LONG-TERM PORTFOLIO UPDATE
07.13.202
TICKER / ALLOCATION
BYON 0.39%
FUJHY 0.37%
ACGL 0.44%
HQY 0.71%
TMDX 0.56%
MRX 0.76%
ARM 0.37%
OKLO 0.14%
PR 0.11%
GKOS 0.26%
WMB 0.45%
UGI 0.54%
YOU 0.57%
RXRX 0.29%
EQT 0.84%
NTR 0.31%
ENVX 6.27%
SPTN 0.74%
GROY 0.46%
EMPYF 0.66%
EQUITIES 15.24%
PFFA 0.28%
VOO 46.58%
QQQ 26.51%
ETF'S 73.37%
CASH & MM 11.39%
TOTAL 100.00%
:YTD RETURN: 19.27%
WHAT I’M LOOKING TO BUY
HQY: HealthEquity, Inc. engages in the provision of technology-enabled services for healthcare and spending decisions. On the daily chart, HQY is sitting at 33.83 on RSI. That is low. It has decreased in price by around 20% since 06/04 after a rise of 36% from 04/04 to 06/04. While you don’t want to attempt to catch a falling knife, HQY may be more similar to picking up a few dollars someone dropped on the sidewalk. Look to enter at $89.51-$91.30.
GLW: Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. While you’ve probably heard of Corning, Inc, It likely was not on CNBC or Bloomberg. Its not a hot stock. But, there its a long established company, 170 years, with a lot of growth potential. Corning, Inc is a great way to take advantage of a possible slowing in US imports from abroad. Almost all of Corning products are produced or sourced in the USA. Another possible catalyst is solar power. Solar panels require lenses produced by Corning and the company has locked in demand for all of its 2025 production. Look to enter GLW at $49.81-$50.80.
WHAT I’M NOT BUYING
VOO & QQQ: This week, a co-worker mentioned a few broad market ETF’s to me and asked my opinion. That got me thinking about 2 of my holdings. Dollar cost averaging is common approach to building wealth. It is an approach to investing that is uninterested in price and focused on simply investing on a set schedule. Its an approach used by those who believe it is a fools game to attempt to beat the market. Increased volatility has caused this approach to take some criticism in the last 2-3 decades. The DCA methodology is largely the reason behind all the ads you see on cable TV and the rise of target dated funds.
ETF’s are a great way to establish your strategic allocation in your portfolio. As you can see, VOO and QQQ make up a large percentage of my equity allocation. Having said that, now is not the time to buy the aggregate market regardless of the funds composition. The market is over valued and whether you buy an equal weight fund or capital weighted fund, you are playing with fire? Let’s discuss VOO and QQQ.
VOO is up nearly 30% since 04/07/2025. QQQ is up almost 39%. If you caught that up move, congrats.
The VOO Daily is above. RSI is at 67 and 7% above 200SMA (purple line). This is an textbook example of an technically overbought market. The chart of QQQ below shows many of the same signs of a future fall in price.
Both markets have experienced a huge move in the last few months. This gain was based on retail liquidity and was largely missed by professional money mangers. Intuitional money on the sidelines also is a telltale sign of atleast a return to near support levels closer to the 200 SMA on both charts. I am expecting around a 6-10% drop in VOO (S&P) and 6-12% drop in QQQ (Tech sector) in the next 3-5 months. It may be this week or the end of September. Timing is tricky, but one way to ensure you won loss money is sitting on the sidelines. Now is that time.
I am not a financial advisor, and the information provided is for informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making any financial decisions.