[Platinum Watchlist] (7.14.23) 2 Stocks! (Horizon + Under 200 SMA List Up +$5,500 this week)

Good morning. 

JPM and WF have reported this morning and the DJIA is up over 140 points on the news. Overall, the U.S. earnings season is expected to show S&P500 profits down 6.4% from the same period a year earlier – with revenue down a more modest 0.8%, according to Refinitiv research. 

MHK was sold out of the Paper Trade Portfolio yesterday for an 8.45% gain. The details can be seen in the post above. 

AIG continues to trade between support at the 9-day SMA and the upper Bollinger Band. Sell orders will most likely be encountered around the 59.77 level. All the oscillators are in the green. This position is currently providing the paper trade portfolio with a $1.00 / share unrealized gain as of the close. 

NSC continues to trade along its upper Bollinger Band finding support at the 9-day SMA. Sell orders will be likely around 236.82. Price action is above all the critical SMAs, and all the oscillators remain in the green. This position is currently providing the paper trade portfolio with a $1.50 / share unrealized gain as of the close. 

For the month of July, the Paper Trade Portfolio is up just shy of $2000.00. The horizon and < 200 stock lists are also having a good week.  

As it is the weekend, I do not anticipate adding any positions to the Paper Trade Portfolio but will focus on managing the remaining positions. 

See you at the Platinum ZOOM call later today. Have a great day.