The Morning After - Take $2000 Plus Profits on STRL, PHM, and DUK

Expect More Volatility. Plus updates on all existing and new trades.

This morning we’re taking $2000- Plus worth of profits on three recent trades involving Sterling Infrastructure (STRL) and PulteGroup (PHM).  In addition, our trade in Duke Energy (DUK) was stopped out with a $250 profit, bringing our three trade total to $2250.

Stocks are rising the morning after the Fed’s 50 basis point rate hike.  But bond yields, as I expected are creeping up.

The U.S. Ten Year Note yield (TNX) is rising. This is not a surprise, as the bond market was well ahead of the Fed in its signaling that rates would fall.   The short term concern is whether TNX moves back above the 50-day moving average, near 3.93% in response to the Fed’s move.  It doesn’t look likely, but it’s still early.

The New York Stock Exchange Advance Decline line (NYAD) continues to set new highs as momentum is back.  NYAD is overbought, though, which means the rally could pause at any time.

Expect more volatility.

Take Nearly $1000 Profit on Sterling Infrastructure

I recommended purchasing shares in Sterling Infrastructure (STRL) on 9/16/24. The trade went live at $130.05. This morning it was trading at $139.60.  That’s a $955 paycheck.  Given the inherent volatility of the stock and the potential for wild market swings after the Fed’s rate cut, it’s time to wave this one good bye.

Take $1000 Plus Paycheck on PulteGroup Inc. (PHM) –

I recommended purchasing shares in homebuilder PulteGroup Inc. (PHM) on 9/10/24.  The trade went live at $131. This morning PHM was trading above $140.  It’s time to take that $1040 off the table.

I also have updates on existing trades.

Thanks to everyone for your ongoing support.  I really appreciate it. This is a great time to update to a Paid subscription, so feel free to make that move.

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