Sell HUBS, MP
We’re going to kick off the first trading day of 2022 by taking profits in a few names.
First off is HubSpot (HUBS), which is a name I love but which has just today broken below its 200-day moving average line. That technical breach has seemed to be tough for other high-growth names to bounce quickly back from lately, so I suspect the pattern could hold for HUBS as well. Longer term I think it does fine and we may return to it. But in the short term I’m happy to take the 25% (roughly) profit that we still have and watch from the sideline for a spell. SELL
Let’s also take profits in MP Materials (MP). I added the name as a swing trade opportunity on December 15 and with today’s little rally we have a 15% gain. That’s well within our expected profit range. And we have it in under three weeks. Let’s lock it in. SELL