Techs down. Apple dropped even though its Financials were phenomenal
APPLE is down as well as Facebook. SPY was down yesterday and stopped out my FB position. And today I closed APPL for a loss as well. Going back to the books and rules.
Apple announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time record revenue of $111.4 billion, up 21 percent year over year, and quarterly earnings per diluted share of $1.68, up 35 percent. This is phenomenal!!
New set of RULES to apply immediately:
1.
1. Continue to maintain the Global perspective:
– US ISM as a general leading indicator, 6 to 12 months leading, determines S&P500
– US ISM Sectors Performance as a leading indicator, 6 to 12 months leading
– US UMCSI as a leading indicator, 6 to 12 months leading, determines S&P500
– S&P500 as a leading indicator, determines GDP
– US New Building Permits as a leading indicator
– European ISM as a leading indicator
– China ISM as a leading indicator
– GDP is lagging leading indicators by 6-12 months
– Non Farm Payroll as a confirming indicator of world view, is lagging 6-12 months
– Durable Goods as a confirming indicator of world view, is lagging 6 months
– Industrial Production as a confirming indicator of world view, is lagging 6 months
2. NO CALLS or PUTS until account is up by 15% from January Losses.
3. Only trade Stocks or Commodities until account is up 15% from January losses.
4. Do only SPREAD TRADE Hedging, One stock long and another stock short.
5. Each position does have a maximum 10% capital limit.
6. Stop Losses are calculated per ATR and set at 10%.
7. Soft target to be realistic and at a 3:1 ratio with the SL.
8. Find the right Super Sectors to trade
9. Select the Industries
10. Select the Stock
11. Sit back and let run