Bought 15% FXI @ $34.24 Stop @ $31.49 Target @ $41.98 Tensions with China have been running high for ages now, which has spilled over heavily into US listed Chinese stocks. We haven’t believed that any sort of mass delisting of Chinese stocks would occur, which is what US regulators have been consistently threatening all along. Now, it appears, both sides’ regulators are easing up, and are getting closer and closer to hammering out an … read more Trade Alert
Bought 15% DE @ $408.00 Stop @ $395.89 Target @ $479.00 DE had an amazing run out of the Covid lows, then has spent nearly the last year consolidating in a range between $320 and $400. It’s now breaking out with rising 20 and 50-DMAs to help propel it. These breakout type trades have great reward-to-risk. If the breakout fails, we’ll be out for a small loss just below the past high. If it continues, … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought $6,000 (~15% model portfolio) FXI @ $29.99 Stop @ $25.90 There has been a lot of rhetoric recently about Chinese stocks possibly being delisted from US exchanges due to regulatory/accounting reasons. This has caused many traders to flee. I discussed recently in Basecamp who the largest owners of one particular stock, BABA, were, and how unlikely I find it that US regulators would inflict tens/hundreds of billions of dollars in … read more Buy-and-Hold Portfolio Trade Alert
Bought $2,000 (~5% model portfolio) NFLX @ $362.96 Stop @ $229.00 Netflix took a big hit last quarter when they intimated that they were facing growing pressure from other streaming services. In the past they had always downplayed the threat. This really caused the stock to crater. Since then it has stabilized once again, as well as been bought up by a rather famous activist investor. The current chart would make a good active trade, … read more Buy-and-Hold Portfolio Trade Alert
Sold 1/2 of NTR @ $92.74 Closing this at +250%. At this point just a 2% move eats up a year’s worth of dividends, making this not so much a dividend stock any longer, and more of an active trade. It gave us a nice spike higher recently as war/supply issues heated up. Now the picture is much less clear from here. We’re going to use today’s low ($88.90) as a stop for the balance … read more Dividend Portfolio Trade Alert
Bought 5% PLUG @ $25.84 Stop @ $22.19 Target @ $46.00 PLUG has found solid support at the $18.50 level and is now rallying through the Moving Averages right as gas prices climb to new records. We’ll try this trade with a bit of a wide stop on a small 5% position. If the momentum continues there is a lot of upside potential. This is always a volatile trade, however, so we’d consider the PoP … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought $2,000 (~5% model portfolio) MSFT @ $282.07 Stop @ $189.00 Bought $2,000 (~5% model portfolio) DIS @ $134.21 Stop @ $97.90 Microsoft was firing on all cylinders since the Covid lows before pulling back the past few months along with the rest of the tech industry. From a buy-and-hold perspective we think this is a solid entry for a great company. Disney is now trading well below pre-pandemic levels despite … read more Buy-and-Hold Portfolio Trade Alert
Sold our X @ $29.41 Commodities have had a strong run, but X has pulled back hard off of yesterday’s highs and looks like it may have run its course, printing a Double-B top here now. We’ll harvest the profits on this one.
Bought 50% IWM @ $197.81 Stop @ $186.89 Target @ $229.00 Nice RSI divergence. Double-B setup recently. Don’t really have a choice here but to test this bottom again. If the market still has more to break down, so be it, but if it decides it is happy with a bit more clarity on the situation with Russia, then it may be right back off to the races here.
Bought $2,000 (~5% model portfolio) TAN @ $73.76 Stop @ $54.49 We also bought this on 2/28. This is in addition to that purchase. We continue to believe this sector has been oversold and this level presents a good buying opportunity. We would think that even if the market’s weren’t dealing with Russia’s war right now. The repercussions that has had, and will continue to have on the price of oil, is causing renewed interest … read more Buy-and-Hold Portfolio Trade Alert