Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.
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Quick update for the week.
First, for paid subscribers, my last idea was triggered and so right now I have 3 stocks in my momentum POT and two of them are up about 45% each. Below are all the details.
If you haven’t read it yet, here is an outline of the strategy I am using with this 10X momentum pot: link to pdf.
I am working on a new momentum POT which will concentrate on companies above 25BN in capitalization. This will give more stability to the POT. It will be FREE for all subscribers (paying and not paying subscribers) and I’ll concentrate on a maximum of 5 stocks in the POT at any given time. More on this in the upcoming weeks.
Now back to the Markets.
This is not a friendly environment for stocks as interest rates continue to rise and the real impact on the credit market and effects on the banking system are not clear yet. Even the FED chairman himself said that they do not know exactly what happened during the SVB crisis!
The market has been chopping sideways for a long time now and all moving averages are converging. When this happens, typically we can expect a strong move to the upside or downside over the following weeks.
Right now the only assets that are working have been Bonds/treasuries, Gold, Bitcoin, and little else.
Within the Stock Market space, only the TECH sector has been working and I think will keep working over the next months.
It’s time to stay patient and prudent.
Now to the 10X MOMENTUM POT.
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