Sold to close our INTC position @ $28.72 This hasn’t hit our stop, but it’s printed a fresh Wanderer sell signal this morning, and the overall market hasn’t shown any signs of strength all day. We would try this trade again if it reversed back above the 20-DMA and printed a buy signal.
Bought 15% KHC @ $39.44 Stop @ $38.15 Target @ $44.40 This is a very clean head and shoulder breakout, which should lead us right back up to the highs. Very straightforward chart with good reward-to-risk.
Bought 15% ORCL @ $82.66 Stop @ $78.79 Target @ $92.00 ORCL broke out higher last week, but pulled back to test the breakout the last couple of days. The market’s afternoon rally following Powell’s remarks have it back on the move again. Sharply rising 20- and 50-DMAs, along with a golden cross (50 crossing … read more Trade Alert
Bought 15% XBI @ $82.43 Stop @ $78.49 Target @ $95.00 Biotech has been in a long consolidation period as evidenced by the bunched up short and long-term moving averages. With the promise of slowing rate hikes, the sector is moving up this afternoon into a fresh Wanderer buy signal.
Bought 10% AG @ $9.38 Stop @ $8.69 Target @ $12.11 We are already long a significant position of SLV (silver) in our Buy-and-Hold portfolio, but this morning AG is giving us a strong buy signal at the same time silver is jumping over 3%. We think there is a possibility here of a continuing … read more Trade Alert
Bought 15% INTC @ $29.83 Stop @ $27.75 Target @ $37.00 INTC has been in a terrible downtrend for a while, but for the past month now has been climbing steadily, riding above the 20 and 50-Day moving averages. It’s quite stretched from the 200-DMA, which would suggest a sort of “snap back” move is … read more Trade Alert
Move QQQ stop up to $283.90 If that level is hit again then we’d expect a further drop to the moving averages around $276 before it can continue the rally. So far, though, this appears to be just a normal small pullback in the midst of a bear market rally.
Bought 25% QQQ @ $275.92 Stop @ $261.90 Target @ $309.00 We started with a smaller position on Tuesday in case the market jumped before the open. A smaller than expected CPI print gave the market the boost it was looking for, and it gapped higher this morning. We will add to our existing position … read more Trade Alert
Bought 15% QQQ @ $269.49 Stop @ $258.90 Target @ $309.00 We had wanted to wait for the mid-term elections to be over with before buying in, but the charts are forcing our hand here, so we’re going to start with a small position in QQQ today. Bought 15% NEM @ $43.17 Stop @ $40.98 … read more Trade Alert