The week ahead could well bring even less volatility and even more complacency as we move into what everyone expects to be a stellar earnings season–at least in comparison to the first quarter of 2020
Here’s my second bunch of 10 stocks that I’ll be tracking as buy on the dip candidates in my Dip-O-Meter. I’ll be adding these names to the Dip-O-Meter itself and updating the first 10 names as soon as my tech people
Weekly options, monthly options, quarterly options, and even futures contracts all expire tomorrow.
Today, March 15, shares of Marvell Technology Group (MRVL) closed at $48.08, slightly above my target price of $48 a share. In this very volatile market for technology stocks, I’m going to take my almost 20% profit (19.90% to be exact) and sell these shares out of my Jubak Picks Portfolio tomorrow, March 16. The profit came in less than two weeks from my March 6 buy.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The fourteenth YouTube video “3 Picks for Continued Volatility” went up today.
In the last few days the yield on the 10-year Treasury note has tumbled from 1.6% on Monday, March 8, to 1.54% on Tuesday to 1.52% today. That’s brought a breather selling that had, by Monday, pushed the NASDAQ Composite index into a correction of around 11% from its February 12 high. Yesterday and today, the market is as relatively calm place. Cyclicals, vaccine recovery stocks, and “value” stocks are outpacing the technology sector and the BIG tech stocks like Apple (AAPL) and Amazon (AMZN) that had paced the move up to the February 12 high aren’t showing up on the leader board. But still–the Dow Jones Industrial Average may be outpacing the NASDAQ Composite today (up 1.57% to 0.31%) but both indexes are in the black. But don’t relax quite yet. I expect volatility will return.