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Strategies & Market Trends : Trader J's Inner Circle
SNOW 137.47+0.5%11:11 AM EST

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To: Madharry who wrote (55237)9/16/2022 8:28:15 PM
From: E_K_S  Read Replies (2) of 55361
Did you notice International Paper Company (IP) $35.23 -4.45 (-11.21%). This is another barometer stock that leads the economy. IP tends to move higher if/when the recession is over and new orders come in. Now it is confirming FDX that this economy is just beginning to enter recession.

That is not to say, you can not nibble at stocks. Very small Buys for me in several stocks at 52wk lows (or even multi year lows); INTC, MTW, VZ, BLD,OSK,CNDT,BLDR, ALE, BXC,KRO,RKDA

Closed Out; GM, ADN

Peeled off shares redeployed profits; WEC, SRE, CAH, CNXC, GOOGL

Notice most of my sells were utility plays at/near all time highs

Many of my Buys are small but OSK and KRO new additions; I previously sold KRO at/above $18/share and started a 50% new position. MTW is a new position too w/ my 2nd buy this month and is a cyclical, deep value play (selling at 0.5 BV) still w/ positive FCF small cap too.

Notice that the home builders like LEN and DHI & H were all positive today. I added to my home builders; BLDR, BXC & BLD (they do home insulation).


Lots of rotation in this market but I try to focus on deep value, low PE, near 52wk low (usually selling below the SMA(200) weekly, Price/Cash Flow < 10 (many lower). OSK does not meet any of these constraints but they are working on robot garbage truck collections but position quite small.

Took my small gains in GOOGL and moved them into OSK. Looking to re-enter GOOGL below $91/share where the SMA(200) weekly is.

FWIW still sitting on a lot of cash as I did tax loss harvesting almost 30 days ago, and will be buying back some of those shares next week.
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