Positions Update
“Edutainment” is a good description for what I’m attempting on this substack.
Utility however requires regular updates. How that’s done and how often will evolve, while gratefully taking feedback into consideration. I’ll aim for weekly position updates plus whenever else warranted.
In big bold headings below are my “one and done” holdings for a given sector or theme, plus any additional ideas offered for those looking to spread the risk… or add risk as the case may be.
For context click the section’s heading to see the original post.
Read an explanation of my scoring system here. I’ll elaborate over time.
1 Crypto
ApeCoin +26% in a week, +29% if staked, i3 m1 = bear market rally
MARA +91% in a week, +99% at high. i1 m1 = bear rally, don’t chase it
Cryptos spiking this weekend. Shouldn’t surprise to see MARA open another 25% higher or more on Tuesday (U.S. markets closed Monday) if this rally in crypto sustains its altitude or climbs even higher.
As mentioned I would (here), I chipped out some MARA Friday - sold 30% of my shares, which were up 100% based on my cost.
Cryptomania’s runnin’ wild! For now.
2. Tech
FNGU +27% in a week, i26 m10 = bear market rally
One of FNGU’s biggest weekly percentage gains ever, on highest weekly volume ever.
Given this happened after a severe sell-off last year and sideways price consolidation the past 3 months, upward momentum should continue awhile.
Along with tech and the highly speculative crypto sector shooting skyward this past week, the Russell 2000 Small-Caps index - which typically leads major market swings - capped its first rally of six consecutive days since equities peaked 15 months ago.
Keep that 15-month time frame in mind when reading section 6 Uranium below.
In re: FNGU component META, enjoy The Honest Broker’s excellent “How Web Platforms Collapse: The Facebook Case Study”
3. Cannabis
MSOX i0 m0 = bearish, slow l/t accumulation only
Patience, process and prudence paramount.
4. Gold
GROY i3 m3 = l/t bullish across the goldboard
RVLGF +3% in a week, i2 m3
GLGDF +13% in a week, i3 m1
SA +1%, i3 m1
Sentiment in precious metals is getting frothy, so expect a pullback soon. In case of consolidation or significant selling, I won’t add to positions until my scores reset then turn bullish again. Could take weeks or months. That discipline alone prevents the vast majority of mistakes made in markets at every level of participation.
Specific to GROY, I’m looking to add warrants once it trades back over $2.70
A couple more golden ideas were offered Tuesday:
AUST i3, m1
I’d said “I might stop out of AUST if it closes below $1.00”. Nah, it’ll be fine. That stop’s too tight, especially given its daily trading range, and the resulting fill might not be far above a price representing its cash on the books. No stop.
ASM i3 m3 - very bullish, breaking a 6.5-year down trend.
5. Financial
PYPL buy triggered Thursday at $80.01, i3 m1 weak rally so far
6. Uranium
URA i3 m1 nearly breaking 15-month down trend
ANLDF i3 m3 bullish entry signal
DNN i3 m1 big bull signal in effect w/ broken 15-month down trend this week
UEC i3 m0 = wait. For long term investing we want m1 at minimum
UROY i3 m1 = not yet at an ideal entry/add point
U.U i3 m0 = wait
SMR i1 m0 bearish possibly turning bullish, ideally wait for i3 before entry or add
URA monthly chart shows part of an almost 2-year bullish consolidation and 9-month down trend broken. Very bullish above $22.50, breaking 15-month down trend.
Last at $22.14 with several patterns pointing over $40
The band doesn’t sound tired, so keep dancing.