Investing With IBD Podcast Episodes

Cautious Stance on Palunteer Despite Strong Fundamentals

"I bought Palunteer during a correction on April 22nd and got a good profit cushion, but now the stock is trading sideways and I\"m not comfortable with the RS line, which is barely showing any upward momentum. Even though the fundamentals are strong, if I were initiating a new position, I would want a rising RS line to confirm the trend. For now, I\"m holding my position and watching the technicals closely before deciding on any further action."

The speaker explains his cautious approach toward Palunteer. Although he appreciates the company\"s strong fundamentals, he is hesitant to add to his position because the relative strength line is flat, and he prefers to see a rising trend as confirmation before making any further moves.

Bullish Outlook and Entry Strategy for Robinhood (HOOD)

"I bought Robinhood on April 24th, two days after a strong follow-through day, at around $48, even though it was still below the resistance at $49.88. The chart showed three days of strength and a retake of the 50-day moving average, which gave me confidence in my entry. I haven\"t added to my position since then because I believe in its fundamentals and disruptive potential, but I\"m keeping a close eye on its technicals."

The speaker describes his entry strategy for Robinhood, emphasizing that he entered after confirming a follow-through day and a pullback near the 50-day moving average. While he remains bullish on HOOD due to strong fundamentals and disruptive business model, he is cautious not to overcommit until further technical confirmation.

Exploring TNA Amid Increased Market Volatility

"So, there are two answers to your question. One is I had not been looking at TNA until you brought it to my attention on Monday, and now it\"s on my radar. Even though I\"m a huge fan of TQQQ, I would definitely start with a much smaller position in TNA because I\"m not as familiar with its chart. I need to adapt my strategy when market conditions change, but I\"ll be cautious given the higher ATR and volatility."

The speaker discusses his newfound interest in TNA after it was mentioned during the conversation. Although he normally prefers TQQQ due to familiarity, he acknowledges the need to adapt and suggests a cautious, smaller position in TNA given its higher volatility.

TQQQ Sell Signal Strategy and Risk Management

"So, one of the sell signals I use is when we have a stalling day or a downside reversal day after the stock has been up for some time. I had actually started raising cash on July 31st, selling 10% of my TQQQ position, and then on August 13th, when the stock hit a new high in the morning and closed at the bottom of its range, I sold another 15%. I didn\"t add back because historically August has been a weak month for me. I rely on these technical triggers, like two closes below the 21-day EMA, to decide when to protect profits."

The speaker outlines his technical risk-management strategy for TQQQ, explaining how he begins to raise cash by selling portions of his position when specific sell signals, such as a downside reversal or two consecutive closes below the 21-day EMA, occur. This method helps him lock in gains and hedge against volatility.

Exit Signal on GE Vernova When Testing the Lower Regression Channel

"On the day when GE Vernova undercut near the close, it tested the prior low and then closed below it. That was my cue to get out—this break signaled that the channel wasn’t containing price action anymore."

The speaker recounted his exit strategy on GE Vernova, using regression channel lines as his guide. When GE Vernova broke below its key support (the lower channel line), he exited his position, signaling a loss of the upward trend.