Brief Update

I've been waiting for earnings season to wrap up, the FED announcement, and the economic data before writing or trading too much. SNOW reports earnings on March 1 and CRWD on March 9. If those stocks drop after earnings, I plan to pick up shares. At the very least, I will DCA those positions.

I have some concerns about GOOGL's leadership, fractures in the company, and workers are leaving GOOGL for other opportunities and airing out dirty laundry. The stock is cheap, but I am in no rush to add.

Tech is pulling back after a nice run-up. A swing trader would have sold the top (probably using indicators candles as signals) and walked away with a 30% profit or so (assuming a mostly tech/growth stock portfolio). But I am a long-term investor and only sell shares when 1.) The opportunity cost is not so favorable, and I want to buy better opportunities 2.) Taking some profits to put in the piggy bank for an opportune time to buy 3.) When a stock has become too large a position in my portfolio 4.) The investment thesis has changed. 

GOOGL is the only company in the Model Portfolio that has a yellow flag for me, and it's not a big flag (for now, at least).

I'm watching to see if QQQ/SPY breaks below the bearish trend line again (or support, the pink line). If either SPY or QQQ goes below the trend line, that could indicate another step down in the market. I think it might take some news for that to happen, too (bad economic data, inflation resisting rate cuts, complications in China or Ukraine).

I've been watching CELH, too. I'd like to buy it under $80 and preferably under $70. I don't try to time the market too much, but CELH is very expensive in my opinion (especially for a beverage company). I've been dragging my feet on ASML and I wish I had bought it while it was cheaper. But I may take the plunge in the next week or two and buy some shares regardless of valuation.

Some other companies on my watchlist: TRTN (shipping), TENB (cybersecurity), NET (cybersecurity), TTD (advertising), ANET (network hardware), NOW (systems software), and ADYEY (digital payments), and SYF (credit solutions).

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

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), Alphabet Inc. (GOOGL), Snowflake Inc. (SNOW), Crowdstrike Holdings, Inc. (CRWD),  Triton International Limited (TRTN), Tenable Holdings, Inc. (TENB), Cloudflare, Inc. (NET), The Trade Desk, Inc. (TTD), ServiceNow, Inc. (NOW), and Adyen N.V. (ADYEY).