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Over the years that I’ve mentioned Rivian (RIVN), I’ve always noted how good-looking they are. Lately, however, only in the past few months, I’ve started to see them all over town. Based on that, I bought a thousand shares for my little girl’s account, and it seems to finally be doing something.
It is entirely possible I’m doing this too soon, which is why I’m only entering half the position, but I have re-entered my long palladium position. The palladium futures themselves peaked fifteen trading days ago, and in my estimation, $1363 represents an important level of support for the metal. Should this be breached, I’ll take a loss on my long and be out of there like a shot.
Last Wednesday, before Powell spoke, I dumped my IEF long position for a minuscule profit. I’m glad I did, because the price sank in the days that followed. I have re-entered the position, pushing the entirety of one of my portfolios into IEF. This is just a place to wait for PALL to work its way down to a good price, at which time I’m convert all my IEF into PALL instead. As it is now, I just want a boring place for my cash to hang out while (hopefully) precious metals pound their way to an attractive price point.
Among these, five the very largest (META, MSFT, GOOGL, AAPL, AMZN) report in the span of Wednesday afternoon to Thursday afternoon.
My total snooze-fest idea of IEF is, slowly but surely, tiptoeing its way higher. As I’ve mentioned, it throws off about 4% anyway, but on top of this, I think it’s going to (very slowly…………) move on to very nice capital appreciation. Here below is this medium-term bonds fund, with price bars on top and, longer-term, the trio of moving averages on the bottom:
