A few days ago we entered qqqq and the Nasdaq on a short-term basis as an additional entry to our long-term enter and outlook.
Our target on the QQQQ was 47.20, so take profit. What is the point of going against the plan. Sure it can keep going up, but we have other shares on a long-term basis, right? The hardest part about trading is to click that button and take your profit. Do it now! Goal reached!
Nasdaq Target Reached

Also, we’ve been short the TLT exchange traded fund ever since the beginning of this month. We are long the SPY and PEY on a mid-term basis. The bottom of the equity fall is over and one should be invested in stocks.

Also, I just checked today my account and I just purchsed Centerpoint Energy Inc (CNP), a utilities stock. I was very tempted to buy this stock because it pays a really good dividend; 4.61% per share. It doesn’t beat PEY at 5.62%, but it is currently performing much better than PEY right now. Take a look at the weekly and monthly charts of CNP I have posted. The charts give other additional reasons I have chosen to enter on a technical basis. WEEKLY CNP: Weekly CNP

MONTHLY CNP: Monthly CNP

You can see the Gartley pattern on both a weekly and monthly basis. We have a Bullish engulfing pattern forming on a monthly basis. Both patterns are taking place at the trendline. These are the main ideas I have brought as a case for the entering this stock that pays a good dividend.

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