Update: 1-21-23

Some stocks seemed to be topping to me. I mentioned CELH, and the stock has since dropped 12.3% since.

 

Pharma stocks also looked to be topping, including MRK. I was tempted to add MRK earlier in the Model Portfolio, but I didn't want to buy at the top. 


MRK is down 5% since its 52wk high. I still like the company as an investment but prefer not to add while the stock is still trending down. Other healthcare stocks on the decline are WBA, LLY, PFE, ABBV, and UNH.

A lot of people are expecting a recession, and there may very well be another leg down. That's why I don't want to deploy a lot of cash at once (lump-sum investing). I think I mentioned before that I see the portfolio being around $20,000, so the Model Portfolio holds around 75% cash as of today. 

While I do not hold this exact portfolio in my personal finances, I hold positions in each of the companies in the Model Portfolio and that is my plan for the foreseeable future. If a stock isn't a good enough investment for me, it doesn't make sense to put it in the model portfolio.

This is SPX from Thursday. As we can see, the SP500 is still moving under the trendline.


I wrote IC on the chart to mark a possible indicator candle for another leg down. But following Friday's rally, I'm not as bearish as I was on Thursday.

I'm still considering adding ASML. My concern is how much the price has run up, and I wouldn't be surprised to see a decline in the near future.

That's all for now. Have a great weekend!

This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.

Marlin Sandlin owns shares of ASML Holding N.V. (ASML) and Merck & Co., Inc. (MRK).


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