Yesterday we added an exciting new buy to our Quantum Edge Pro portfolio and locked in additional profits, adding even more to the big gains we've taken the past couple of weeks.
As I pointed out in yesterday's trade alert, these moves are all part of our current strategy as we navigate a market that is likely to pull back but remains strong.
I'm keeping my eye on the Big Money Index (BMI), which fell from overbought but has since ticked back up a little bit in the rally since Nvidia's (NVDA) massive earnings report.
We're now towards the end of earnings season, and the slowdown in reports means fewer catalysts for stocks, which could lead to some volatility. All of this makes it the perfect time for us to bank some big gains.
As a reminder, we made the following trades yesterday:
Sell one-third of Tradeweb Markets (TW) for 45% gains.
Buy Neurocrine Biosciences (NBIX) up to $142.26.
We'll take a closer look at NBIX in the video, including what it does, its Quantum Score that's right in our sweet spot, and why I love that the technicals are a little on the lower side.
We'll also check in on our portfolio as a whole, and talk about why we're well positioned for either a pullback or continued strength.
I hope you're enjoying the ride, and I look forward to more success in Quantum Edge Pro. If you have any questions or comments, please don't hesitate to reach out to me at jasonqe@tradesmith.com.
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