Stocks recently sold: AEYE, AVPT, BCRX, BJ, CCI, CLB, CLFD, DSGN, PCT, LUMN, TASK, TSEM, TT
If you followed the stock model updates on LUMN, you got the opportunity to pocket a 169% return (buy price was 2.02. The stock did sell at the trigger price of 5.44 on Thursday 8/8. Ironically, this stock could feature another buy trigger soon.
Sell Now Triggers: CCI, VRSK
My apologies on CCI, it appeared a new break-out was going to keep going, however, it appears the stock price pattern fell back into a 6-month to 12-month horizontal pattern, which is a sell signal on the Ludicrous technical analysis stock model
VRSK triggered a sell. This is a sell trigger on my model that I missed last weekend, as the sell trigger occurred after market close on 8/1, when the 10D flashed a decline at an angle that is less than 25 degrees from the vertical.
Stock Model Recent Buy Triggers: There were no new buy triggers this past week after Monday’s buys.
New Buy Now Triggers: DASH, DOCS, UPST
Close to Buy Triggers: AMRC, CAG, CALX, CHPT, ERII, EVGO, EXAS, EXPI, FLGT, FMC, GDYN, HLIO, HSY, ILMN, INSP, JD, LCID, MKTX, MRCY, MRVI, MTCH, NEOG, NOVA, NVCR, NVDA, OPRA, PCT, PGY, S, SG, TSEM, VECO, VFC, VICR, XEL
Current model owned stocks (stop sell price):
Updated stop sell orders calculated from technical analysis model output.
ALKT (27.96), BALY (15.45), BSX (71.87), CDMO (8.92), CLFD (36.83), EVR (205.32), GDDY (134.52), ICUI (125.22), INVA (17.28), ISRG (409.73), MMM (104.67), QTWO (59.46), REGN (1008.25), TJX (103.82), UI (147.65), VERX (34.08), VIRT (24.69), WES (37.26), ZUMZ (21.77)
Quantity of current Holdings: 24 (Stock Model Portfolio 32% Equity before new transactions)
Less: New Sells -2
Plus: New Buys +4
New Stock Quantity 23
Market Timing Model Status Update Status is dark blue on the Ludicrous Market Timing Model. For individual stocks, this status enables a cautious buy. However, for equity index fund accounts that are in cash, the recommendation is to stay in cash. The market still has not met buy-back requirements for buying back into equity index. Because the 10D declined more than 4% from a peak to the day after red zone ended, there is more things the index needs to do to meet buy back requirements. The 10D peak prior to the 8/5 red zone start was 5597.45. 8/7 was the last day of the red zone, where the 10-Day moving average line was declining at an angle less than 30 degrees from a vertical line drawn. The day after the red zone, 8/8, had a 10D average of 5361.98, featuring a 4.2% decline from peak. At this point, the requirement for buy back is the following:
- 10D must feature an incline of at least 0.2%
- 10D Market price close must exceed 10D at close by at least 2.5% on any particular day
- After requirement #2 is met, if the market price forms either a 2-3 month horizontal pattern, a 5-7 month horizontal pattern, or a 4% market price decline where price drop is less than 10% from vertical, then buy requirement is market price close of meeting #2 + 5%. If not, buy back into equity index can proceed after meeting requirement #2.
Happy Investing,
Ludicrous Returns