Earning season is here! Buying shares, Weekly Market Recap Issue #14

Hey guys! I hope everyone had a great week in the market! We have now entered earning season! This past week, we saw the DOW Jones and S&P 500 post their second weekly gain as they kept pushing higher. The NASDAQ closed out the week slightly lower, pushing down just a bit. Going into the new week, keep in mind that the Federal Reserve will be speaking on Wednesday in regards to the projection for the next interest rate move. Earnings season usually brings some excitement to the market so I’m absolutely looking forward to this week.

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State Of The Market

Looking at the $SPY on the daily chart.

Not too much to report here. The SPY pushed up alittle bit from last week. Working itself up to that $450 range. The RSI (indicator I use to measure momentum) is still hovering around that high 60 reading. Usually when I see an RSI reading of 70 or higher, that’s my notice to keep an eye on the downside movement. With earnings heavily continuing to come in this week, it will be interested to see what the SPY wants to do.

Purchases this week

This week I kept it nice and easy. I added to the positions I saw with the best set ups. All of these purchases are long term buy and holds for me. I recently cut the portfolio down from 62 positions to about 40. This will give me a better opportunity to grow and build some of my positions I’ve neglected in recent months and years due to having too many positions. Remember, you have a act as a professional and manage your portfolio. If you don’t, no one else is going to.

Dividend investing is a great way to build wealth and generate passive income just by owning a share of a company's stock.

And the best part is, it's accessible to anyone - no matter who you are or what your financial background is.

Weekly Tweet Corner

I posted this tweet yesterday (Sunday). I wanted to give you guys a insiders look as to how I set myself up for an new upcoming week. For me, it’s always important and priority to identify the lagging sector in the market. It’s my way to get in there and try to find the best price for the shares that I want to purchase. I am a long term buy and hold investor, but I’m always trying to get the best price. I guess it’s the negotiator in me. Be willing to do your own research and find the deal!

I’m super excited to provide this weekly newsletter so THANK YOU all for being subscribers.

Until next week. Keep the focus and stay consistent!

-Nick Dividend Investor and Educator

Friendly Disclaimer: This is NOT financial advice. This newsletter and the information included is for fun and entertainment purposes only. Always consult with a professional before making any investments.