3 Stocks to Wealth

February 24, 2020


Near-term Market Forecast: The market environment is neither favorable or unfavorable for appreciation of these stocks in the weeks ahead.

Coronavirus outbreaks in multiple other countries pressured the market indices over the past few days.  The S&P 500 erased all the gains for the year so far while the small cap Russell 2000 is well in the red.  The Nasdaq continues to be above water for the year.  The indices came down quickly to test the 50 day moving average on much stronger volume.  The indices are still well above a rising 200 day moving average and near a horizontal support level where we may see a bounce.  After hours, futures are trending a bit higher.  The NYSE advance/decline line continues to be in a strong uptrend channel but came back to perhaps test the lower bound of the channel in the days ahead.  Both the banking and transport indices came down to break a prior low on strong volume and completed a full projection of a first wave lower in an A-B-C down pattern.  The Vix volatility index surged today to levels not seen since late 2018.   Earnings season is still going on, election uncertainty along with the coronavirus impact is weighing on the market so we continue to expect more volatility in the days ahead  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 AMZN and PYPL and use the proceeds to buy an equal dollar amount of PFSI and REGN.  If you are just starting, you would buy an equal dollar amount 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 – REGN

Optional Protective Stop-loss Point: $337.90 (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 – PFSI

Optional Protective Stop-loss Point: $28.90

Stock #3 – SLM

Optional Protective Stop-loss Point: $9.38

The 3 stocks were lower last week and underperformed the S&P 500 slightly.  As can be seen on the performance chart, draw-downs tend to be more than double the overall market.  However, a market led by larger cap companies can help to reduce this as we saw during the last significant pullback in late 2018 where the drawdown about matched the overall market.





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

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