News / Uncategorized
[Platinum Sell Alert] (5.31.23)
[Platinum Sell Alert] (5.31.23)
August 22, 2023
PAPER TRADE ONLY
Sell ODFL – $311.43
Price action opened at the cost basis and triggered a sell limit at support at the 20-day EMA. The RSI also retreated below the 50 level. This provided the portfolio with a 1.39% loss or $440.00 in total.
Sell BWA – $45.15
Price action opened below the cost basis and hit stop limit at 45.15 which has acted as resistance going back to early May. The RSI is below the 50 level and the Stochastic is below the %D line. The MACD is also rolling over. This provided the portfolio with a 2.17% loss or $100.00 in total.
We have talked about how Market Conditions can affect the stock market and volatility. This market is thinly traded with AI associated stocks moving the Nasdaq and S&P up while the DJIA lags behind. A majority of stocks in the S&P are trading below their 50-day SMAs telling us we have not been experiencing a broader market rally over the past few weeks.
Not every trade goes our way which is why we utilize stop limits. Utilizing stop limits prevents a trade from running up losses beyond our risk tolerance. The portfolio is still up $3685 for the month.
The charts for these stocks can be found on the stock watchlist channel.
This information is for educational purposes and not a recommendation to buy or sell a stock.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Sell Alert] (5.31.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Sell Alert] (5.31.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024