BellamySwe @BellamySwe: "𝐌𝐨𝐧𝐝𝐚𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 Gains of 0.31% while..."

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𝐌𝐨𝐧𝐝𝐚𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 Gains of 0.31% while $QQQ was negative 1.30%. 𝐌𝐨𝐫𝐞 𝐧𝐞𝐰𝐬: Trailing stop loss kicked in on $BLDR (Builders FirstSource Inc) , closing the trade with minimal profits. On reflection, I might have put the stop loss a little tight but hindsight is always 20/20. I still kind of like the idea of shorting Builders as it continues the trend of smacking its head against the 20 MA, but one thing experience has taught me is to stick to my initial play. I entered a trade I’d thought would be favourable but had a stop loss in case I was wrong. I’ll stick with it. I’m not going to be chasing what-ifs. On to the next opportunity! 4 𝐃𝐚𝐲𝐬 𝐚𝐠𝐨 𝐈 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐦𝐲 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐢𝐧 $BRK.B (Berkshire Hathaway Inc) Why? Because Buffett and his crew know what they’re about. But also. 👉On the technical analysis side, Berkshire has been contracting since the end of February while tech has soared. What I see on the 1-day charts is that it’s been pulled so taut that it needed a catalyst to either kick it up or drop it down: this AI sell-off may have been just that catalyst. Anyway, I increased my long exposure for 2 reasons: ✅ I believed money was going to rotate out of tech (even if for just a short pullback) ✅ The sensible place for that money to go is into utilities, consumer staples, energy, insurance, etc., which Berkshire Hathaway’s operations encapsulate. ⚠️ Now technical analysis can very much just be the trader's equivalent of reading tea leaves. Time will tell if I’m wrong, but my target is $450. 𝐀𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐭𝐢𝐦𝐞, 𝐈 𝐨𝐩𝐞𝐧𝐞𝐝 𝐥𝐨𝐧𝐠 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 $RGA (Reinsurance Group America Inc) Technically, they’ve not been contracting like Berkshire, but over the last month the price has been bouncing off its 50-day MA. 𝘍𝘰𝘳 𝘵𝘩𝘰𝘴𝘦 𝘯𝘦𝘸 𝘵𝘰 𝘴𝘸𝘪𝘯𝘨 𝘵𝘳𝘢𝘥𝘪𝘯𝘨, 𝘔𝘈𝘴 𝘥𝘰𝘯’𝘵 𝘯𝘦𝘤𝘦𝘴𝘴𝘢𝘳𝘪𝘭𝘺 𝘮𝘦𝘢𝘯 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨 𝘰𝘯 𝘢 𝘴𝘵𝘢𝘯𝘥𝘢𝘭𝘰𝘯𝘦 𝘣𝘢𝘴𝘪𝘴, 𝘣𝘶𝘵 𝘸𝘩𝘦𝘳𝘦 𝘢 𝘤𝘰𝘮𝘱𝘢𝘯𝘺’𝘴 𝘱𝘳𝘪𝘤𝘦 𝘴𝘩𝘰𝘸𝘴 𝘩𝘪𝘴𝘵𝘰𝘳𝘺 𝘢𝘯𝘥 𝘪𝘯𝘵𝘦𝘳𝘢𝘤𝘵𝘪𝘰𝘯 𝘸𝘪𝘵𝘩 𝘪𝘵, 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘶𝘴𝘦 𝘪𝘵 𝘵𝘰 𝘢𝘴𝘴𝘶𝘮𝘦 𝘴𝘰𝘮𝘦 𝘮𝘰𝘷𝘦𝘴. Of course, I don’t base decisions solely on TA. ✅ Reinsurance Group of America are an incredible insurance company and my favourite thing about them is their global reach. Last month they reported their earnings showing a ridiculous increase in net premiums collected. A 58.8% growth compared to the first quarter of 2023, led the way by their EMEA region operations. And hey, Zach’s Rank also puts them at a strong buy - what’s not to like? 𝐈𝐟 𝐲𝐨𝐮 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐢𝐬, 𝐡𝐢𝐭 𝐭𝐡𝐞 𝐭𝐡𝐮𝐦𝐛’𝐬 𝐮𝐩! 𝐀𝐧𝐝, 𝐢𝐟 𝐲𝐨𝐮 𝐥𝐢𝐤𝐞𝐝 𝐢𝐭, 𝐜𝐡𝐮𝐜𝐤 𝐦𝐞 𝐢𝐧𝐭𝐨 𝐚 𝐰𝐚𝐭𝐜𝐡𝐥𝐢𝐬𝐭 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬.

4 Mentioned

QQQ

Invesco QQQ

BLDR

Builders FirstSource Inc

BRK.B

Berkshire Hathaway Inc

RGA

Reinsurance Group America Inc