Alright, CPI came in right as expected. It's a risk-on(ish) market. I still have no doubt we get more downside volatility before the Fed meeting in September, but I think the near term the volatility will be biased to the upside. I also think QQQ/Tech might get used as a catch-up trade. Rates coming down, helping everything as well.
I'm sticking with the playbook. Another day where Healthcare has a solid chunk of the top 20 picks.
TMO is the Healthcare top pick - also the top pick overall yesterday. There are 42 picks between my QB500 (top 500 market cap), Healthcare, and Tech 100 Long. I also have an all-cap tech model I like to look at when I want more beta.
MU and SNDK hold the top spots in my portfolio. I'll get taken out of some on the open and holdd the rest, add back on decent weakness.
I also pulled up my All-Stocks model. It performs pretty well it just has a lot of volatility and previous solid drawdowns. I’m watching it, I like to use it shorter term and play smaller trades with bigger swings.
Image 1 is Today's Picks from Healthcare, Tech 100, and general top 500 market cap, 42 deduplicated picks, avg confidence about 66%.
Image 2 is the picks from the All Stocks model - Overlap on, 19 deduplicated, avg confidence about 58.5%.
I like to buy these in batches. \~1% positions per lot. 2–4 lots per stock. Each with their own trailing stop and step-ladder profit takes.