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 … 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 … read more Trade Alert
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 … read more Trade Alert
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 … 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 … 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 … read more Trade Alert
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