Tomorrow’s Buys:
Automatic new buys in real money portfolio: CMS Energy, with a nice breakout on good volume.
LMT, Lockheed Martin, look like it has a breakout, but day ended below the opening. Defense stocks may have momentum, and there’s the Saudi Arabia Defense deal, but I prefer taking the risk with CMS instead.
Recent Sales:
BABA (Alibaba), ISRG (Intuitive Surgical), LRCX (Lam Research), HON (Honeywell) were sold on 5/18/2017 during the selloff to take profits.
BABA and LRCX look like good longer term plays, so while the trading positions were sold, the investment positions of Alibaba and Lam Research remained.
The night of the selloff, there were Buy Signals for CL (Colgate Palmolive), AMT (American Tower), and EXC (Exelon Corporation). EXC had the went above 200 Day Moving Average on above average volume signal, and I wanted to see how those stocks behaved. CL and AMT were on 52 Week breakouts. There’s even a story that Colgate-Palmolive is open to a sale of the company. These stocks were bought on 5/18/2017, the day after the selloff.