MAY 7TH UPDATE

Adding 2 new names to my Portfolios.

Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.

-

Quick weekly update.

The Market: SP00

• One more indecisive week for the markets

• On the weekly timeframe, only Consumer Staples are still in an uptrend while everything else is either indecisive or in a downtrend

• Next week inflation is going to be important (April CPI to be published next Wednesday): if aligned with expectations or better, then the market may get going to the upside

• Last week the FED raised interest rates for what seems to be the last time before a period of “wait and see”

• So let’s wait and see what the economy will do and the markets will do.

Now to my POTS (Porfolios)

10X WEEKLY LARGE CAP MOMENTUM POT

• My RMD 0.00%↑ order did not trigger last week

• I was stopped out from ADBE 0.00%↑

• Now OTEX 0.00%↑ is my only open position

• Next week I’ll try again to get into RMD 0.00%↑ . I am creating a “Stop Buy Order” for RMD 0.00%↑ that will trigger at $232 for 9 shares.

• Stop Loss at $209 if the order is triggered

10X SMALL C…