Q1 review - How I'm finding winning stocks for Q2 and the rest of 2024
Here are some helpful hints on how I'm finding stocks I want to invest/trade for the remainder of 2024
Let me first start out with a pat on the back for me for 2024 so far. In my Predictions for 2024 paid newsletter, I outlined a few things (most have been spot on so far), but one trade that I’m willing to tell EVERYONE about is $XLF. Here’s the photo of the newsletter for all FREE newsletter subscribers.
And if you’re interested in reading more, here is the article.
Just look at the chart of $XLF in December and you’ll see the breakout. You’ll also see how it’s still got confirmation.
Even in the 4 hour algo, you’re still in the ETF since January.
Now I was WRONG about the $DPST portion of the prediction. You’ll see in the chart below, this has traded more sideways on a weekly chart. Regional banks just have not had success, but you’ve had huge moves in many of the top holdings of $XLF including $JPM at all time highs.
There were plenty of things I was wrong about so far (oil, energy and renewables, crypto, etc), but that’s why you diversify and you don’t lock yourself in to a thesis for the whole year. 52 week highs doesn’t signal the end of a run - find the momentum and you can play that until it breaks down. Many folks didn’t get in to $SMCI until $500/share and it doubled after that.
Where to find the Q2 and remainder of 2024 winners
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