Executive Buying Newsletter July 15, 2024

We are not holding any previous positions.

We are removing Apple Inc. (SYMBOL: AAPL), Costco Wholesale Corp (SYMBOL:COST), Eli Lilly (SYMBOL:LLY), Ultra S&P500 (SYMBOL:SSO), Microsoft Corp (SYMBOL:MSFT), Invesco QQQ Trust (SYMBOL:QQQ), Alphabet Inc A (SYMBOL:GOOGL) and NVIDIA Corp (SYMBOL: NVDA).

Below is a summary of our performance since our last update:

This update we have received an overbought signal on the broader markets. Over bought conditions can remain that way for a long time. In order to correct this condition and make the risk/reward ratio favorable again we would be looking for sideways action or a correction in prices from their current levels. This specific condition for our model rarely occurs but could last more than one update. The model is signaling 100% cash and will continue to be positioned that way until at least our next update.

Thank you for putting your trust and time into my ability to create a model that will hopefully add value to all of us. I've started this journey in 2000 as a Nasdaq Market Maker. I also worked as a Proprietary trader, Financial Advisor and currently I manage a hedge fund. I have learned many lessons throughout my career and still continue to learn to this day. I look forward to sharing my experiences with you via this newsletter.

Thank you,

Dominick Manaro