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Journey to $1 Million, June 24th, 2021

It was a mixed trading day today. My entire portfolio did +0.40% today and up more than 5% for the week. Thursday's weekly initial jobless claims report out Thursday morning is likely to show a drop in new unemployment filings after last week's unexpected uptick. And Friday's personal consumptions expenditures (PCE) report will likely show headline inflation rose at the fastest pace in 13 years in May, in the latest sign of upward inflationary pressures. My prediction is since we already know that, if there are no surprises, stocks should continue up this week.

Make sure to join the Discord for free alerts! I have put a lot of work into making a great community and setting up the alerts from Trend Spider to automatically go off when one of my own trading alerts are triggered.

PICKS THIS WEEK:



$ROKU Call +30%

$NAIL Commons -9.1% (ong)

$GPS Commons +6.86% (ong)

$V Call -7% (ong)

$BABA Call +18% (ong)



REMEMBER: Make sure to take profits! Its better to take a little off the table then none!

No alerts went off today, we had a small pull back across a few on my watchlist.


I will be starting a book study YouTube series soon. Make sure you are following my channel to get the latest updates. The book that we will be going in depth on is called "Margin of Safety" by Seth Klarman. Klarman is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing. I think there is a lot of my followers that can benefit from following a value investing mind set and I always recommend that for at least 90% of your entire portfolio anyways. If you have taken my webinar classes you will know.


This book costs over $1800 on Amazon for a paperback, but if you want a free PDF to read along, send me an email or DM. I sincerely hope this will change a lot of minds that are trading (gambling) to much in speculation.

NEW ALERTS ADDED


Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks.


It looks to me as if most analysts are bullish on AAP and have price targets from $220-$240 as well as summer months have generally been a good period for this company. As you might have heard car prices are shooting up due to inflation and so are car parts. Currently there is support dating back the end of January as well as the 20ma, 50ma, and anchored HH VWAP. I will wait for a pullback to the volume shelf and get some weekly calls.


Waiting for set ups to trigger on the following before entering options:



$CAT

$TTWO

$QQQ

$UDOW

$DFS

$SPY

$MS

$SHOP

$AAPL

$PYPL

$AAP



"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.


“In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” -- Seth Klarman

Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. Prostockadvice.com is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.

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