Apple (AAPL): Added to Position 

Apple (AAPL) finally lost support this week in a big way and dropped through $150, triggering my next buy order on Thursday which filled at $142.27. The buy locked in a -12.79% discount replacing shares I sold a few weeks ago at $163.14 on April 28, 2022.

The buy also raised my per-share “cost” +$5.26 from -$40.47 to -$35.21 (a negative per-share cost indicates all capital has been taken out of the position in addition to $35.21 of profit per-share which is added to the portfolio’s bottom line).

From here, my next buy target is $124.05, above a past point of support, and my next sell target is $177.10, below the high of AAPL’s last real bull rally and a point where the position will have exceeded the target allocation size for the portfolio.

AAPL closed the week at $147.11, up +3.40% from where I added on Thursday.

Block (SQ): Added to Position x 2

Block (SQ) collapsed with all of the rest of the stocks that had exposure to Bitcoin when the crypto market fell on Monday, dropping through my next buy target which filled at $83.50. On Wednesday, SQ continued to selloff when Bitcoin collapsed, dropping through my next buy target which filled at $70.75 and gave me a $77.13 average buy price.

The first buy locked in a -38.74% discount replacing shares I sold at $136.30 on August 4, 2020 and the second buy locked in a -45.44% discount replacing shares I sold for $130.40 on July 8, 2020. The combined buys raised my per-share “cost” +$8.70 from -$83.75 to -$75.05 (a negative per-share cost indicates all capital has been taken out of the position in addition to $75.05 of profit per-share which is added to the portfolio’s bottom line).

From here, my next buy target is $65.55, above SQ’s low from this week, and my next sell target is $146.35, under the high of Block’s last bull rally and beyond the point where SQ will have outgrown the allocation size for the portfolio.

SQ closed the week at $84.13, up +9.08% from my $77.13 average buy price.

Coinbase (COIN): Added to Position x 3

Coinbase (COIN) suffered the double-whammy of a stock market selloff and a crypto selloff, causing the stock to collapse under the pressure, triggering my next buy order which filled on Monday at $93.75. However, COIN wasn’t done selling off, and, on Tuesday, triggered my next buy order at $78.25, and, following and absolutely disastrous earnings report Tuesday evening, COIN filled at a third buy on Wednesday at $54.72 giving me an average buy price of $75.57.

The combined buys lowered my per-share cost -21.63% from $270.95 to $212.34. From here, my next buy target is $41.45, above COIN’s new all-time low set this week, and my next sell target is $241.05, just below the key 50% retracement level of COIN’s fall from its all-time high.

COIN closed the week at $67.87, down -10.19% from my $75.57 average buy price.

Disney (DIS): Added to Position

Despite reporting a surprise upside earnings report Wednesday evening, Disney (DIS) continued to sell off with the rest of the market on fears that streaming services are lagging when it comes to growth. On Thursday, DIS triggered my next buy order which filled at $99.66 and raised my per-share cost +6.95% from $34.55 to $36.95 (still a -11.75% from my initial opening buy at $41.87 on February 14, 2012).

From here, my next buy target is $80.55, right above DIS’ pandemic low, and my next sell target is $174.15, below a key level of resistance.

DIS closed the week at $107.33, up +7.70% from where I added Thursday.

Dutch Bros (BROS): Added to Position x 2

Investors panicked out of Dutch Bros (BROS) ahead of its quarterly report on Wednesday, triggering a selloff that tested BROS’ lowest-low since it IPO’ed, a low around $38.00, and triggering my next buy order which filled at $38.40.

Buying ahead of its quarterly report turned out to be a huge mistake as BROS disappointed with subpar future guidance, causing the stock to collapse on Thursday where it triggered my next buy that filled at $22.97, giving me a $30.69 average buy price.

The combined buys lowered my per-share cost -6.91% from $40.50 to $37.70. From here, my next buy target is $20.15, above BROS’ all-time low set this week, and my next sell target is $62.00, slightly below the highs from its last bull rally.

BROS closed the week at $27.00, down -12.02% from my $30.69 average buy price.

JP Morgan (JPM): Added to Position

It was time to add to JP Morgan (JPM) when it plumbed new depths on Thursday, triggering a buy order I had in place which filled at $115.51. The buy locked in a -28.33% discount replacing shares I sold for $161.17 on March 18, 2021 and raised my per-share cost +3.89% from $73.25 to $76.10 (still a -25.90% reduction from my initial buy at $102.30 back on October 26, 2017).

From here, my next buy target is $100.65, above a past point of support, and my next sell target is $166.75, below a past point of resistance.

JPM closed the week at $119.09, up +3.10% from where I added Thursday.

Logitech (LOGI): Added to Position

Logitech (LOGI) broke through the $60.00 psychological support mark on Monday, falling through my buy order which filled at $58.01. The buy locked in a -38.22% discount replacing some of the shares I sold for $93.90 on October 20, 2020, and raised my per-share cost +$1.00 from $9.95 to $10.95.

From here, my next buy target is $55.05, above a past point of support, and my next sell target is $109.65 where LOGI will have outgrown the allocation size for the portfolio.

LOGI closed the week at $59.23, up +2.10% from where I added on Monday.

Morgan Stanley (MS): Added to Position x 2

I continued to ever-so-slowly add to my Morgan Stanley (MS) position when it sold off Monday and triggered a buy order at $80.75. On Thursday, MS continued to push further down, triggering my next buy at $76.95 and gave me an average buy price of $78.85.

The combined buys lowered my per-share cost -1.86% from $83.50 to $81.95. From here, my next buy target is $72.85, above a past point of support, and I do still plan to take profits around MS’ all-time high of $109.73 if it gets that high.

MS closed the week at $80.54, up +2.14% from my $78.85 average buy price.

Roblox (RBLX): Added to Position

Roblox (RBLX) broke down ahead of earnings as investors panic-sold out of all speculative positions early in the week, triggering a buy order of mine which filled at $26.23 on Monday.

The buy lowered my per-share cost -5.44% from $48.75 to $46.10. From here, my next buy target is $22.10, above RBLX’s recent low, and my next sell target is $83.70, right around the 50% retracement level for RBLX’s selloff from its all-time high.

RBLX closed the week at $32.97, up +25.70% from where I added on Monday.

Rivian (RIVN): Added to Position x 2

Rivian (RIVN) broke down before it even had a chance to report earnings this week after Ford (F) announced it would be selling its multi-billion dollar stake in RIVN, triggering a buy order of mine which filled on Monday at $25.00. Rivian’s selloff didn’t stop there, falling below $20.00 on Wednesday and triggering my next buy at $19.85 which gave me an average buy price of $21.57.

The combined buys lowered my per-share cost -16.04% from $70.75 to $59.40. From here, my next buy target is $18.15, calculated using the Fibonacci Method, and my next sell target is $71.40, below a key level of resistance developed on RIVN’s way down using the Fibonacci Method.

RIVN closed the week at $26.70, up +23.78% from my $21.57 average buy price.

Schwab (SCHW): Added to Position

Schwab (SCHW) and the rest of the financial sector certainly weren’t exempt from this week’s selloff with SCHW triggering my next buy order on Tuesday at $63.65. The buy lowered my per-share cost -2.14% from $74.85 to $73.25.

From here, my next buy target is $58.05, above a past point of support, and my next sell target is $92.75, below the high of SCHW’s last bull rally.

SCHW closed the week at $65.61, up +3.08% from where I added on Tuesday.

Twilio (TWLO): Added to Position

One of the older speculative plays in the portfolio, big cloud data play Twilio (TWLO) broke its $100 psychological support this week and careened through my next buy target which filled at $90.06 on Thursday.

The buy locked in a -24.52% discount replacing some of the shares I sold at $119.32 back on January 21, 2020 and lowered my per-share cost -4.37% from $122.03 to $116.70. From here, my next buy target is $69.80, slightly above TWLO’s pandemic low, and my next sell target is $338.20, below a key level of resistance and far below TWLO’s all-time high around $455.

TWLO closed the week at $110.79, up +23.02% from where I added on Thursday.

Visa (V): *New Position Opened*

As I mentioned several weeks ago, I’ve been increasing my exposure to the financial sector and created a basket to provide a variety of different ways to participate with major credit card payment processor, Visa (V), being the fourth and final component of the basket (which also includes JP Morgan (JPM), Morgan Stanley (MS), and Schwab (SCHW)).

I chose Visa over competitors MasterCard (MA) and American Express (AXP) for a few reasons. First, American Express (AXP) manages its own debt. In other words, while AXP makes a lot of money off of its consumer debt, if there is a debt crisis as some analysts expect, AXP will get hit hard. As for why Visa over MasterCard? Well, that’s just personal preference. My primary personal credit cards are actually Visas and since the two companies are so similar, I figured I’d dance with the girl who brought me.

I dipped my toe into Visa (V) very slowly with an incredibly small buy on Monday during the market-wide selloff which filled at $194.00. From here, my next target is $187.00, above Visa’s 2022 low.

V closed the week at $199.23, up +2.70% from where I opened it on Monday.