Trade Alert
Bought 15% AAL $20.39 Stop @ $19.49 Target $25.99 Airlines continue to bounce along at this July low level. We think the charts are compelling and offer a great reward-to-risk at this point. However, this is the travel industry, and there is a pandemic, so there is more risk than usual in this sector.
Trade Alert
Bought 15% GILD at $71.78 Stop @ $69.89 Target @ $78.90 GILD has been in a nice uptrend all year. Giving us a fresh Wanderer buy signal today after a KISS-50 setup. The 20-DMA is slightly lower, but overall this looks good, and with very solid reward-to-risk from here.
Trade Update
Move stop on MAR to $139.28 Move stop on TSLA to $729.89 The market is very weak this morning with the Nasdaq futures breaking below the 50-DMA. It’s the last major index to do so, and could cause a lot of widespread selling. We hate to move a stop up to be above support, but with this much market weakness it’s better to avoid losses as much as possible, and be prepared with cash in … read more Trade Update
Trade Update
The markets are struggling to make any more headway near these all-time-highs. The three major indexes are all printing Wanderer sell signals, though their moving averages aren’t necessarily in agreement. We’re going to move a couple of stops higher today in case the market does decide to follow through lower. Move stop on TSM up to $120.97 Move stop on TSLA up to $717.90 Move stop on DIS up to $181.72
Trade Alert
Bought 20% TLT @ $150.89 Stop @ $148.15 Target @ $161.90 US treasuries are rallying today on renewed hopes that inflation will prove to be transitory. TLT has been printing an Elliot Wave pattern which would call for another wave, or leg higher. That wave may have begun with today’s breakout. Typically, wave one and wave five are fairly similar.
Trade Alert
Bought 15% MAR @ $139.28 Stop @ $133.90 Target @ $159.90 MAR gave us a fresh buy signal on Friday and broke right through both the 50-DMA and the 200-DMA this morning. It’s also breaking out of a downtrend it’s been in since February. Obviously, travel related stocks remain a risk right now, but often the best time to buy is when the news seems the worst. The reward-to-risk on this trade is quite good … read more Trade Alert
Dividend Portfolio Trade Alert
Bought $1,000 (~5% model portfolio) NRZ @ $10.95 Similar to the addition in CEQP, NRZ is a stock we already own a position in. In fact, this is our third purchase. NRZ is a REIT, but differentiates itself by not owning property, instead: “At New Residential, we have built a diversified, hard-to-replicate portfolio of high-quality investment strategies that have generated returns across different interest rate environments. In addition, through our subsidiaries and partners, we have … read more Dividend Portfolio Trade Alert
Dividend Portfolio Trade Alert
Bought $1,000 (~5% in model portfolio) CEQP @ $27.20 Note that we already own this one. This is an additional purchase. Our original purchase is up ~100% and is earning about an 18% dividend yield. The company manage to maintain their dividend throughout the COVID market drop and even at these levels is still paying over 9% yield. We believe the pre-COVID levels remain a solid target price for the stock to level off, and … read more Dividend Portfolio Trade Alert
Trade Alert
Bought 10% FCX @ $36.34 Stop @ $33.89 Target $44.90 Copper is printing a bullish chart. Unfortunately, there aren’t a lot of pure copper plays. Instead, most of the copper mines are also involved in other metals as well. FCX is one of the most direct copper plays that we are aware of. It is printing a bullish chart along with Copper, so we are going to enter a trade here.
Buy-and-Hold Portfolio Trade Alert
Bought 5% ($2,000) PDD @ $109.05 Stop @ $64.90 It continues to be our opinion that Chinese company stocks are undervalued at current levels. PDD is China’s 3rd largest e-commerce platform, and is very close to taking over 2nd place from JD. It’s user growth is stratospheric vs its peers. We think this one should be back at its highs. Of course, with China there are always risks. If the recent lows break, we will … read more Buy-and-Hold Portfolio Trade Alert
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