INTC: I also rebought INTC again after we succesfully retested the 200 day average again. It is just a matter of time until it pops based on price action.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
UNH: I bought more UNH because prices are just "dancing" on top of 20 day average. We should soon break above 50 day average.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
AAPL: Apple broke out of the descending triangle with a powerful move that should at least get it to the 200 day average. It will likely go beyond but since I don't like individual stocks I will sell at 200 day average.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Dow Jones (DIA): We will make new ATHs soon. Will decide Monday if I want to add some because the breakout should be powerful. First target should be 46500 but breaking above 50000 s not out of the question within the next year or two.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Russell 2000 (IWM): As predicted we broke above 200 day average. First target is 230 but likely a test of the ATH will happen soon.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
NDX100 (QQQ): For the QQQ a projected first target would be 580. As with the S&P 500 we could shoot beyond because sentiment was in apocalypse mode.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
S&P 500: We finally made new ATHs but question now is where will we go before a smaller consolidation? My projections suggest 6500/6600. That's where I will likely reduce some exposure but....sentiment was so negative that we could easily push through to 7000 without a meaningful pullback.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
HYG: Credit spread was breaking out but the uncertainty about the overspending bill let it dip this week. I am sure we will break above. Consumer and businesses are still doing well. Especially sentiment will increase now that everybody gets between 1-3% more after tax income (maybe).
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
VIX: Fear gauge still has room to go before we reduce leverage again.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Investor sentiment: What $5 trillion in money we don't have can do to stock market expectations. Last two weeks bears were going crazy but now the average Joe gets more bullish! To be honest $5 trillion will be a boost no matter what. So a lot of money will flow back into stocks chasing the rally.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Put/Call ratio: Bulls are back! Sounds great but as usual at those levels one has to be more careful again and we will have to start raising cash soon again. It limits the short term upside maybe to the 6500/6600 target in the S&P 500.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Current portfolio composition: Leverage is again at 1.25 because I rebought ETH when I posted about it this week and bought more individual stocks (details to follow)
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Detailed YTD benchmark/performance calculation
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
EOW 7-3: Markets behaved as expected and portfolio is up 16.1% YTD vs. S&P 500 at 6.6%. The turtle approach continues to work.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
ETH: Ethereum bounced from 2400 support again with 4h chart now making a move above 50 and 200 day averages possible.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Outlook
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
BDRY: Since I believe that the world economy will benefit from our Big Beautiful Overspending Bill I had bought a bulk shipping index ETF.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Dow Jones: DIA was consolidating above 50 week averages for weeks now. New ATHs are just a matter of time.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
S&P 500: SPY also with new ATHs. As with NDX 100 (QQQ) we will likely retest breakout zone but nobody can tell how far we will go before that happens.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
QQQ: Everybody was banking on an ascending triangle breakout but prices stabilized at 20 day average and now we have new ATHs (as expected). Nobody can tell how far we will go but we will likely retest the 540 area again (good TQQQ reentry point)
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
IWM: Small caps triggered an inverse SHS pattern. Retested the neck line and are now stuck at 200 day average (but not for long). Next target should be 230 (likely beyond)
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
VIX: Fear index still has room to go before we have to trim more.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%
Put/Call ratio: Still elevated around 0.7 but moving towards 0.6 again where we should become more cautious. Therefore I trimmed a little bit today.
(Click here for details) Make money trading stocks by using technical analysis! We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2024! Performance 2020: +53% Performance 2021: +27.9% Performance 2022: -33.8% Performance 2023: +29% Performance 2024: +31.8%