Bought 25% QQQ @ $277.56 Stop @ $271.59 Target @ $299.00 One of two things is likely going to happen here, either the Dow is going to run into the 200-DMA and fall, or the Nasdaq is going to begin playing catch up and push the Dow through the 200. There’s good reward-to-risk right here … read more Trade Alert
Sold IWM @ $179.59 We’ve gotten a healthy profit out of this trade despite the very weak Nasdaq during the same period. We aren’t convinced this rally is over with yet, but with more very important earnings coming up after the bell this afternoon (AAPL and AMZN in particular) we think it’s a good time … read more Trade Alert
Bought 10% SLV @ $17.76 Stop @ $12.89 We believe long-term that silver has very bullish fundamentals. It’s quite likely we’ll see a falling dollar again within a few months, and seasonally we’re at a place that silver should be looking for a low. There could be some volatility still in the shorter-term, which is … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% RGLD @ $96.00 Stop @ $91.49 Target @ $110.00 The fundamentals support higher metals prices from here. We’ll see if the momentum from the Wanderer buy signal can continue here as the US Dollar slides a bit.
Bought 25% IWM @ $173.07 Stop @ $169.49 Target @ $185.00 IWM is just above the pre-covid highs, again, while also breaking out of the downtrend of the past couple of months. It’s been difficult to swing trade this stuff lately, as any momentum seems to be interrupted immediately by a gap the other way … read more Trade Alert
Bought 15% VALE $ 13.96 Stop @ $13.49 Target @ $15.50 Bought 15% FCX @ $30.18 Stop @ $28.69 Target @ $35.00 Bought 15% BCRX @ $13.82 Stop @ $12.98 Target @ $16.24
Sold WMT @ $134.50 WMT held up despite the markets turning lower. We’re going to go ahead and close it out here at break-even while we wait to see if this afternoon’s market slide comes to a stop or whether we see follow through weakness tomorrow.
Bought 15% NVDA @ $127.13 Stop @ $120.90 Target @ $149.59 NVDA typically gets a pretty nice run when it prints a fresh Wanderer buy signal. While the longer term moving averages remain in downtrends, the market is attempting to post at least a small bear market rally. We’ll look to move stops up very … read more Trade Alert
Sold SBUX @ $88.76 Move BCRX stop up to $13.88 Didn’t get any market follow through on that rally, so we’ll lighten right back up again here. Out of SBUX at break-even, and BCRX stop moved to a nice profit if it hits.