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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (56275)	7/12/2024 10:23:31 AM
From: Trader J	1 Recommendation Recommended By apatel1 Read Replies (1) \| Respond to of 56532

TRADE: Sold all of CLF at $16.09. Below my price objective but I'm taking the 8% short term gain. I think it could run either way but gains are gains.

To: Trader J who wrote (56275)	7/16/2024 10:58:23 AM
From: Trader J	Respond to of 56532

Financials: Continue to rip, now moving on the belief that Trump will regain the presidency. Earnings for the banks have been very good and all my issues (I think) have no reported. All reports were solid. The only big bank I don't have is Wells (WFC) and they reported a bit of a mixed bag. I've never been compelled to add them to my holdings as they have been in a bit of an identity crisis for the last decade. The setup for continued performance appears to still be in play and other than the current rip they've been on, there's little reason to sell. I did trim JPM and C to raise a bit of cash but have not done anything with MS, BX, BAC and GS due to capital gain impact. No expectation that I'll be trimming anymore. Interesting market action as small caps have finally taken off and the Dow is ripping today while the Nasdaq/AI takes a breather.