My Take
I tried scalping the Alpha Pick stock yesterday and failed. It was a learning experience for me, but it did seem like this roll out was chaotic with the email being delivered to me at 12:08pm EST (instead of right at 12:00pm). I was on the web page and able to get in at a decent price, but it did close down lower. I remember way back in the day when I would do this with Motley Fool stocks it was an easy win for me. This is a $6B market cap stock and while the volume did spike, it seems like too large of a market cap to really drive the price up. Another lesson learned in the market. But the good news is I really do like the stock - good value at a good price.
Now the overall market is waiting for the tariff mess to get concluded. So while I recorded this at 7pm on Tuesday night, things may have changed substantially.
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And if you want to see how I set up the portfolio, here’s the YouTube video you can watch.
Remember the Gary Bundle
The optimum bundle that I can’t live without is:
Trendspider - or some type of chart program that works for you.
Seeking Alpha Bundle that includes Premium (which is the Quant rating for thousands of stocks and the NEW Virtual Analyst Reports that make it easy to understand fundamentals ) and the Alpha Picks portfolio that is a data driven portfolio with a performance that almost triples the S&P.
Spotify, Apple and YouTube Links
Spotify (this may take you to the Tuesday’s show - just be sure you’re listening to April 16th show - 5 stocks to buy)
Apple - (this may take you to the Tuesday’s show - just be sure you’re listening to April 16th show - 5 stocks to buy)
YouTube
Pod Notes
Wednesday
Alpha Picks Scalp
It didn’t work yesterday. The stock has a $6B market cap and it seems like it didn’t pop like I expected. I was on Substack live with some people looking for the pop and it was a bit chaotic, but the learning I have from it is that a stock with a large market cap might be a bit too much for Alpha Picks to move. The email came late, but I was able to get in at a decent price. Luckily it was a stock on my watch list as it’s held up this year. It’s up 12% vs. the S&P being down 8%. So I’ll hold on to it.
Get Alpha Picks - it beats the S&P
Stocks I recommended
Bank of America - BAC 0.00%↑ was up as much as 5% yesterday and even more. It’s a Core Portfolio stock
Citibank - C 0.00%↑ - up almost 10% since the 4 hour algorithm said to get in. Over the past 24 months the 4 hour algorithm has made you 60% vs. 40% if you buy and held.
Netflix - NFLX 0.00%↑ flew 5% yesterday. I think you need to start looking at taking profits on this one. As it gets closer to $1,000, don’t be greedy. The options market is pricing in a relatively small move on $NFLX for earnings so it might not be worth holding it and just take some profits.
Palantir - PLTR 0.00%↑ - way up yesterday again. The 4 hour algorithm had you in at $88 and it’s got a 50% win rate over the last 24 months.
It’s one of the 10 stocks in the article below.
We’ve talked about the 200 day moving average being a main component of technical trading and charts. Here are 10 stocks in the S&P 500 that are trading well above their 200 day. All of these are up YTD between 10% and 29%.
Crowdstrike - CRWD 0.00%↑ was up 4% yesterday - the 4 hour algorithm had you in at $369 and I went big on this one last week at a lower price. The 4 hour has a 58% win rate, makes you slightly more than buy and hold and it’s a product that has the ability to shut down the world. Who’s cutting their exposure to this product? NOBODY
Snowflake - SNOW 0.00%↑ has an entry in the 4 hour algorithm and you can see it beats buy and hold - but I do like to buy it in the weekly channel that goes back to 2022
Keep an eye on $UNH as it does indicate a potential move lower, but I like it heading in to earnings. Any weakness should probably get bought here.
It’s a Trade War
China fired back telling their airlines not to buy Boeing planes
After the close, nvda disclosed they have to write off inventory they cant sell to China … this is going to severely hamper their revenues because these are older chips
What if you were to just buy when the market is down?
What happens if you buy when the market is down 15%?
And how many drawdowns have we had?
Pelosi hasn’t sold - in fact she bought higher
This kind of thing is available in Trendspider
You can find the trades of your favorite political leaders
Earnings
$UAL - did VERY well - it’s been beaten down
$IBKR missed EPS, beat on revenue, announced a 28% increase in the dividend and a 4 for 1 stock split. Interesting that it’s down.
The CEO said the traders were net buyers through the quarter - that’s not a bad thing. He said more and more money is coming in.
Crypto
I have no idea what this means, but look at the stock price -I thought it was a SPAC but it’s not - just shifted strategies
You might ask how I found this stock - I was simply looking at Finviz and it was listed as an oversold stock.
on the 65 min algo, if you had bought, you’d be way up now and it still has confirmation
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