NFTRH+ trade idea CLOU is almost to target
On October 28 we had an NFTRH+ update (now open to public) on a sector that I found to be lagging, but in a bullish setup. That would be the Cloud/SaaS/Remote work stuff. It was soooo 2020, but maybe deserving of some attention, finally.
At the time, CLOU was grinding around trying to hold the top of the bull pattern as support, as shown in the linked update above. It did that, and now the measured target is nearly at hand. But I am not selling it. That is due to my broad market view as much as anything else (the Trump election has finally brought some clarity and adjustments to my timing thesis on the broads).
Anyway, here is the Cloud ETF eyeballing the target and the gap just above it.
Why do I make note of the winners and not the losers? Well, I do note losers on occasion just as I do not tout all winners, as if I am some guru douche. Just a guy who works hard to be on the right side of probabilities, with a little luck tossed in for good measure. But it’s more fun to post about winners, eh?
What I also did was go inside the Cloud/SaaS/Remote work sector, do some moderate research, review charts and select a few individual stocks, one of which (a Tech “value” as I’ve been noting for months now in the NFTRH Portfolio segment) is on its second big winning trade, with other more recent adds looking constructive but not yet in big winner territory.
I have to give Trump one thing; the markets could be fun for a while yet before we have to get down to the dirty business of shorting or the boring business of sitting in cash. That will come later.
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