Two Trades! Buy 5% BA @ $212.34 Stop $164.90 Buy 5% MJ @ $16.75 Stop @ $12.69 BA settled its latest legal issues with the Justice Department. While their challenges are not over, we do think they will, along with the airlines, continue to see a gradual return towards normalcy in 2021. Even a rather moderate move back to the $300 level would be a 40% return. We don’t think it will see its highs … read more Buy-and-Hold Portfolio Trade Alert
Moving three stop prices up this morning: Move AUY stop to $5.60 Move CDE stop to $10.39 Move STLD stop to $39.49 Three trades moving nicely for us, however the metals are acting a bit erratic right now. This is half expected as we slowly move into a daily cycle low, though, and we believe we’ll see a continued rally soon.
Buy-and-Hold Portfolio Trade Alert: Bought 5% ($2,000 of $40,000 model portfolio) SONO @ $24.31 Stop @ $18.95 SONO is a high-end wireless speaker and home sound systems company. Their IPO was in 2018 and didn’t hold up well, but was back on an uptrend when COVID hit. Along with everything else they cratered, but then recovered. Last quarter they blew away expectations at earnings, and we expect that trend will continue in 2021 as consumers … read more Buy-and-Hold Portfolio Trade Alert
Bought 15% KNX @ $42.94 Stop @ $40.65 Target @ $47.30 KNX has been on our breakout screen for the past month. With rising moving averages it’s firing off a buy signal today as it breaks through recent highs.
Bought 15% STLD @ $37.85 Stop @ $35.45 Target @ $47.90 We remain bullish in just about all the commodities, steel included. This chart gave us a nice breakout at the $35.78 level, backtested that a couple weeks ago with a drop near the rising 50-DMA (a level it has tested on numerous pullbacks the past few months), and is bouncing into a buy signal today above the 20-DMA. Nice setup with a stop below … read more Trade Alert
Buy-and-Hold Portfolio Trade Alert: TWO TRADES: Bought 5% PLL @ $29.85 Stop @ $18.49 Bought 5% XOM @ $43.02 Stop @ $29.68 PLL is a lithium trade, which by default makes it an electric vehicle play. This sector has gone a bit bonkers of late, but it’s hard to see how this sectors clock could be rolled back too far. This particular chart has a bit more resistance to work its way through again at … read more Buy-and-Hold Portfolio Trade Alert
Buy-and-Hold Portfolio Trade Alert: Bought 20% FXI @ $46.98 ($8,000 buy in $40,000 model portfolio) Stop @ $39.89 We believe the Chinese economy is due to outperform the U.S. in the coming couple of years. FXI is an etf investing in the top 50 large-cap mainland China stocks. We’ll show a couple of charts below giving our reasoning for the trade at this time: The Shanghai composite index is breaking out of a very nice … read more Buy-and-Hold Portfolio Trade Alert
Move ADBE stop up to $490.89 Move GP stop up to $25.89 Both trades have moved up nicely. We’ll follow them up a bit with our stops to guarantee a nice profit should they turn around.
Move stop on GP up to 1/2 @ $24.90 1/2 @ $23.29 GP had a huge run yesterday. We expect a lot of volatility in these types of trades and don’t necessarily want to get knocked out if it pulls back a bit one day, but we need to be sure and protect at least some profits as well. In this case, we’re going to split the stop into two levels, with stops for 1/2 … read more Trade Update
Bought 15% UNH @ $347.00 Stop @ $335.85 Target @ $389.00 UNH has been on our radar for a few weeks. Generally, at this time of year this stock has a nice rally for a couple of months. Combine that with a solid momentum buy signal like we have today, and there is no reason not to make the trade. We’ve got a rising 20 and 50-DMA showing short-term momentum, and a rising 200-DMA as … read more Trade Alert