NPP's This Week In Trading 6.2.19
Current Market Environment: Volatile
An ugly week for the market, but we came out looking like beauty queens. While the SPX was -2.95%, we were a sparkling +0.76%. Our late-trend trading style continues to pay well. And we will continue buying extreme lows and taking quick profits until this market finally bottoms and begins a new trend.
All of our indicators suggest we have reached short term extreme lows and are beginning to reach intermediate term extreme lows. Which means, a bounce is imminent. If we are lucky enough to get a gap down on Monday, we will be buyers of a few names above their 200sma that have been getting big call buying to take advantage of said bounce. These names are almost identical to last week's names that we traded—AMAT AMD AMZN JD NFXL QCOM SPXL TWTR XLNX .
If things play out like we think, this should be another profitable week for us
Onto week 23!
This Week's P&L:
This Month's P&L:
This Year's P&L:
NPP vs SPX Lifetime:
Long-term: ACB (calls) ARKG CRSP (calls) EEM GE GLD NIO NIO (calls) QD (calls) SGMS SGMS (calls) SIG (calls) VIPS Z (calls)
Short-term Full: SPXU
Short-term Runners: none
Stopped out: none
AAPL ABBV AMAT AMD AMZN BABA BAC BIDU BOX C CAG CGC CPRI CRM DHI DIS EA DWDP EDU FB FSLR GILD GLUU GOOGL HUYA IBKR IQ JD JPM LEN LEVI LYFT MRVL MSFT MU NFLX NKE NVDA PRU QCOM ROKU SE SMH SPOT STNE TEUM TEVA TJX TWTR TWLO UAA UBER WDC WMT WYNN X XLNX YELP Z