The Investor Channel Newsletter #1
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This newsletter will be something I send out once per week - likely on Monday.
The Watchlist
For the past 2 weeks markets have primarily traded on news out of Russia. While that situation is headed for a prolonged conflict, markets are already pricing in elevated commodity & energy pricing. This week could be a turning point on what the market focuses on.
On Thursday we’ll get various Consumer Price Index (CPI) readings. The projected year-over-year read being 7.8%. This will spark discussions on how far behind the curve the FED is fighting inflation - and consistent CPI reads this high always lead to recessions.
S&P 500 Index is still firmly in a downward channel. A bullish move would send the index above 4400 - otherwise we assume the index will retest the 4150 lows seen at the end of February.
Stocks I Bought or Sold Past 30 Days
Trades:
Bitcoin - I’ve traded this as it seems to have support in the mid 30’s and meets resistance in the mid 40’s.
COM - Bought this 2/22 @$31.50 figuring it would break above the all-time highs in November. Have a trailing stop set as this isn’t something you just want to hold.
SLV - Bought 2/22 @$22.40 technically looked like it might break to the upside.
Long/Investments:
PEP - Bought 2/22 @$168 as the technical setup was good and I wanted to increase my allocation in a long position.
MSFT - Bought 2/24 @$280 and 2/18 @$286 just adding to a long position since it’s one of the few FAANG names I’m not fully allocated to.
ADBE - Bought 2/18 @$445 I’ve always wanted to get in this name and figured I’d take a shot since it’s pulled back to a technical level I like.
WMT - Bought 2/18 $137 Similar to Microsoft, I’m building a position in WMT and technically the $137 level was an area of support.
Not investment advice. Not a recommendation to buy or sell any stock including tickers above.
YouTube Channels I Love!
Need a break from The Investor Channel? I don’t blame you, just be sure to come back. Here are some channels I watch regularly.
Macro Voices: Weekly interview that is perfect for long car rides or workout.
Trader Merlin: I’ve appeared on this show a few times, also can be found in podcast form. You’ll learn solid technical analysis and trading techniques by watching this daily show.
Steven Van Metre: Steve’s gone super bearish because, I think, he’s managing his clients money for a market downturn. However, his data and understanding of FED policy is high level.
Missed A Video?
All Things Being Considered …
Virtually all major companies have reported earnings - so we’ll turn our attention to the broader markets and macro news/events. Currently only staying long core names and trading momentum in commodities, metals, and energy. Speculative and high multiple stocks remain off my radar for the time being.
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Thank you for starting this newsletter. I love your Youtube channel. Keep up the updates please :)
Thanks for setting up the newsletter, this will be really useful! Would love an update on Adobe that you bought- looks to me like it broke through support at 440 and is unlikely to find any until around 350. Are you holding or did you get stopped out of this one?