Skip to content

News   /   Uncategorized

[Platinum Watchlist] (2.1.23) updates of stocks on our watchlist

[Platinum Watchlist] (2.1.23) updates of stocks on our watchlist
August 21, 2023

It’s FED rate hike announcement day and at moment of this post the DJIA and S&P are down .33% & .15% respectively with the Nasdaq up .09%. I expect sideways trading until the FED announcement.  

LMT closed up yesterday after wicking down to the 20-day SMA which is acting as support. All our indicators are in the green as of yesterdays close, but with expected market volatility today I’ll set stop limits to defend our gains and assure we have no paper trade losses today. Our cost basis is 455.35.  

ADBE was put on the watchlist on 1-30 with a cost basis of 363.15, which was the support level at the 200-day SMA. Yesterday price action closed up at 370.64. There was a slight negative crossover of the SS and there is resistance at 373.42. If you paper traded into this position, be sure to set stops above your cost basis to preserve your gains. Support would be the 200-day SMA.   

SFM was put on the watchlist on 1-30 with a cost basis of 31.75, which was the support level at the 20-day EMA. Price action yesterday closed at 31.95 so up slightly. There is not much room for a gain at this point. If it breaks down through the 20, the next support level would be the 9-day SMA. 

I didn’t include these positions (SFM / ADBE) on the paper trade portfolio tracker as these were trades, I would not make this week because I didn’t want to add any additional paper trade positions prior to the FED rate announcement. I have a risk adverse trading strategy. 

However, others may be more risk tolerant, which is why I include them on the watchlist. Follow your trading guidelines and protect your gains and or reduce your potential losses.   

ED, CPT and GD (mentioned yesterday) are still on the horizon and do not currently meet the requirements of the guidelines.  

This information is provided for educational purposes only and is not a recommendation to buy or sell a security. (edited)

Share this article:

More in Uncategorized:

Best of US Investors

Strategic Stock Allocation for Optimal Returns

In our recent stock talk Zoom call with tribe members, I introduced a new element to my cheat sheet for...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
July 14, 2024

Best of US Investors

Summary of Netlist's Q1 2024 Earnings Call

Summary of Netlist’s Q1 2024 Earnings Call Participants: • C.K. Hong: President and Chief Executive Officer • Gail Sasaki: Executive...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
July 13, 2024

Best of US Investors

Conversion of Crypto Mining Centers into Data Centers -An Investment Opportunity

New data center providers are coming to the market focused on power-dense computer applications, including AI and Bitcoin farming, and doing so...

[Platinum Watchlist] (2.1.23) updates of stocks on our watchlist
July 13, 2024

Best of US Investors

Summary of Netlist's Legal Issues, Patent Prospects, and Acquisition Potential

Legal Issues and Patent Prospects Ongoing Litigation: • Google Case: Netlist is engaged in a significant patent infringement lawsuit against...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
July 12, 2024

Best of US Investors

Iris Energy: A Hidden Gem in Bitcoin Mining and Data Centers

As an investor always on the lookout for undervalued opportunities, I’ve recently come across a company that I believe could...

[Platinum Watchlist] (2.1.23) updates of stocks on our watchlist
July 11, 2024

Best of US Investors

Conversion of Crypto Mining Centers into Data Centers -An Investment Opportunity

New data center providers are coming to the market focused on power-dense computer applications, including AI and Bitcoin farming, and doing so...

Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it

Kerry Grinkmeyer
July 10, 2024

Register for the Best of US Investors Newsletter

Get daily financial news delivered to your inbox. Join today.

©2024 Best of US Investors. All rights reserved.

Site by KMA

Disclaimer

This Best of US Investors website is not and should not be considered investment advice. This Best of US Investors website is for informational purposes only. Nothing on this Best of US Investors website constitutes a recommendation to buy, sell or hold any security at any time. Always consult with a financial professional that is familiar with your specific situation before making any investment or trade.

Use of this Best of US Investors website is at your own risk. Best of US Investors makes no warranties about the accuracy, completeness or reliability of any content on this Best of US Investors website.

All the information on this Best of US Investors website is provided “AS IS”. Do not rely on any statements made on this Best of US Investors website.

In no event shall Best of US Investors be responsible or liable for any damage that occurs while using or reading any content on this Best of US Investors website.

Best of US Investors may have a position (long, short or neutral) in any security mentioned on this Best of US Investors website and therefore may realize significant gains in the event that the price of the security mentioned on this Best of US Investors website declines or appreciates.

Best of US Investors may buy and/or sell any security mentioned on this Twitter account at any time and for any reason. I may trade contrary or different to the information provided on this Best of US Investors website. You should assume that any email or post on this Best of US Investors website may cause the price of the security mentioned to appreciate or decline in a dramatic way.

Best of US Investors may continue to transact in any security mentioned on this Best of US Investors website an indefinite period of time after any email or post and such positions may be long, short or neutral at any time hereafter regardless of the initial view or positions stated on this Best of US Investors website.

In no event shall Best of US Investors be liable for any claims, losses, costs or damages of any kind including direct, indirect, punitive, exemplary, incidental, special or consequential damages, arising out of or in any way connected with any information presented on this Best of US Investors website. This limitation of liability applies regardless of any negligence or gross negligence of Best of US Investors or any company affiliated with Best of US Investors. You accept all risks in relying on the information presented on this Best of US Investors website.

If any statement in this legal disclaimer is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.

For more information, contact [email protected] .