Summary of this week's deals (08/07-12/07 2024)
There were a lot of trades this week, but let's take a look at my recent personal record on market breadth, which records the daily number of stocks with prices above 50MA and 200MA stocks on the market and stocks priced at the same time below 50MA and 200MA; this numerical record showed clear positive changes this Thursday and Friday, and it would be significant if it could maintain this state for 3-6 weeks in the future.
Back to stocks
Reduction/Clearance:
$Western Digital(WDC.US$ (+0.13%) It was the first to clear this “fuel tank” on Monday, that is, it had no good performance or great potential. It was resolutely removed, cash was withdrawn, and the account made a profit of 0.13%.
$iShares Bitcoin Trust(IBIT.US$ (-0.1%) This attempt at the 2B structure was shaken out due to the stop-loss setting too close, and the account lost 0.1%.
$Kaspi.kz(KSPI.US$ (+0.01%) It raised its stop loss on Monday and fluctuated out on Tuesday. Its lack of liquidity was a major factor in not wanting to continue entangling, and it almost left the market in break-even balance.
$Crocs(CROX.US$ (-0.17%) The stop loss line was raised on Monday, and the stop loss was out on Tuesday, getting rid of another “fuel bottle”, and the account lost 0.17%
$Shift4 Payments(FOUR.US$ (-0.16%) When the fraud broke through on Monday, a small increase in position was made, and the stop-loss line was raised at the same time. Since the TIGER account also had its 30-week trading schedule, this side did not hold it repeatedly, and the account lost 0.16%.
$The Trade Desk(TTD.US$ (-0.2%) After watching it for a long time, I finally saw a good trading volume on Tuesday. It was shaken out the day after it was added, but there were no signs of strength after that. It was still a problem where the stop-loss settings were too tight (< 3%), and the account lost 0.2%.
$Coherent(COHR.US$ (+0.66%) Since the extension of the weekly chart is close to the extreme value of the 30-week line, they chose to actively sell the remaining 3/4 positions to lock in profit and exit the market, and the account profit was 0.66%.
$TransMedics(TMDX.US$ (+0.13%) The stop-loss line was raised on Monday, and it fluctuated out on Thursday. It is still very extended in the big cycle. I haven't paid attention to it in the short term, and the account has a profit of 0.13%.
add:
$Tesla(TSLA.US$ After being heavily sold off on Thursday, I chose to add a third time (small amount) around 10MA on Friday because I have carefully read the charts of too many strong stocks breaking through. The energy of the rapid rise in huge trading volume for 5-6 consecutive days after breaking through is amazing. TSLA is also a stock that is highly correlated with 10MA (last year's study), as long as its closing price is above 10MA in a rapid upward trend, there will be no problems in the short term. Please wait patiently for it to complete this wave of work.
$Carvana(CVNA.US$ A small amount was added on Wednesday after breaking through the tight dry zone. It is currently running normally. It is a name with great potential that I often observe, and I will definitely try the right opportunity; for now, let's see if it can complete this wave of “pendulum effect”. There are no extended issues yet, and the price behavior corresponding to the trading volume is clear and healthy.
$Super Micro Computer(SMCI.US$ On Monday, when it saw a large trading volume, it was added a small amount, and the stop-loss line was raised, but the closing price was not ideal, then cooled down for 4 days, and ranked first in the 10B+ market leading market list for 2 consecutive years. Perfect liquidity must be kept an eye on.
$Rocket(RKT.US$ Since it was last out, it underwent a bottom correction. It broke through the bottom range with a gap on Thursday and used 0.3% account risk to add. This time, the trading volume was +100%, which clearly greatly strengthened confidence in this move.
$First Solar(FSLR.US$ The previous wave of the market was not captured. This time, it was added after the price broke through the tight dry range at the bottom after the pullback. The trading volume and price behavior for two days were not ideal, but it had a good “pendulum effect” price increase room. It will continue to watch for 3-5 days before making a judgment. The account risk is 0.3%.
$Marathon Digital(MARA.US$ A small addition was made for the third time since it returned above 50MA on Thursday. The response was poor on the same day. Volume and price recovered together on Friday. Stay tuned for miner names with great potential.
$Catalyst Pharmaceuticals(CPRX.US$ It has been watching it for a long time. It has a large consolidation range that began in January 2023. It has experienced several waves of contraction. It was added after breaking through the range on Thursday. Price performance is very good, trading volume is mediocre. Expectations of interest rate cuts have a huge positive impact on these biotech stocks. Keep watching. The account risk is 0.3%.
$Hims & Hers Health(HIMS.US$ It is also a name that was missed in the first half of the year. This time, after its pullback, it was added after breaking through a tight dry range. The closing price was flat, and the trading volume was not ideal. Then observe it after 3-5 days to determine if it can complete the third wave of “pendulum effect”. The account risk is 0.3%.
That's all of this week's deals.
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