Where Are We With Tech Stocks?

We wanted to give a quick update how we’re seeing things in tech stocks and what we see coming.

We told subscribers to completely hedge throughout October and most of November except to be long for the midterm election rally day. Then we got back to hedged-out. We did not want market exposure. We still don’t.

This earnings season confirmed our concern we had ahead of time that earnings growth rates could slow.

We hear the world trying to pick bottoms but I think it’s more important to respect the slowdown in revenues. These are typically not one quarter events.

We’re telling subscribers to remain hedged and reduce position sizes to avoid risk. We do find opportunities for earnings but the risk/reward for earnings events is also not perfect right now.

It’s a good time to stay cautious into year end.

Wishing you a happy Thanksgiving and successful trading.

We also invite you to try our service and chat with a 14 day no risk trial. Kick the tires. Get into chat and let us help you make money in tech stocks.

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Disclaimer:

All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. All model portfolio trades are hypothetical to show direction, conviction and timing. Performance excludes all relevant transaction costs. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues. Elazar may trade in index futures.