Update Jan 17 (week 46)

Added

As planed last Monday I added 100$ in JEPI, 100$ MFC, 100$ BTI, 100$ AMGN, 100$ JHG, 100$ MO, 100$ in WU. 

Review

    Dividends

This week $2.20 got collected from CAH, SRE, MDT and MAIN. This makes it a total of $26.06 YTD and $83.37 since inceptions. I only go to Starbucks when I travel. In our trading group we do convert income into Starbucks coffees and steak dinners, just for the fun of it. 

    Market, the way I see it

Last week was a big pullback in the market. We lost several support levels pretty fast including the 200 SMA. Last time  SPY traded below the 200 SMA was June 6, 2020 for exactly one day, then May 20, 2020, were it opened below the 200 SMA but closed above it and before that of course the covid crash.

Stocks are on sale now. I am not saying load the boat, but one should sharpen the pencil and get the shopping list done rather sooner than later.

Since the high on Jan-03-22 we went down 8.76% or 42$. There is still room to the downside.

The next support is at around 426ish. The pint of control is around 416ish and if if really goes down, 390ish. Even then SPY would still be up for the last 12 month. Not by much though.

As this is an dividend investment account and not a trading account, the entry really does not matter that much. For my growth part I do pay attention to technicals, but I don’t overdo it.

    My bias

Assuming that Russia is not invading the Ukraine and China leaves Taiwan alone, my expectation is that the stock market will close higher at the end of the year.

Plan for week Jan 24

Even though AQN does not qualify for DRIP, I am going to add 100.84$ into it. I will have to do the reinvesting manually. The odd number comes from the dividend of 99c-15c ADR fee from last week and the 100$ from this week.

Disclaimer

All information on this blog is for entertainment, and education information purposes only. Nothing discussed constitutes as financial, investment, trading, tax or any other advice. No decisions should be made based on the information provided. Always do you own independent research and consult a professional broker or financial advisor.

I own everything I discuss or will enter a position within the next 72h. I am not getting paid anything to mention anything.