I hope you’ve all had a good week! This will be a relatively brief note from me on this sunny Friday morning, as the market’s attention is focused on Fed Chair Jerome Powell’s comments at Jackson Hole later today.
There have been some great ideas generated in our Trading Club again this month, with my favourite (and most profitable) being Danish Pharmaceutical giant Novo Nordisk (NOVOB DC). I have been keen to share this with readers of this blog in recent weeks, although I had not, until now, disclosed the name of the company featured in my analysis. Of all the stocks on my watchlist, Novo Nordisk has consistently been on top throughout the prevailing market volatility. With a positive return of almost +11% in August, when the MSCI World Index is down -2.6%, this has been a superstar stock ever since we first featured it last month.
And the good news keeps on getting better. The stock has just broken out of the consolidation we were monitoring on the charts, and looks set to continue higher in the coming months. Our Trading Club members will receive regular updates from me on this in real time as it plays out.
Elsewhere, there have been other notable winners. In currencies, the US dollar index has rebounded as the Euro weakened following a lovely EURUSD short.
Here’s the short set up we identified in real time and shared with our Trading Club members a couple of weeks ago towards 1.12 - 1.1250.
Our Checklist also warned traders to avoid buying the sell off in the pound this month with a negative score of -3.
Sterling has remained under pressure, and has only seen downside excursions month-to-date. The opportunity cost of buying was saved by leaving this well alone, as per our Checklist.
Gold has been another great trade. The Checklist held a positive score of +2.5 coming in to August, with the precious metal trading around $1425.
This correctly anticipated the $100 rally that we saw during the month, before settling around $1500 at the time of writing. Another one!
And let's not forget equities. I have shared this in the last couple of blog posts, but it is worth reminding ourselves of the -2 on our Checklist that warned of the sell off that nobody else saw coming...
These are just some of the ideas that we have been looking at this month, based on our professional trading methodology and market intel that Lex and I employ as fund managers, and share exclusively with Trading Club members.
To be better informed than retail investors who do not employ the same processes and information, join us at the Academy to become a member of our Trading Club, and learn from Lex himself with our Million Dollar Traders Online Course.
Have a great weekend,
James Helliwell | Chief Investment Strategist