Sorry, I’m multitasking. You are correct, you’ve been the stabilizing force questioning quills claims. I have also been watching VWAP (price below) and the weekly expected move (price below) for ARM as added indicators on this trade. The SWS info will cause me to pull the trigger with the first negative indicator. Thanks Charlie…doc
Doc,
Quill is a helluva good trader. That’s beyond dispute, as is his work ethic. But I’d argue that he doesn’t so much have “a system” as he is the system. Hence, borrow from him and learn from him what you can, But you gotta find your own path.
“Caminate, no hay camino, Se hace camino al andar.”
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Doc,
I don’t know a thing about the tech industry. That’s Quill’s balliwick, and he’s quite well informed about it for having worked in it and for following it quite closely.
Me? I’d rather trade commodities or country funds. Though these days, I’m mostly rolling T-Bills.
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Also, I read Beachman’s free newsletter (he also has a paid version that I may join) on substack and who posts on the fool. His analysis is that we might see a drop coming in the QQQ so I am watching the SOXS for an entry fyi…doc
edit: also watching SQQQ
Doc,
If you’re going to mess with SOXL, then you should look at TQQQ as well and then pick one, or the other. Don’t track both, given that they have a 0.85 correlation with each other. Instead, find a diversifier (or two or three).
I sold ARM this morning for 62.22 (locking in a short term gain of 10.9%) due to the sea of red on the nasdaq and most of the big 7 were red too…doc
edit: the below also got me out of ARM as it looks like there is a lot of buying anticipating the shift in direction
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re: QQQ - The q’s have a sell signal today. Buy the PSQ today so says Simon.
re: SOXL- has a Sell Signal 11/21/12 and a Buy for the inverse today 11/30/23.
re: COST - sold 11/28/23.
re: CRM - Buy signal 10/27/23 and currently at 245.64 with a high of 252.45.
re: APPL - Sell signal on 11/14/23. APPL is a forever stock to own.
re: AGL - Sell signal on 11/16/23.
re: SPDN- Buy signal on 11/30 and the inverse had a Sell signal today 11/30
re: SPXL- Sell signal on 11/30 and the inverse had a Buy signal today 11/30.
re: ARM - had a Sell Signal on 11/24/23.
re: BKNG: Bought 10 shares on 12/23/23 Swing Trading per Simons Rules as a forever stock. So far, this year have 13 new highs. An average is 8 to 10 per stock per year.
If the recession ever shows up, we are prepared via the 6 P’s - for the Tetter Totters.
" Proper Preparation Prevents Pi*s Poor Performance. "
If you want to help me with COST, well on May 4th, I bought 1000 shares at $38.08.
I tried to get a job at COSTCO as a Greeter @ 18.00/hr. plus bennies and they wouldn’t hire me, so I bought the Company- Stocks that is
with the power of Compounding
For the rookies, study the 20 ema for prices ascending or trending and descending over the 20 ema. Clue - the 20 ema is like a magnet and creates all kinds of patterns. One can make money while watching the 20 ema over the 200 ema alone.
Quill -
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re: AJG
Forgot to include another forever stock to Swing Trade.
How am I doin. If one owned just BKNG and ALG, what would you do.
Arthur J. Gallagher & Co. (AJG) Stock Dividend History & Date Nice Divi’s.
Let’s count all the highs. 9 so far this year.
Quill -
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Thanks Charlie, I’m happy to have made some loot on the transaction. Watching the QQQ now to see if it takes a dive…doc
Thanks Quill,
Congrats on CRM, thats a nice gain! I too like AAPL. I will be watching AGL and BKNG a little too pricey for my wallet.
I bought some SQQQ for $16.07 today vs the PSQ you mentioned. Good to hear from you and thanks for the list of stocks and etf’s to watch…doc