It is showing a lot of erratic sharp downward spikes. Model is indicating to sell and deploy that capital somewhere else or a better time to buy into equities.
HBI and V are showing some bad pattern attributes per the model, triggering a low performance score which is another indicator channel to sell.
Stock Model Recent Buy Triggers:
4/1 OUST With the small correction that occurred this past week, there is still ample time to take advantage of this great growth potential opportunity on this company that develops lidar sensors. Even without autonomous vehicles, there is still huge opportunity with safety features that come on every vehicle today, and autonomous forklifts and plant and warehouse carriers that need these sensors.
New Buy Now Triggers (4/5): AA, AIRG, XOM
Stocks close to a buy trigger (4/5)
ADCT, ADTH, AENT, BALY, BAX, BE, BEEM, BZFD, CBAT, CDNA, CLFD, CRDL, CWEN, DQ, ENPH, FLO, GCO, GNRC, GOSS, HRL, HTOO, HYFM, INGN, ILMN, HYLN, ITOS, KSCP, LITE, LUMN, MASI, MRKR, NEE, NKLA, NNVC, NTR, NWL, OTTR, PRPL, RMD, SEE, SLDP, SRTS, TARA, TTGT, UIS, UPST, UTZ, VAC, WFC, WATT, ZIM
My Current Holdings (4/5)
Current model owned stocks as of 4/5 (stop sell price):
AAP (76.62), APP (63.69), AZZ (61.31), BSX (56.80), CAT (297.31), CDRE (33.54), CENX (13.80), CGNT (7.07), CHKP (152.45), CLS (42.27), COIN (213.09), CRH (68.15), CRM (278.95), DASH (117.40), DIS (106.06), DKS (174.20), DOV (148.85), DVN (47.04), EME (280.11), ENSG (113.76), ETN (250.11), FATE (6.37), GWRE (108.86), HPK (14.96), HRTX (2.50), HUBB (347.94). IBM (177.30), INFA (30.86), INO (10.33), IR (74.43), ISRG (365.58), META (396.71), MOD (83.78), MSFT (388.44), NEU (573.74), NKTR (0.97), NMR (5.06), NVDA (820.59), NX (35.22), OSG (5.60), OUST (7.30), PRAX (46.47), PWR (219.04), QTWO (43.93), RELX (40.27), RZLT (2.07), SCCO (90.06), SMG (58.44), SPXC (95.30), STRC (1.80), SWIM (3.02), TDG (1098), TGT (148.57), TNDM (26.20), TOST (19.79), TT (236.76), UBER (70.89), UEIC (9.04), VMC (235.58), VRT (68.96), VST (57.51), ZWS (30.75)
Quantity of current Holdings: 74
Less: New Sells -7
Plus: New Buys 3
New Stock Quantity 70
Ludicrous Stock Model Portfolio: 84.5% invested in stocks, and 15.5% in cash (prior to new sells / buys)
Market Status Update Ludicrous Market timing model status is green. For portfolios restricted to equity index ETFs, I recommend to be invested in equity at present time.
Happy Investing,
Ludicrous Returns