Bought 15% CAT @ $207.10 Stop @ $198.89 Target @ $234.00 CAT is giving us a nice Wanderer buy signal after coming off of a KISS-50 setup a couple days ago. The Dow is currently attempting a bounce off of a backtest of the August high breakout. Overall solid setup with nice upside if the market can get back on track here. Would expect some resistance at the 200-DMA and recent high, but a push … read more Trade Alert
Move ULTA (remaining 1/2 position) stop to $398.89 Move IYT stop up to $270.79 Move YUM stop up to $124.39 With the markets weak the last couple of days, and this being a holiday week, there is little reason to suspect a big jump higher. We’re going to move our remaining stops up higher here in case the market drop intensifies any more. If we enter a holiday weekend at a near cash position, that … read more Trade Update
Sold 1/2 of our ULTA position @ $406.55 ULTA has been a nice trade for us, climbing steadily until a few days ago when it topped out in a Double-B pattern. This would indicate potential for a drop from resistance at the previous all-time-high. A breakout through that recent high would be quite bullish, so we are going to hold on to 1/2 of the position for a bit longer, but at the same time, … read more Trade Alert
TWO TRADES—One Opening, One Closing Sold XPEV position @ $49.21 Bought 15% YUM @ $128.23 Stop @ $122.89 Target @ $146.98 XPEV earnings are this afternoon. This should be closed before earnings are released as we have no way of knowing what might happen when the numbers are released. Closed here for a nice little win, and we can evaluate again after earnings. YUM has been trading to a very consistent cycle pattern. Moving up … read more Trade Alert
Bought 10% XPEV @ $47.36 Stop @ $43.69 Target@ $60.00 XPEV is a Chinese electric vehicle maker. As such, it holds a bit more risk than an average trade. However, Chinese stocks have made a strong turn higher here, and XPEV is coming right off the 20-DMA into a Wanderer buy signal. We are entering this trade to see if the momentum in Chinese stocks can continue here. There is a lot of upside potential, … read more Trade Alert
Sold 1/2 of IYT position @ $277.43 It’s possible today’s market weakness won’t follow through, but our IYT position has run into resistance right at its previous high, so we’re going to cut that 20% trade size in half here. Stop on the remainder is still $267.89
Closed DHI @ $92.90 Closing for just a small win here. Chart looks good, but earnings are tomorrow before the opening bell, and there’s no way to effectively manage risk with that, so we’ll just exit here and watch to see what happens tomorrow.
Move stop on DHI to $91.60 Earnings are coming up on Tuesday morning. If the stock can run today and Monday, great. If not, we’ll close this out before earnings for break-even.
Bought 15% RTX @ $90.50 Stop @ $86.79 Target @ $99.79 RTX has been consolidating in a range between $81 and $90 for a few months. Today it is popping off of a fresh KISS-50 setup straight into a Wanderer buy signal. We’ll see if this combination is enough to give it the momentum it needs to run to the next level now.
Bought 15% ULTA @ $381.50 Stop @ $362.90 Target @ $429.00 Ulta is popping off of support again, with a fresh Wanderer buy signal and support now underneath it from the 20- and 50-DMAs.