Ahead of Tricky Weekend - Take $1900 - Plus Profit on AGX

Take a deep breath. Trade talks, parades, and lots of moving chessboard pieces could make for a return to volatility.

Image courtesy of https://prop-quant.com/

I am recommending closing out our recent Argan (AGX) with a $1900/plus gain in ten days as the stock is starting to show some signs of wear and tear and could consolidate over the next few days. Thus, taking the money and running is a good thing right now.

• SOLD Argan Inc. (AGX). Bought 4/30/25: $152.05. SOLD 5/9/25: $171.27. Return for this trade $1922/100 shares (12.64%)

There’s no way to hide from it, U.S. China trade talks and related issues are likely to cause some volatility in the next few days, especially with the Federal Reserve not likely to lower rates before its June meeting if at all.

Thus, this is a good time to take inventory and take some profits where it makes sense.

Market Update

The New York Stock Exchange Advance Decline line (NYAD) continues to act well while not quite closing the “all clear” deal by delivering a tangible new high and building upon it. Let’s see what happens in the next few days.

The U.S. Ten Year Note yield (TNX) is experiencing some turbulence but has not broken out of its recent trading range.

Bitcoin (BTC) is back above $100,000. Our current BTC trade is unfolding according to plan.

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