There are six stop updates in this Buy-and-Hold portfolio trade update. Please be sure to scroll through all of them and update your trades. BCRX stock is under pressure here due to some news about a possible competitor. While that competitor is many years away from bringing a drug to market, that hasn’t stopped the market from reacting. If support gives way we’ll take profit at $13.89 (about +25% from our $11.00 entry) and look … read more Buy-and-Hold Portfolio Trade Update
Bought 10% BIDU @ $205.10 Stop @ $190.95 Target @ $278.21 BIDU appears to have put in a bottom, with a recent Wanderer buy signal and a move back above the moving averages which have converged and should provide strong support on any pullback. There’s a gap to fill at $236.84 which should act as a magnet for an initial target price, though we believe it could move higher from there.
Bought 15% QCOM @ $137.78 Stop @ $132.90 Target @ $161.80 Since an earnings disappointment back in February that caused the stock to gap lower QCOM has been consolidating. With a fresh Wanderer buy signal and the consolidation of the moving averages we believe there’s a good chance this begins to run higher again. We’re buying this above the 200-DMA and will use the 20-, 50-, and 200-DMAs as support above our stop price. The … read more Trade Alert
Move AAPL stop up to $130.43 Apple is moving our way and we’re going to move the stop up to break-even this morning. Move MSFT stop up to $262.29 Move MSFT target up to $277.90 Microsoft is approaching our original target, but with this recent breakout, and the strength in the market we’re going to move both the target and the stop quite a bit higher this morning to try and capture more profit.
Bought 10% IQ @ $14.95 Stop @ $14.19 Target @ $19.90 Note: 10% trade size. IQ is a Chinese internet company, often referred to as the Netflix of China. The big drop in March was due to a large American hedge fund blowing up, and this is one of the stocks it was heavily involved in. China’s markets have been coming back to life the last couple of days and look poised to rally. IQ … read more Trade Alert
Bought 5% PLUG @ 32.25 Stop @ $27.79 Target @ $47.90 Note: this is just a 5% size trade. High risk, high reward % trade. The EV sector was beaten down pretty well lately. PLUG has been recovering nicely and printed a fresh Wanderer buy signal yesterday, before pulling back a bit this morning. Nice support underneath us now with all the moving averages nearby. We’d like to see if this recovery has legs, but … read more Trade Alert
Bought 15% NUE @ $96.20 Stop @ $92.59 Target @ $110.97 NUE is a steel stock. We remain bullish commodities. During last week’s commodity pullback many steel stocks dropped back to their 50-DMA. Yesterday saw a swing low reversal, giving us a strong Wanderer KISS-50 trade setup with very good reward-to-risk.
Bought 15% AAPL @ $130.43 Stop @ $123.90 Target @ $145.09 Apple has been riding up a nice trend since last summer. The moving averages have converged nicely during this latest period of consolidation. With the Fed meeting out of the way, we think markets will likely stabilize and begin to climb again. Apple has strong support underneath and should be able to continue higher from here. We’ve got a target of the old high, … read more Trade Alert
Moving 3 stop prices higher today: MXIM stop up to $101.29 MSFT stop up to $250.98 MDLZ stop up to $62.79 The Federal Reserve is meeting and we will be getting a statement today at 2:00 followed by a news conference with Jerome Powell shortly after. These are very likely to move the markets, though it’s anyone’s guess whether they can thread the needle with their words, in order to not spook the market and … read more Trade Update
Bought 5% ($2,000 in model portfolio) TSM @ $120.59 Stop @ $102.95 Taiwan Semiconductor is the world’s largest outsourced foundry of logic semiconductor chips. This trade has been on the radar since a March Stocks to Watch post. From Bloomberg in April: “Taiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand its chip fabrication capacity, a staggering financial commitment to address booming demand for new technologies. TSMC, the world’s … read more Buy-and-Hold Portfolio Trade Alert