3 Stocks to Wealth

September 7, 2021

 

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

A poor jobs report and more tax talk from Congress caused the S&P 500 to pull back just a bit today as the large cap index is down slightly since last Mondays close.  The Nasdaq was up slightly as large caps continue to be in a strong uptrend.  It was good to see the small cap Russell 2000 make a strong move back above the 50 day moving average and hold above there over the past few days.  Still a few percent off the highs but getting close to a breakout for the small cap index.  A poor jobs number is giving hope for a delayed Fed taper but supply chains are stressed and others are predicting tapering in the months ahead.  The S&P 500 dividend yield continues to be around the ten-year treasury yield but the ten-year treasury yield gapped higher today and held those levels.  The NYSE advance/decline line continues to move sideways but tested the highs last week.  The vix volatility index is starting to move back higher off the low of its multi-month range.  Lets see if it moves higher to test the top end of the range in the days ahead with a market pullback.  In any case, the strategy is calling for holding the following 3 stocks until the next update:

 

This Weeks Stocks:

This week we have 2 new stocks.  So, to follow the system, you would sell FNF and KLIC and use the proceeds to buy equal dollar amounts of CTRN and NTR.  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 – GOOGL

Optional Protective Stop-loss Point: $2274.00 (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 – CTRN

Optional Protective Stop-loss Point: $72.38

Stock #3 – NTR

Optional Protective Stop-loss Point: $51.49

Some more progress last week with less than a 1% gain as the S&P 500 was down slightly.

September is considered the worst month for the market.  A lot of that has to do with election years where the outcome and implications are unclear heading into the election.

 

 

 

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

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