That was the second-best month we have seen in the last 12 months. December 2023 was the best followed by this February. This makes four in a row with gains and the S&P 500 is bouncing around highs, so it does make all traders nervous. Let me show you our numbers.
Month: February 2024
TSP moves going into March 2024
Tomorrow marks leap year, and it also marks the end of the month. Tonight I will show you our four indexes, and we will decide on how to spend our leftover moves for March. Let’s get started.
Had to sell UNH because it triggered
Just bought UNH 5 days ago and it already fell through my 5% stop loss trigger. Before I could get it sold it fell more and I took a 7.56% loss on this position. Rules are rules, so no waiting until it recovers and absolutely no buying more to cost average down. I stuck UNH…
Added ANF
I could not wait for a pullback in ANF and decided to just jump on the train. I might have called the high, but worst case, I have a 5% stop loss set to protect myself. Also, if the 30-minute chart does roll over and then bounces, it will give me an add signal. Entry…
Back in AXP, ANET, and sold Google
Here are the charts and my entry levels at the close yesterday. Update on Walmart included.
Trying to make sense of earning reports
There is a trader out there that I heard many years ago say, never hold a stock position into earnings. He is right but if you have a nice gain of 10% or more, you are a little safer holding through the report. I am going to show you that even a 10% gain is…
TSP charts as of 2/25/24
Next will be the close of month two, February. I was expecting a loss or flat month, but as long as prices do not collapse next week, it will be one of our best months. I am starting to hear chatter that this run is exhausted and a rollover is imminent. This run began in…
NVDA came through
It is crazy to me to see how one earnings report could affect an entire market across the board, but it has. What does that mean for us? Today will be a good day. I will warn against running in and buying individual stocks until 3 p.m. or later, or just wait till tomorrow after…
Everything is hinging on one stock tonight
The markets have turned into a churn of fear or at least that is what it feels like. I have sold/closed 8 positions and opened 2 in the last two days. What is the stock that everyone is holding their breath on?
TSP charts as of 2/18/23
On Monday, February 19, the stock market is closed for President’s Day. Something happened Friday that might be the first indicator that the run-up from November is coming to an end. It has been a crazy show to watch, and I didn’t participate in the amazing run, but I did see the crash. What was…
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