Trade Alert
Bought 15% JBHT @ $169.00 Stop @ $163.49 Target @ $191.90 We were knocked out of our JBHT trade the other day for a small loss as it fell back below the moving averages. It happens. But the last two days the Dow Transports sector has been turning around, as has JBHT again. We’ve got a fresh buy signal here and believe this trade is back on track for a nice run higher.
Trade Alert
Bought 15% MU @ $81.78 Stop @ $76.79 Target @ $97.50 This was on our Stocks to Watch positing yesterday: Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. After a nice long run higher, the stock, rather interestingly, came to a stop just pennies below it’s 1999 tech bubble high. It has since pulled back to the rising 200-DMA, and yesterday printed a Wanderer buy signal as it punched back … read more Trade Alert
Trade Update
Moving 3 stops up: TSLA stop up to $694.88 JBHT stop up to $164.80 NEP stop up to $77.19 All three trades are moving nicely. We’ll move stops up this morning to ensure gains on two of them, and inch the other very close to break-even.
Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert Bought 5% ABNB @ $145.73 Stop @ $118.95 AirBnB rallied quite a bit following its IPO back in December. Since tapping a high of $220 in February it has dropped back to $130 twice. Now that it’s not such a new listing any longer normal market forces should be able to establish themselves. We believe AirBnB will continue to do well this year as the world reverts at least partially back … read more Buy-and-Hold Portfolio Trade Alert
Trade Alert
Bought 15% TSLA @ $669.88 Stop @ $633.89 Target @ $860.00 As mentioned in the Stocks to Watch yesterday, Tesla is breaking out above its major moving averages this morning, with a fresh Wanderer buy signal, and what should now be significant support underneath it. There is going to be some resistance to work through still at the $700 level, but beyond that it should have a nice run ahead of it.
Trade Alert
Bought 15% CHWY @ $88.31 Stop @ $82.49 Target @ $114.90 The CHWY chart ticks a lot of boxes for us. There is a recent Wanderer buy signal, a KISS-50 bounce, rising moving averages, stock price above those moving averages, solid resistance being broken, and for some icing on the cake there is an inverted head and shoulder pattern there as well. The more pieces you can fit into the puzzle the better.
Trade Alert
Bought 15% NEP @ $75.95 Stop @ $71.19 Target @ $87.90 Nice chart here with a fresh Wanderer buy signal, rising Moving Averages, and the stock breaking out above those MAs.
Trade Alert
Bought 15% DIS @ $178.29 Stop @ $170.95 Target @ $199.90 Despite the market weakness today, DIS is holding up pretty well, and is printing a fresh Wanderer buy signal. The moving averages have all come together and are sloping higher. There is significant support underneath from the rising 200-DMA, as well as a lower triangle boundary reaching back to the beginning of the year. We expect this period of consolidation should be nearing an … read more Trade Alert
Buy-and-Hold Portfolio Trade Update
Buy-and-Hold Portfolio Update Move LIT stop up to $73.89 In addition to breaking major technical support on the both the Shanghai and the China 50 indexes, the Chinese government has repeatedly surprised the market with very heavy-handed regulatory actions. First, the market was surprised, but not really, that the government went after Jack Ma for the comments he made publicly about China’s financial system. Then, they forced Didi (think China’s Uber) to remove their app … read more Buy-and-Hold Portfolio Trade Update
Trade Alert
Bought 15% JBHT @ $167.50 Stop @ $158.90 Target @ $191.90 The Dow transports have been struggling lately while the rest of the market has moved higher. They are now printing buy signals again. If the markets do indeed hold up at these levels we think the transports are likely to play catch up.
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