3 Stocks to Wealth

August 24, 2020

 

Near-term Market Forecast: The market environment is modestly favorable for appreciation of these stocks in the weeks ahead.

The S&P 500 broke through the pre-pandemic highs last week and closed above that level on Friday.  Today the S&P 500 followed through with a 1% rise on stronger volume.  The yield on the ten year treasury moderated last week and closed today at .646%.  The Nasdaq continues to reach new highs with some rotation towards re-opening plays outside of tech.  The small cap Russell 2000 is still below the pre-pandemic high as it continues to lag overall.  However, its also in a bullish consolidation.  The NYSE advance/decline line pulled back but is still in a long-term uptrend as the yield curve continues to look fine.  We continue to expect bouts of volatility as the VIX is still over 22 but the strategy is calling for holding positions in the 3 stocks below until the next update:

 

This Weeks Stocks:

This week we have 2 new stocks.  So, to follow the system, you would sell MEDP and AAPL and use the proceeds to buy equal dollar amounts of AMZN and CROX.  If you are just starting, you would buy equal dollar amounts of all 3 stocks when the market re-opens in your risk-capital account dedicated to this system.  Be sure to view the complete introductory video before getting started.

 

Stock #1 – MHO

Optional Protective Stop-loss Point: $33.85 (Be aware that a tighter stop-loss will likely severely reduce performance over the long-term based on back-testing for this strategy. See upgrade and performance video for further information and insight on optional stop-loss orders.)

Stock #2 – AMZN

Optional Protective Stop-loss Point: $2628.70

Stock #3 – CROX

Optional Protective Stop-loss Point: $31.49

Another good week led by Apple which gained another 11%.  Meanwhile, MHO was up about 1.5% and MEDP was down nearly 5%.  Overall, the strategy easily beat the S&P 500 again.

As always, its difficult to know when the strategy will continue trending higher or go into the next pullback or consolidation.  Consistency is key to have a shot at the big gains over the long-term.

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Brian C Neall
Founder – Investtobefree.com
email: info@investtobefree.com

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