Trade Alert
Trade Alert: Bought 5% UNG @ $23.85 Stop @ $21.59 Target @ $31.00 Trade Update: Move BCRX stop up to $13.68 Natural Gas continues to bounce off of its 200-Day moving average, which has provided very nice trade entries over the past few months. This is a very volatile commodity, however, so we will keep the trade size quite small at just 5%. BCRX continues to move our way, so we are moving the stop … read more Trade Alert
Trade Alert
Bought 15% SBUX @ $88.76 Stop @ $86.29 Target @ $99.00 The SBUX chart is printing a fresh Wanderer buy signal this morning as it passes through all of the major moving averages. It’s about to print a golden cross (50-DMA across the 200-DMA from below). Solid chart after a month of sideways bouncing around.
Trade Alert
Two Trades: Bought 15% BCRX @ $13.44 Stop @ $12.97 Target @ $16.24 Bought 15% FCX @ $30.13 Stop @ $28.69 Target @ $33.89 With the market bouncing sharply off of deep lows it is difficult to find stocks that have had any upward momentum building up to this point. BCRX is one of the few, firing off a buy signal this morning as it crosses above the rising moving averages. This chart also has … read more Trade Alert
Trade Alert
Bought 15% SPY @ $369.46 Stop @ $359.89 Target @ $389.90 Since early this morning there has been a very big reversal in the US dollar. We suspect that a temporary top may be in place, which would help power stocks higher in the short-term. We’re adding another 15% to our morning SPY trade, bringing the total position to 50%. We’ll use the same stop and target.
Trade Alert
Bought 35% SPY @ $367.55 Stop @ $359.89 Target @ $389.90 While we don’t think the market drop is ultimately finished, there is a good chance that we see a multi-day/week rally off of these support levels. The S&P is giving us a very clear Double-B chart setup here, so we’re going to initiate a position.
Trade Update
Move UNG stop up to $29.59 Natural gas is incredibly volatile at the moment. Our hope was to catch some momentum early in a move which would allow us to hang on to the trade for a couple of months. We jumped out to a 10% gain at one point yesterday, but woke this morning to NATGAS prices completely reversing overnight. We’re going to look to book some profit from the trade by moving the … read more Trade Update
Buy-and-Hold Portfolio Trade Alert
Sold MELI @ $962.90 MELI is up about 35% in two months, with the market essentially flat during the same period. We like MELI long-term, but believe we’ll get a chance to buy it back again lower.
Trade Alert
Bought 10% UNG @ $28.73 Stop @ $26.59 Target @ $40.00 As we reiterated in today’s blog post, we believe there is potential for big energy problems in Europe over the coming months. UNG is coming off of a Wanderer KISS-50 setup right now and we feel this is a solid entry to what could turn into a months long trade. Our plan with this trade is to add more to the position if it reaches … read more Trade Alert
Trade Alert
Bought 15% OIH @ $246.10 Stop @ $239.89 Target @ $284.00 We’ve got a fresh Wanderer buy signal in OIH today as the price pops off of the 50-Day Moving Average and right through the 20- and 200. This is a technical momentum trade.
Trade Alert
Bought 15% JPM @ $118.27 Stop @ $114.29 Target @ $128.90 Bought 15% TGT @ $171.78 Stop @ $165.89 Target @ $191.50 Our overall view of the current bear market remains the same (we will likely see lower lows in the weeks ahead), however, during bear markets there are always a number of rallies that can be traded. Yesterday the markets had a nice day, and this morning, after gapping lower at the open, they … read more Trade Alert
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