Sell in May and go away - Time to lock in some profits - Nasdaq topping ...

Video update for week of May 2.

Check it out - discusses NASDAQ topping out and overall markets.

Higher highs as we predicted and stocks for next week - check out the vi...

Check out this video - we discuss the following topics and how we have been predicting higher highs and what to expect along with some of our picks.

See the agenda for the video below:

Key thesis and premise of our analysis and “WHAT WE HAVE BEEN SAYING”

Apr 11, 2021

• RISK IS HIGH – No change to this thesis – Markets are extended
• Markets will hit new highs – As expected – DJIA hit brand new high – As expected - hitting new highs
• March will be volatile – As expected – March was volatile – heading into earnings season now
• Being nimble in trading – still working well – Technicals are working well
• Not an investing but a trading market – No change here except for some big cap names
• Watching your technicals closely – MA’s, MACDs, RSI, CCI, CMF along with volume – Still using same indicators
• Using options for covered call and covered put strategies – Always using this as a good system for better ROI
• One on ones available for $99/hour
• Contact us – truchartscom@gmail.com
• Follow us on twitter - @trucharts

Markets update for the past week

• NASDAQ, DOW JONES and SP500
• From mar 13 - NEW HIGHS – DOW target 32000 – above and beyond now – new target - 35000; 
• NASDAQ holding in congestion/consolidation mode
• Current expectations – Still like DOW stocks – statement from Mar 13 – no change
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• Trades for next week – Retail stocks worth watching, tech volatile but not investable, Big cap names in DOW rule – same thesis from Mar 13 video
• What is our current investing theme – Trade tech with shorts and short term, and big cap names – seems to be working well
• Some SITE key features revisited
• 
  
• Subscribe to our youtube channel and trucharts.com site – Tradier brokerage

Please consult with your financial advisor before making investment decisions.

Not providing financial advice – just our analysis

Markets - DOWN DOWN DOWN! - Read what we said!!

Markets --- DOWN DOWN DOWN! - Read what we said!!

Well there you have it - DOW down 530 points and NASDAQ down 171 wow!! Just go read all our blog entries and our tweets/fb posts on taking profits and hedging your positions with puts - we talked about the topping nature of the market and we covered some shorts this morning for a tidy profit - we were up all night thinking of trades to do this morning and then got the easy gift of DE (Deere) - we shorted right at the open. We have been short HAL, PYPL and IBB. We closed our IBB short call for 90% profit today - last week in our blog we picked IBB and HAL as top shorts along with PYPL and BABA, INTC, MU.

Good luck trading.. We told you so!!

Closed SWKS short.

Trucharts team