S&P500 & Market Direction
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Russell Top 200 Growth ETF: Short Position
iShares Russell Top 200 Growth offers one way to capture short exposure to a correction in overpriced US growth stocks.
The iShares Russell Top 200 Growth ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.
10/8 update: The sell-off in growth-related companies is taking place and we remain on the short side of the trade.

5/8 update: The price action remains below the 10-day average.

3/8/ update: The price action has rolled over and short exposure should be maintained whilst the close value is below the 10-day average.

Consider the short side with a stop loss on a break above $165.

Aristocrat Leisure
Aristocrat Leisure is up 7.7% in 27 days.

Reliance Worldwide
{“error”:”notloggedin”} is up 9.4% in 20 days.

A2 Milk
Watch Last Night’s Webinar
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James Hardie 1Q 24 Earnings
James Hardie Industries 1QFY24 NPAT increased 14% and guidnace for the 2Q was upgraded to US$170-190m. The key positive is USA growth and margin expansion.
We’re looking to JHX on the next Algo Engine buy signal.

Shopify
SHOP:NYS is under Algo Engine buy conditions. The growth opportunities for SHOP are appealing and we’re buyers within the $48 – $57 price range.

XJO & Market Direction
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