3 Stocks to Wealth
January 3, 2022
Near-term Market Forecast: The market environment is neither favorable or unfavorable for appreciation of these stocks in the weeks ahead.
The Nasdaq held its 150 day moving average support again, had a nice Santa rally, and looks poised to start the 2nd leg in an A-B-C up pattern. Meanwhile, the S&P 500 closed above the prior all-time high after Christmas and has held those levels so far. The small cap Russell 2000 continues to lag but is strengthening near the 50 day moving average. As rate hikes and omicron get priced in, the VIX volatility index is subsiding below 20 and closed today below 17 which is a good sign. The ten-year treasury yield is surging now and closed today at 1.628%. This is helping to expand the yield curve a bit. The market conditions continue to be good enough and the strategy is calling for holding the following 3 stocks until the next update:
This Weeks Stocks:
This week we have 1 new stock. So, to follow the system, you would sell AZO and use the proceeds to purchase TSLA. 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 – MSFT
Company Profile
Zacks Earnings Release Date
Yahoo News
seeking alpha articles
Optional Protective Stop-loss Point: $269.49 (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 – GOOGL
Company Profile
Zacks Earnings Release Date
Yahoo News
seeking alpha articles
Optional Protective Stop-loss Point: $2395.90
Stock #3 – TSLA
Company Profile
Zacks Earnings Release Date
Yahoo News
seeking alpha articles
Optional Protective Stop-loss Point: $947.90
The strategy underperformed the S&P 500 a bit but still made some nice gains into the end of the year. All 3 stocks were up a few percent.
January is often one of the best months of the year although the Fed pivot, omicron and inflation concerns could make it a more choppy ride this year.
Brian C Neall
Founder – Investtobefree.com
email: info@investtobefree.com
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