Welcome back Steve. I trust you all had a great time

$TTCF I started my position prior in January 2022 calls in the low $19 area. This week's correction allowed me to add to them in the $18.75 area. We now have an inverse H&S pattern. Check out the measured move potential on the chart. News just came out that the advertising campaign has begun on Pluto and they are bringing on other platforms. Recent launch with products in Target is early innings and they are blowing it out at Sam's club. Up 376% there yoy. We can't even find them in our store here, they get them in and they sell out that fast. Amazing sales in Walmart as well. They are rolling out a solid dozen of the top chain stores this year and the distribution point growth is incredible. 

I reiterate new highs will come $28-$30 looks doable this year. $35 if things really get going sales wise or they announce a significant food service contract/partnership. I like to buy these incredible stories when nobody wants them. Doing everything right, just have to wait more than a day for the stock to go up. I got time..

I bought some yesterday on the double bottom in XBI for my long term accounts via Trowe price health sciences fund. It has been a massive winner for me over the years. If they break that 200 day there, I would love to buy more. 

The last time we saw anything big discount wise was during the crashes, which I happily loaded. And when the Hillary Clinton scare came to biotech years ago. Bernie Sanders said some things recently, but again, all buying opportunities. You want to be in biotech for the long term, they will keep on winning. Essential for the world. It holds up better than the high flyer index as well, see the chart and holdings

A friend of mine shared this yesterday, re: SPACS. Last time buying the quality turned out to be the opportunity of a lifetime. 

I aggressively added to my top spac holdings yesterday in those with the best fundamentals. The closings will be coming soon in them, a 1-3 months. The cream will rise again. Hopefully they get the trash out of the market. Seems anyone with a resume can file and get approved for a spac these days. 

While they are at it, they really need to investigate the short teams, algos, and coordinated effort to bring them all down to cash trust nav value. I'll wait for that to happen..   

https://twitter.com/Reformed_Trader/status/1375076516074303494

According to the last 20 years of seasonality, the QQQ is close to a bottom. I'd say even more so likely now that the S&P found strength, it plays catch up. Growth has been on a hate train for a bit now too during the period. So it could weaken, maybe fill that one gap Matt pointed out, , though the risk/reward is diminished.  ..something to be aware of, see attached someone posted on March 11th 

$SPX possible reversion to mean trade setting up here. as we are a ways away from the 9/13 mas. Fear/Greed Index pictured. JNK trying to rally and SPX support found at 3,853 for now. 

$SPX Steve, heck of a call on that 3,853s flush you pointed out just a few days ago if we broke the 3,870s. To the number it came, I believe it was the 50% retrace of the recent move. 

Thank you for the various charts you shared, very helpful

Panic/Euphoria Model (most euphoric in history): Someone shared this in January and Citi just doubled down again on their call, 

• "Sentiment readings in late January 2020 had suggested caution and then dropped into panic territory in the second half of March 2020 given a 35% share price selloff," Citi's Tobias Levkovich and team write in a note. "Due to the rebound rally, our primary gauge bounced back into Euphoria territory, and current readings are implying a 100% chance of market downside risk, based  on history, though relentless central bank liquidity is backstopping ebullient portfolio positioning."

Google this for the full article:

Citi's sentiment gauge signaling a 100% chance of 'losing money': At the Open

Thanks for the great coverage Steve. Keeping it simple like this is exactly why I'm here..for my personal plan accountability. 

$SPXwhile the fear/greed index is in reasonable territory, I find it interesting that the put/call buying is still in extreme fear territory. More upside coming? Or a signal that we need some more downside? 

https://money.cnn.com/data/fear-and-greed/

$HEC is just starting to move here and I raised my holdings to 10% of my trading account when it hit the $10 area (cash trust value). Deal is to close end of this quarter, maybe early Q2. That is guidance from management. This is a very high demand space in healthcare. Here is a bit of the dd again. It is important to note that premerger spacs can't fall below $10 cash trust value, though after the deal closes, prices can trade at any value. We are still pre-merger right now. I like to share the pros/cons of considerations of investing. 

$HEC incredible risk/reward here... they are the Teledoc $TDOC of behavioral health and the only pure play. 46,000 members and growing. They have the major corporations and insurance companies onboard. The growth strategy is being run by the same executive ( MarkHirschhorn) responsible for Teledoc's massive growth. I'm long warrants. Once the merger is complete, it will trade as the cool ticker symbol $TALK which is worth 15 a share in this 2021 market..kidding but not kidding. They grew 69% even during the pandemic year. Financials are up 136% yoy

Thanks so much   

That's why I love buying these so close to near the cash trust value. When nobody cares, nobody wants them. Then you watch the interest come into the stock, the fundamentals start to work, the analysts all start announcing. By then, your up 25-50% and have a great long term holding that can be monitored easily. Risk/reward. Early. Patient. Profit.

$HYGrejected at the 50 day, signaling possible $SPXpullback/consolidation? Multiple gaps below now as well. I heard that gaps didn't matter last time and we saw how that worked out in both directions. This was one of my reason for picking up the increased hedge today in $SPXSto protect my well priced longs. Also the market had gotten short term extended. Risk/reward. The big dip buy entries I made looking better and better as well via $ARKK $111s, $QQQnear the large dip lows, and some T Rowe Health Sciences, my $XBItype play. Let's see

This is the benefit of following highly skilled short sellers. Doug basically gave the bottom swing trade in the market with his short covering call. At that time, I bought the significant dip in $ARKK at $110s (30% off the highs), the $QQQ, and Health Sciences, biotech, etc. With QQQ seasonality looking good going forward and the market showing strength, feeling very good about those entries. 

$SPXS initiated a larger hedge position at $31.95. Amazing price. I won't tell you what I did after, I will tell you when I'm doing it when possible. Seeing a lot of after the fact performance claims lately on different sites. Risk/reward, love owning the protection against my well priced long exposure

$ERES this one is waiting for a target premerger. I mentioned it before and now its trading $9.91, just a tad under the $10 minimum floor of cash in the trust for the spac. The owner of the Buffalo Bills is running this one. He sold his last company to BP. Energy focus, I'm guessing something energy efficient will be the target. Upon announcement, this will fly. Warrants or shares are an amazing opportunity. Early. Patient. Profit. I've asked stockcharts to add the symbol a bunch of times, though they must be backed up. 

Yes, 7% of my account in THBR when it hit that low $10 area. I have warrants and looking for a big return over time. As I mentioned prior, I do significant dd in advance, then when the market gives me an opportunity, I have a list of conviction buys ready. Knowing I have the fundamentals and technicals with me separates me from 99% out there. "Fundamentals tell you what to buy, technicals tell you when to buy it."

Thanks, looking good so far. Going much higher longer term. Amazing we were able to buy it near $10 after it being at $16 when they announced. There are a handful of lifetime opportunities in some of the spacs. The market paints them with a broad brush and its a huge mistake.