3 Stocks to Wealth

August 3, 2020

 

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

On the back of some enormous upside earnings surprises from Apple, Facebook and Amazon, the Nasdaq managed to make new highs again during the day.  Meanwhile, the S&P 500 continues to strengthen a few percent below the pre-pandemic highs.  The small cap Russell continues to lag.  However, this may be changing.  Like the S&P 500, the Russell 2000 is in a strong consolidation pattern.  The ten year yield took out the April lows last week but rebounded a bit today to perhaps start breaking a short-term downtrend.  Generally, the last week of July and first couple weeks of August is a seasonally weak period for the market.  However, the market could rally into an expected 2nd coronavirus relief bill.  We still expect bouts of volatility in August given the looming election and the parade of earnings reports due this week.  In either case, the strategy is calling for holding positions in the 3 stocks below until the next update:

 

This Weeks Stocks:

This week we have 1 new stock.  So, to follow the system, you would sell ENPH and use the proceeds to buy QDEL.  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 – MTH

Optional Protective Stop-loss Point: $75.79 (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 – QDEL

Optional Protective Stop-loss Point: $223.70

Stock #3 – TER

Optional Protective Stop-loss Point: $69.89

It turned into a nice week with ENPH gapping much higher after hours after the SEDG beat.  MTH and TER were also up a few percent from the entry point taught in the getting started video.

As always, its important to be consistent each week, month and year to have a shot at the largest gains over time.

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

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