Chris Perruna Profile picture
Jun 5 13 tweets 4 min read Twitter logo Read on Twitter
🧵When to Sell

A breakdown of the slides:

- Stage Analysis
- Market Breadth
- Market Cycle
- Fundamentals

Video (CP starts at 1 hour and 34 minute mark): youtube.com/live/RAO9qls_Z…

Via @TraderLion_ & @RichardMoglen
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More from @cperruna

Feb 12
🧵 Stock Screens that I use Weekly

1. Quality Stocks that are trading within 15% of 52-week Highs

2. Quality Stocks making New 52-week Highs

3. Institutional Sponsorship Increasing

4. Quality Stocks with a new IPO’s within the past two Years
1. Quality Stocks that are trading within 15% of 52-week Highs
2. Quality Stocks making New 52-week Highs
Read 7 tweets
Jan 22
America's young have an epidemic, not a pandemic.
Read 4 tweets
Jan 13
1/ Why did I buy Today?

I initiated a starter position in two stocks for a few reasons:

- They have been acting well, while watching
- Breadth has improved, NH-NL & % above 200d
- Handful of stocks basing stage 1
- Inflation coming down, CPI
- To test the market with real money
2/ I know full well that we could have another leg down in the market so I have minimal dollars at work to test it. Nasdaq is still under the 200d.

I also know that markets look ahead & some signs are strengthening.

This GAME is about making money, not being right or wrong.
3/ Scaling into positions is a great strategy. The great traders scale or pyramid into positions, to make sure they are working. They don’t go in at once.

Great traders test the market w/ sm positions for minimal risk.

I am still DEFENSIVE & mostly CASH!

Let’s see what happens
Read 4 tweets
Jan 7
We have a divergence between the Nasdaq & the % of stocks above their own 200d ma.

The % of stocks above the 200d ma was is now rising while the Nasdaq is still dropping.

Keep an eye on this because it's positive if it continues.

Breadth > Index

Breadth is a leading indicator
The Last time we saw a divergence was in July 2021.

That's when the % of stocks above the 200d ma was going down while the Nasdaq was going up.

We all know how that turned out = breadth was a leading indicator.

A closer look of the two divergences over the past 2 years for the "Percentage of Stock above their own 200d ma"

The first divergence led to a down market.

Where will this divergence lead?
Read 4 tweets
Jan 5
1/ Our 2022 Portfolio Performance:
- Index Funds: -18.4%
- Growth: -19.1%
- IRA: -31.2%
- Crypto: -46.6%

- $SPX -19.4%
- $COMPQ -33.1%
- $ARKK: -66.9%

5-Year Perf:
- Crypto Port: +237.4%
- Growth Port: +154.4%
- Index Funds: +55.7%
- IRA Port: +36.6%

S&P 5-yr Benchmark: 56.8%
2/ 2022 was a rough year for many, w/ the Nasdaq down 33%.

I should have done better, based on my sells in the fall of 2021.

Although I started to go to cash in the fall of 2021, I stubbornly held partial positions into the 1st qtr of 2022 & a few names throughout the year.
3/ The most disappointing aspect to my investing in 2022 is the IRA. I opened the account in 2014 & it has performed well but my lack of action (selling) in 2022 set it back by nearly 1/3rd.

I made this investing mistake in my 401k in 2008 as well.

I need to learn this lesson!
Read 5 tweets
Dec 13, 2022
SBF arrested, about time.
#FTX
SBF has been free this whole time and then gets arrested the night before he was supposed to testify to Congress.

🤔
Read 4 tweets

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