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Welcome to our weekly newsletter where we provide an overview of the main US and UK indices, a specifically selected outperforming asset with deep analysis. Finally, an analysis of an asset in our portfolio, including a discussion on the returns the asset generates for our Phoenix members.

Let’s get into this week’s newsletter!


This week the US indices were again mixed; however, the solid start for 2023 remains intact. On the monthly time frame, the S&P 500 is currently flat, which initial strength pared back by the bears. On the weekly time frame, price is finding resistance at a short-term pivot level at 4138, but remains above the 50 SMA. Whilst on the daily time frame, this week price weakened to close below the 20 SMA. However, all moving averages remain aligned and diverging. As mentioned in recent weeks, our position remains unchanged; we continue to look for high-performing stocks in high-performing sectors.

The performance of the Nasdaq 100 is largely mirroring the S&P 500. In February performance is displaying a gain of 2.3%. On the weekly time frame price is finding support at the 50 SMA which coincides with a daily pivot level at 12225. The Dow Jones Industrial index remains in a range which commenced in November last year.

This week the FTSE 100, the UK index, had another strong week with a gain of 1.6%. The strength in January (4.3% gain) has continued in February with a further gain to date of 3.0%, resulting in the FTSE 100 breaking above 8000 for the first time – the all-time high is now 8047.


Ameriprise Financial - AMP

Ameriprise is a stock with a history of trends over the past 10 years. These trends, such as 2013 and 2020 have been linear and predictable. 

We first entered AMP in December 2020 and have compounded on multiple occasions. We last wrote about this stock in January. Since then the stock has gained 2% but is in a period of consolidation – this is expected given the bullish move from $300-350 throughout January.

The total performance to date is a 1031% Return On Investment and 21% Return On Capital, applying a full portfolio risk of 2%. 

This stock is a good example of a trending stock in a volatile market. The total amount of time required to set up and manage this trade has been less than four hours over thirteen monthsthis is the benefit of trend trading; using higher time frames such as monthly and weekly charts avoids the noise and stress of shorter time frames. This approach enables busy professionals the freedom to pursue other interests and avoid hours each day in front of a trading screen.


The Hershey Company - HSY

The Hershey Company, commonly known as Hershey’s, is an American multinational company and one of the largest chocolate manufacturers in the world. Hershey’s chocolate is available across the United States, and in over 60 countries worldwide.

HSY is a stock with a strong history of trends such as 2011-13, 2019, and 2021-22. Since December 2021 price has gained 36% whilst the S&P has declined 15% over the same period. Price has performed very strongly in February with a gain to date of 7.2%.

On the weekly time frame, price continues to trade above the 50 and 200 SMA, and the Sublime trend filter remains green. Whilst on the daily time frame, price is also trading above the 20, 50 and 200 SMA and the Sublime trend filter is also green. This week the daily 20 SMA crossed above the 50 SMA, a sign of near-term strength.

Looking ahead, price is retesting the all-time high at $243. A breakout and continuation pattern above this level could offer our Phoenix community members an opportunity in a very resilient stock in a generally bearish market. The next area of resistance is the $300 round number.

Looking Ahead

Last week’s mixed performance in the main indices was again prevalent. Whilst we remain vigilant, there are early signs our patience throughout 2022 could be rewarded with another healthy bull run in equities. We continue to share ideas with our Phoenix community for excellent returns.

Keep it simple. Keep it Sublime.

The ST Team

P.S. Answer 21 rapid-fire questions about your investing approach and then as if by magic, we will give you recommendations that are right for you and you’ll unlock your FREE Bonuses that will improve your investing results over the next 3 to 5 years.).


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