TIB: Today I Bought (and Sold) - An Investors Journal #414 - Semiconductors, Payments, Dutch Bank, Ethereum

Markets back off from the lows. I take some profits off the table and deploy into disurpter technologies and into the best European bank. Bitcoin poises for a bust even higher.

Portfolio News

Tariff Tantrum

Market found some buyers with investors wanting to believe the trade deal is not on the rocks

Indices were still down but buyers took solace in the fact that the China trade delegation will arrive for continued discussions. The administration continues talking the hard line on the Friday deadline.

Treasury yields stop their slide too with some weak Treasury auction results. Quite a lot of corporate debt action may have sucked up liquidity

Earnings

Disney (DIS) and Roku (ROKU) announce solid earnings after hours - both prices move ahead in after hours trading with Roku up 8%.

Electronic Arts (EA) earnings the day before also went the way my trades were set up with price staying below $98.50.

Bought

Square, Inc (SQ): Payments Technology. Averaged down and rounded up my small holding in one portfolio

ING Groep N.V. (INGA.AS): Dutch Bank. Bought December 2021 strike 12 call options versus closing price of €10.75. Continuing my thesis of nibbling away at the best European bank. I am holding options in these portfolios at higher strikes and closer in expiries - time to push the timelines out a bit. Premium was a modest 6.75% of strike.

Sold

Jim Cramer has been raising cash in his portfolios. I did some in mine too.

ChromaDex Corporation (CDXC): Natural Pharmacuticals. 28% profit since June 2018. Thesis was to run this stock as it switched to controlling its own distribution and its inclusion on Russell 2000 index. The chart shows that it did move exactly as I wanted - exit is impatient. See TIB247 for the initial rationale.

Lam Research Corporation (LRCX): US Semiconductors. 11% blended profit since February/March 2019. In other portfolios 10% profit since February 2019 and 16% profit since March 2019. Jim Cramer sold this in his Action Plus portfolios to raise cash. I followed suit. His view is that he will buy back once the China story gets a clearer outcome and entry price is lower. The chart shows a tidy entry point in the March dip - will be looking for another one.

Cryptocurency

Bitcoin (BTCUSD): Price range for the day was $328 (5.5% of the high). Price makes train tracks right on the resistance level of $5921 with the close just above the resistance line. This wants to go higher.

Ethereum (ETHUSD): Price range for the day was $8 (4.7% of the high). Price pulled away from the resistance level and dropped below prior day low = quite different to Bitcoin price action.

I added another small contract on a reversal on a 4 hour chart.

CryptoBots

Profit Trailer Bot No closed trades.

New Trading Bot Trading out using Crypto Prophecy. No closed trades

Currency Trades

Outsourced MAM account Actions to Wealth closed out 1 trade on AUDNZD for 0.3% profits for the day. No trades open

Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas

Images: I own the rights to use and edit the Buy Sell image. News headlines come from Google Search. All other images are created using my various trading and charting platforms. They are all my own work

Tickers: I monitor my portfolios using Yahoo Finance. The ticker symbols used are Yahoo Finance tickers

Charts: http://mymark.mx/TradingView - this is a free charting package. I have a Pro subscription to get access to real time forex prices

Bitcoin: Get started with mining Bitcoin for as little as $25 http://mymark.mx/Galaxy

May 8, 2019