3 Stocks to Wealth

September 9, 2019

 

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

The major market averages broke out of the top of their recent range over the past few weeks.  More volume came in on Thursday as the Nasdaq gained enough to generate a bullish confirmation day.  However, bullish market signals this soon after a bearish signal often fail to lead to a sustained uptrend.  Also, we are seeing weakness in many of the market leading stocks over the past few days.  New leadership may be taking over but time will tell.  The ISM services index for August was much stronger than expected which helped to propel the market above its prior range.  This gives the impression that the economy is just slowing down and not going into recession after the weak manufacturing PMI number.  Again, many of the most conservative industries such as consumer staples are helping to lead the market higher which is not a great sign.  There is still elevated risk of a larger correction given how soon we saw the bullish market signal but the market is likely to trend higher into the likely Fed rate cut.  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 COUP and use the proceeds to buy PCTY.  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 – MDC

Optional Protective Stop-loss Point: $30.89 (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 – CMG

Optional Protective Stop-loss Point: $634.90

Stock #3 – PCTY

Optional Protective Stop-loss Point: $77.90

Many of the top young growth stocks were clocked over the past couple days including TWLO, OKTA, TTD, PAYC, most others and unfortunately COUP despite the blowout earnings report and guidance raise.  This produced another down week for the strategy although CMG and MDC did fine.  Earnings growth for 2019 is still being projected to be negative for the full year.

 

The new subscription site should be live within the next few days.  Check your email for a new login link and password in the days ahead.

 

 

 

 

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

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