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.
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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 CAPS MOMENTUM POT
I was stopped out from CMPO 0.00%↑ and ZETA 0.00%↑
My CREX 0.00%↑ order was triggered
I am raising my Stop Loss for INTT 0.00%↑ to $18.1
Last I am creating a “Stop Buy Order” for STNE 0.00%↑ that will trigger at $13.61 for 75 shares. Stop Loss at $10.49 if the order is triggered
Stone (https://investors.stone.co/) is a payment processing technology and services company based in Brazil growing really fast, very profitable, and undervalued. It may start a new uptrend from here.
Here is what the portfolio looks like right now:
And the Performance since inception:
That’s all for the weekly update.
I wish you a great week!
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Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.