Trade Update
Move UPS stop up to $211.94 Because of the current market conditions we’re dealing with, we are going to err on the side of being overly defensive. UPS jumped off to a great start, but at the same time, the overall market has hardly moved since we bought it yesterday, and this morning the indexes have all turned red. To protect some profit, we’ll move the stop up here, even though overall, during normal market … read more Trade Update
Trade Alert
Bought 15% DTE (was from our Stocks to Watch yesterday) @ $125.04 Stop @ $121.90 Target @ $135.00 From the Stocks to Watch post on 3/2/22: DTE Energy Co. operates as a diversified energy company, which engages in the development and management of energy-related businesses and services. This is a potential breakout setup. After chopping back and forth to get nowhere over the past year, a breakout above the May 2021 level could finally get … read more Trade Alert
Trade Alert
Bought 15% AXP @ $180.95 Stop @ $174.85 Target @ $197.90 This is a Wanderer Kiss-50 setup. Yesterday’s drop may have been overdone. After a long rally off of the Covid lows, AXP spent about 8 months consolidating sideways before breaking out in January. The Feb market drop drove it back down to breakout levels where it tapped the rising 50-DMA yesterday. These setups provide us with a nice entry and well-defined stops and targets.
Trade Alert
Two Trades: Bought 15% TSM @ $108.75 Stop @ $103.75 Target @ $124.00 Bought 15% UPS @ $207.21 Stop @ $198.89 Target @ $231.90 TSM has been trading in a nicely defined range for most of the past year. This is a straightforward trade with us buying near the strong support that the $108 level has been showing, and targeting the stiff resistance that $124 has shown. UPS has for the most part been riding … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert
Bought $2,000 (~5% model portfolio) TAN @ $69.44 Stop @ $54.49 TAN is a solar energy focused etf. We owned this last year, but were stopped out in the big November drop. We now have a Double-B and a lower entry point as well as a Wanderer buy signal. The sector is getting renewed interest the last few days as the world gets a look, again, at how much oil/energy plays on decisions related to … read more Buy-and-Hold Portfolio Trade Alert
Trade Alert
Bought 20% DIA (bringing total to 50%) @ $334.35 Stop @ $321.89 Target @ $362.00 With world events what they are right now, it seems like a hard time to jump into the market. Unfortunately, these types of events often mark the time to buy, not to sell. The US markets are often viewed as a safe haven, and this is likely contributing to the strength since yesterday’s open. We’re adding 20% to our DIA … read more Trade Alert
Trade Alert
Bought 30% DIA @ $325.77 Stop @ $321.89 Target @ $344.00 There is an old, rather macabre saying that the time to buy on Wall Street is when there is blood in the streets. Obviously, the current situation qualifies as one of those times, but we don’t know how much worse it might get. Having said that, the markets have currently calmed down enough that they will likely require some type of news event to … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought $2,000 (~5% model portfolio) HD @ $303.84 Stop @ $229.89 Bought $2,000 (~5% model portfolio) AAPL @ $157.34 Stop @ $131.89 While it is a difficult time to jump into new trades, with world events what they are, the buy-and-hold portfolio is meant to buy stocks low and sell them high years later. We attempt to do this by buying stocks when they are beaten down. Currently AAPL is sitting … read more Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert
Bought $4,000 (~10% model portfolio) XBI @ $89.31 Stop @ $61.89 The Biotech industry, understandably rallied sharply in 2020 once the Covid lows had been made. Perhaps too sharply as it turns out. Since reaching a high in early 2021, XBI (balanced Biotech ETF) has underperformed significantly. It is now trading well below pre-Covid levels and has actually fallen all the way back to 2015 levels. We don’t believe this is properly valued at this … read more Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought $1,000 (~2.5% model portfolio) F @ $17.66 Stop @ $15.49 Bought $2,000 (~5% model portfolio) TSLA @ $852.92 Stop @ $749.00 A few weeks back we took profit on 1/2 of our Ford position @ $20.84. We think it has now dropped to a level that it is a buy again. It has been establishing this current level for two weeks now, as the 200-DMA continues to rise underneath it … read more Buy-and-Hold Portfolio Trade Alert
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