Taking more profits- sold IBB & CQQQ

Encouraging news about Remdesivir’s efficacy as a COVID treatment has driven markets higher.  I used this as an opportunity to lock in some profits on two stocks that have done extremely well and are within a few percent of their record high.  With volatility still at astounding levels, I think it’s prudent to remain cautious.Continue reading “Taking more profits- sold IBB & CQQQ”

Taking some money off the table…

The S&P 500 has recovered to the previous highs of November 2019.  I’m concerned there might be a little too much re-opening exuberance right now. So to lock in some profits, I sold the following positions: BOTZ             Global X Robotics & Artificial Intelligence ETF GOOGL         Alphabet HACK            Cyber Security ETF NVDA           NVIDIA RYT                S&P 500 Equal WeightContinue reading “Taking some money off the table…”

Bought Tyson Foods

The S&P 500 continues to ping pong around 2850. It has closed poorly for the past two sessions, especially today. ALERT: today I purchased Tyson Foods TSN. It was a small position, no more than 3% of portfolio value…call me CHICKEN !!! For a quick explanation of the rationale, please watch this short video: https://youtu.be/Ofe-N8b2EdQContinue reading “Bought Tyson Foods”

Setup for Portfolio Re-balance

On Friday I took advantage of the relief rally to sell base positions so that I can prepare to re-balance for what I believe will be an inevitable recovery.  I sold and fully closed out of the following positions: IXJ  Global Health Care ETF NVO  Novo Nordisk SCHB  US Broad Market ETF SCHE  Emerging MarketContinue reading “Setup for Portfolio Re-balance”