Moving two stops up: Move stop on AFL up to $47.91 Move stop on KHC up to $36.93 Markets have really been struggling the past couple of weeks and have fallen below key levels of support. Our trades have held up well in the face of the tech fueled drop, but this is showing some signs of potential for a further market-wide selloff. In the event this does build further we’ll want to reduce our … read more Trade Update
Bought 15% GE @ $13.51 Stop @ $12.95 Target @ $18.59 Purely a technical breakout trade. High reward-to-risk. This one doesn’t have much in the way as far as resistance goes. After a number of tests of the $13.25 level, the stock is breaking out cleanly today. Success could likely hinge on whether the overall market firms up, allowing the breakout to gain some momentum.
Bought 5% DKNG $64.84 Stop @ $43.90 DKNG is an online sports gambling company. With more and more legalization this sector appears poised for significant upside. We’ve got a nice breakout entry here and with all of the moving averages rising up underneath we think this will perform well in the coming year.
Bought 15% MMM @ $178.45 Stop @ $171.89 Target @ $218.09 MMM has been in a fairly steady uptrend since the COVID lows. It spiked last month after earnings, dropping back to the 50-DMA. It’s now flipped back to a Wanderer buy signal after a straightforward Wanderer KISS-50 setup. This will have a bit of work to do to punch through resistance in the $182 area, but once past there should have pretty clear sailing … read more Trade Alert
Bought 5% X @ $18.50 Stop @ $11.30 We remain bullish commodities and expect to see a continued recovery over the next year or two.
Bought 10% TOT @ $46.76 Stop @ $43.29 Target @ $56.90 TOT is another energy play giving us a strong breakout above resistance.
Bought 15% KHC @ $36.93 Stop @ $35.89 Target @ $47.84 KHC had a strong breakout move a few days ago. Now with the weak markets today it gave us the backtest of the breakout. We’ve got a buy signal, rising moving averages and a break above strong resistance. Additionally, we’ve got high reward-to-risk at this level with a gap to fill up above, and a stop back below the breakout level very close.
Move VLO stop up to $71.49 Move VLO target up to $99.90 VLO has quickly approached our original target. We are still quite bullish on the energy sector as a whole, and while we still expect some resistance at the $77 level, we think if it can push through there it could still have significant upside potential.
Bought 15% X @ $18.97 Stop @ $17.39 Target @ $24.71 We remain bullish commodities, and X is coming off a nice pullback to support, and subsequent pop back above the moving averages, along with a Wanderer Indicator buy signal on Friday.
Bought 15% AFL @ $47.91 Stop @ $45.34 Target @ $54.99 AFL is giving us a nice clean breakout here, with very little in the way of resistance between here and the pre-COVID levels. This trade ticks a lot of boxes for us, as it is coming right off of a pullback tap of the rising 50-DMA and has a fresh Wanderer buy signal.