June 7, 2021

 

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

The S&P 500 continues to base just below the highs.  Meanwhile, the small cap Russell 2000 is rallying towards the top of its range its been in for a few months.  The Nasdaq continues to lag a bit but is rebounding off the 20 EMA towards the highs now.  The ten-year treasury yield continues to be in a narrow range between 1.55% and 1.7% and still below the 52-week high.  The banking index is in a narrow consolidation just below the highs.  The NYSE advance/decline line continues to make higher highs which is a good sign.  The vix volatility index moved lower again last week and closed last week and today below 17 which is a good sign as it settles into a more normal range.  The strategy is calling for holding the following 3 stocks until the next update:

 

This Weeks Stocks:

This week we have no new stocks.  So, to follow the system, you would do nothing.  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 – SIMO

Optional Protective Stop-loss Point: $51.94 (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

Optional Protective Stop-loss Point: $1,891.79

Stock #3 – CROX

Optional Protective Stop-loss Point: $79.89

All 3 stocks were up for the week and we got a small cap higher on CUBI last Tuesday as the strategy outperformed the S&P 500 again.

A move into new highs for the S&P 500 would be a good sign for the market and this strategy in the weeks ahead.

 

 

 

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