Sell MP +10%
This morning M P Materials (MP) jumped and broke through its its upside stop. MP was sold +10% and you should follow suite ASAP.
Sell MP $53.60 +10%
Also, at time of writing this alert, the overall portfolio was +2.08% and therefore should be watched as it nears our +2.5% rule.
Stay tuned.
Duncan Campbell
New Portfolio - Final Pricing
Below is our new portfolio with final pricing.
| Tue noon | -12.5% | +10% | ||
| AMPH | Amphastar Pharma | 34.85 | 30.49 | 38.34 |
| ACLS | Axcelis Technologies | 80.73 | 70.64 | 88.80 |
| MPWR | Monolithic Power | 472.10 | 413.09 | 519.31 |
| CMC | Commercial Metals | 40.46 | 35.40 | 44.51 |
| ANET | Arista Networks | 134.31 | 117.52 | 147.74 |
| MP | M P Materials | 48.73 | 42.64 | 53.60 |
| FMC | F M C Corp. | 131.30 | 114.89 | 144.43 |
| MTDR | Matador Resources | 52.48 | 45.92 | 57.73 |
| NVDA | Nvidia Corp. | 270.34 | 236.55 | 297.37 |
| MATX | Matson Inc. | 119.70 | 104.74 | 131.67 |
Good luck and stay tuned.
Duncan Campbell
Replace AOSL & ZIM with FMC & MTDR
AOSL jumped about 10% and ZIM 9%. We will replace them with the following stocks:
FMC F M C Corp. - Chemicals - Agricultural
MTDR Matador Resources - Oil & gas - US Exploration
Sorry for the curveball.
Duncan
New Portfolio
Below is our new portfolio with approximate pricing based on Monday's close.
We will re-enter the market tomorrow (Tuesday) noon.
| Mon close | 12% | +10% | ||
| AMPH | Amphastar Pharma | 35.45 | 31.02 | 39.00 |
| ACLS | Axcelis Technologies | 78.53 | 68.71 | 86.38 |
| MPWR | Monolithic Power | 464.43 | 406.38 | 510.87 |
| CMC | Commercial Metals | 41.07 | 35.94 | 45.18 |
| ANET | Arista Networks | 131.95 | 115.46 | 145.15 |
| MP | M P Materials | 49.10 | 42.96 | 54.01 |
| ZIM | ZIM Integrated Shipping | 88.01 | 77.01 | 96.81 |
| AOSL | Alpha & Omega Semiconductor | 56.94 | 49.82 | 62.63 |
| NVDA | Nvidia Corp. | 267.34 | 233.92 | 294.07 |
| MATX | Matson Inc. | 119.91 | 104.92 | 131.90 |
Good luck and stay tuned.
Duncan Campbell
New Portfolio - Final Pricing
We re-entered the market today at noon EDT.
Below are final official portfolio prices together with upside and downside stop points.
| Thu noon | 12.5% | +10% | ||
| NUE | Nucor Corp. | 134.54 | 117.72 | 147.99 |
| STLD | Steel Dynamics | 80.25 | 70.22 | 88.28 |
| CF | CF Industries | 90.01 | 78.76 | 99.01 |
| KNSL | Kinsale Capital | 218.14 | 190.87 | 239.95 |
| MATX | Matson Inc | 117.77 | ... |
New Portfolio
Below is our new portfolio with approximate pricing based on Wednesday's close. We will re-enter the market tomorrow - Thursday at 12:00 noon.
| Wed close | 12.5% | +10% | ||
| NUE | Nucor Corp. | 135.11 | 118.22 | 148.62 |
| STLD | Steel Dynamics | 75.01 | 65.63 | 82.51 |
| CF | CF Industries | 88.16 | 77.14 | 96.98 |
| KNSL | Kinsale Capital | 217.24 | 190.09 | 238.96 |
| MATX | Matson Inc | 115.35 | 100.93 | 126.89 |
| RS | Reliance Steel & Aluminum | 189.47 | 165.79 | 208.42 |
| DAR | Darling Ingredients | 73.90 | 64.66 | 81.29 |
| FMC | F M C Corp | 126.13 | 110.36 | 138.74 |
| CPE | Callon Petroleum | ... |
Green Market
Today, both indexes rallied in impressive fashion. The Nasdaq and the S&P 500 both advanced by 3.8% and 2.2% respectively. Volume also increased by 19.8% on Nasdaq and 18% on the NYSE (S&P 500).
All of this bullish action resulted in the markets finally being reclassified back to GREEN - confirmed uptrend.
We have therefore, begun the selection process for a new portfolio and intend to re-enter midday tomorrow.
Stay tuned
Duncan Campbell
Market Update
Last Wednesday both indexes displayed major rallies. Many thought this would be our long awaited follow-through day, that would trigger market reclassification to GREEN. This did not happen because the volume was very low and don't exceed the prior day's levels. The reason volume is so important in these cases is that it indicates whether all the institutional players are participating or just a select few.
Sure enough, the rally was not sustainable as markets again fell Thursday and through today. This correction is now in its 12th day with no sign of a major reversal. The good news is that the lower the market goes, the more the market leaders that we buy should be brought down to more reasonable price levels.
And so we wait. We wait for that major follow-through day that will signal a market reversal. We also hope in the interim that our current lows of Feb. 24th aren't undercut, which would extend our wait by at least 4 days.
Stay tuned.
Duncan Campbell
...
Market Update
Today the market indexes rallied strongly. The Nasdaq jumped 1.6% while the S&P 500 rose 1.9% and the rallies showed good market breadth.
The rallies came following Federal Reserve Chairman Jerome Powell's guidance to Congress on interest rates.
However, despite of the strong advances the rally did not qualify as a follow-through day. The problem was volume. The volume did not exceed the previous day's as too many institutional investors sat on the sidelines.
We will continue to wait for the market to reclassify to GREEN before returning.
Stay tuned,
Duncan
Market Update
Today the market continued to decline rapidly due largely because of the impending war between Russia and Ukraine.
The Nasdaq dropped 2.6% and currently remains well below its 200 day moving average. The index has now registered declines in 5 straight days.
The S&P 500 dropped 1.8% today. It, too, currently sits well below its 200 day moving average having declined for 4 straight days.
In terms of major institutional selling days, the Nasdaq is at 7 days and the S&P 500 is at 6. Both of these day counts are quite high.
All of this resulted in the market's reclassification after the close to RED - Market in Correction.
As you know we have a high bar for reentering from a RED market. To get the market to GREEN and reenter we'll need a minimum of 4 trading days where the markets rally and don't undercut the lows established today. Once this rally has established, the final day must see indexes rise at least 1.25% on volume above the prior day.
We will now wait for our GREEN...
