1042am, Monday, 4/27, Market Observations and trades -
The .SPX has been in a trading zone for several weeks after a pretty swift rebound off the lows due to what I like to call the "Covid Crash". The .SPX is at 2865. The .SPX hit 2879 on 4/17. If it breaks 2879, then I see a 8%-10% upside short term potential for the .SPX, at which time I will likely reduce equity exposure. I am accumulating current positions in the portfolio that are breaking new 52-week and all time highs.
DOCU - Docusign - Increase by 30%, new all-time high, positioned well in remote environment
MSFT - Microsoft - New Position - pre-earnings, I want to have a position in this Top 10 software company which should due well post-earnings due to low expectations via Corona. With Microsoft Teams, Skype, and Office 365, gaming and others, Microsoft should be a winner medium - long term in this environment.
Current portfolio includes Link To Be Updated Soon
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