8/2/21 - Update on Hawkins.

Hawkins Inc. took off at the open on Friday on strong earnings and never gave a good buy entry point. We will wait for a pullback to initiate a new position.

Hawkins, Inc. quarterly report available here: 

https://finance.yahoo.com/news/hawkins-inc-reports-first-quarter-201000775.html

The stock price broke above the downtrend line. With a good earnings report and if the stock stays above the downtrend line, will start the position with 20 percent allocation after the market opens on 7/30/21. If the stock price drops below the trend line will wait till the price reverses.

Hawkins, Inc. manufactures and distributes chemicals and other specialty ingredients in the United States and internationally. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition.  More information can be found on Yahoo Finance . Hawkins has pulled back from the March high and has followed a downward trend line. The break of the trend line to the upside and a reverse of stochastic will be the signal to enter the trade. Initial position will be 20 percent of total allocated for this trade to start. More will be added as the trade develops.

Gold ETF pulled back from recent high. Adding another 10 percent at $166.50 on July 2.  Total allocated to this position is currently at 30 percent. More Information on the GLD ETF

QQQ ETF pulled back from recent high of $340. Adding another 10 percent at $325 on May 20.  Total allocated to this position is currently at 30 percent. Information on QQQ

Jefferies is a diversified financial services company engaged in investment banking and capital markets, asset management and direct investing.Jefferies Financial pulled back from the recent high. Started a new position at $31 a share.  Buying 20 percent of total allocated to this trade. Jefferies Financial Information

Gold ETF held the recent low. Opening position at $162 on April 6.  Starting the position with 20 percent of total allocated to this position. More Information on the GLD ETF

Gold ETF closed at $157.57 on March 30. We will need to see GLD hold around this price area from the pull back from the low $190's in August to initiate a starting position.

 More Information on the GLD ETF

QQQ creating a bottoming head and shoulders. Opening a new position at 318.75 on 3/23/21 with 20 percent of trade allocation. Will add more on any pullback.

Trade Risk = Medium

Link to more information for Invesco QQQ EFT:

Information on QQQ