Stocks for the Long Term

[Louetta]

Well, you've still got a ways to go before you displace Vixxit's SFT with the bitcoin pick... and I don't think bitcoin is really going away this year, so you're probably safe from that situation.

Just figured out I posted this in the wrong topic.

[BlueWolf]

Sure looks to me like the NASDAQ and S&P are ready to do some buy and hold trading. Dow’s been there for a few weeks. Some nice trading patterns on stocks I like right now: AMT, ASML, DLR, MGNI just to name a few.

EDIT: Add SIVB, APPN, and OM as stocks that look attractive for entries both based on fundamentals and chart patterns. I don’t know if this beat down has ended so I know that I will personally use trailing stops to protect my positions, but there are a lot of value plays out there right now. What’s nice is that for a lot of these plays, the charts are setting up nice entries that have tight stops in case the whole thing comes crashing down again.

[BlueWolf]

There was a minor correction since my last post, but of the previously mentioned stocks, AMT, ASML, SIVB, and OM are all up. DLR, MGNI, and APPN are down, but I still think these are attractive for buy and hold entries right now. I would add ADBE and LYV to the list. Still have to be careful as I am not convinced market troubles are over and we might be headed for a recession. I think a 15-20% stop with a trailing stop once they go positive is probably warranted. The Dow is currently flirting with a cup and handle, which would be a significant buy signal, but the NASDAQ and S&P are divergent and look more like they’re consolidating.

[BlueWolf]

As I’ve cautiously started adding positions, I came across another two that have piqued my interest, TREX and ENPH.