Bought 15% DIS @ $181.72 Stop $175.95 Target @ $202.90 Disney is breaking out of this symmetrical triangle pattern (ignoring the quick spike on their earnings earlier this month). The major moving averages are all wound up and rising and should provide good support on a pullback from here. Target is a slow move back near the all-time-high over the coming weeks.
Sold 1/2 of our JBHT at $179.23 Move Stop on the rest up to $172.95 We believe this could continue to move higher, but after tapping the high yesterday it has pulled back sharply, giving us a Double-B top. We’re going to close 1/2 here for a nice profit, and leave the other half for a while to see if it can push through that high in the coming days.
Bought 15% TSM @ $118.50 Stop @ $113.89 Target @ $139.90 TSM is already in our Buy-and-Hold portfolio, but we also see an opportunity for a trade here. The moving averages are piled up together, which should lend us some support on a pullback. The stock has been consolidating for a few months while the 200-DMA caught up to the stock price. There’s potential here for an explosive move now, after this triple bottom at … read more Trade Alert
X stop up to $24.69 X is currently up 45% and we remain bullish on commodities in general. However, X did put in a pretty strong Double-B top last week that could indicate at least a temporary drop. If this continues down through the 50-DMA from here we would expect a drop to at least test the 200-DMA. Therefore we’d prefer to exit on the break of the 50 and look to re-enter on a … read more Buy-and-Hold Portfolio Trade Update
Dividend Portfolio Trade Alert: Bought (5%) $1,000 (model portfolio amount) NRZ @ $10.60 We own 5% of this already. We’re upping that to 10%. Entry price is just below our first entry. Dividend yield is ~7.5% here.
Buy 15% MDT @ $133.20 Stop @ $126.49 Target @ $144.90 MDT was on our Stocks to Watch last week. Earnings were this morning before the opening bell, and provided the catalyst necessary to drive it through the ascending triangle resistance, leaving it free to climb to the next level higher.
Buy-and-Hold Portfolio Trade Alert: Bought 20% ($8,000 in model portfolio) FXI @ $40.50 Stop @ $32.88 Chinese company stocks have been hit hard the past couple of months as their government has implemented a lot of new regulation on them, seemingly out of the blue. On the face of it, regulation is bad. However, there are two sides to every story, and when you dig in you find that a lot of the regulation they … read more Buy-and-Hold Trade Alert
Bought 10% TSLA @ $707.90 Stop @ $674.49 Target @ $890.00 After pulling back sharply last week, Tesla is rallying into another fresh buy signal today, with a strong move through the rising moving averages.
Bought 15% CMCSA @ $59.66 Stop @ $57.68 Target @ $64.90 CMCSA isn’t exactly at the top of anyone’s favorite company list, but the chart is a solid setup. Ascending triangle has been brewing for a while. Now breaking out of the top side which should mean a run higher of about the same width as the current triangle. We’ll place the stop just a bit below the uptrend and continue to raise it along … read more Trade Alert
Bought 15% NFLX @ $522.00 Stop $503.95 Target @ $563.00 Netflix has been stuck in a year long range bouncing between 460 and 560. It’s right in the middle at the moment, but has a couple things going for it that we like. Fresh Wanderer buy signal today, along with rising 20- and 50-Day moving averages. When the long and short-term moving averages get piled up together like this there can often be strong moves … read more Trade Alert