Dividend Account Trade Alert: Bought $2,000 worth of NHI (addition to our initial $20,000 dividend portfolio) @ $66.00. In March we began our dividend trading account with a $20,000 portfolio investment. That initial amount is fully invested currently. Every six months we add $2,000 to the account. This is our trade using that first $2,000 add. Please use a limit price order with this stock. There is not a high volume of trade in this … read more Dividend Account Trade Alert
Moving stops up: AA stop moved up to $20.90 GDXJ stop moved up to $49.95 AA is now up 56% in just under a month, and certainly doesn’t appear to be stopping. There’s an aluminum can shortage, of all things, and we’re here for it. GDXJ is up 7% in a couple of days. So far at least, we bought the same day gold bottomed. We’ve been watching and waiting for the gold ICL and … read more Trade Update
Bought 15% PYPL @ $218.50 Stop @ $209.89 Target @ $256.90 This is a pretty straightforward breakout trade. Paypal was on a nice run higher following the COVID lows, then spent about 3 months consolidating around this current level. Today it is breaking out to new highs, providing us with a solid reward-to-risk trade.
Bought 15% UNH @ $345.82 Stop @ $326.90 Target @ $397.90 UNH historically sees a seasonal rally lasting 1-2 months beginning in December. We’ve been watching this chart and waiting for a fresh buy signal during this time frame and we’re getting it this morning.
Bought 20% GDXJ @ $49.65 Stop @ $47.59 Target @ $65.95 Gold is in the timing band for an ICL (intermediate cycle low). GDXJ, the junior gold miners dropped to the 200-DMA last week, and have held there for a few days now as gold itself has made a stop run right through its 200-DMA. The USD is sitting right at support, and could see a bounce here, which would pressure gold, but enough of … read more Trade Alert
Note: We are moving a lot of stops and targets here, not just one. Move stop on AA up to $19.49, and also move the target price up to $29.95 The current rally is based in large part on the possibility that there is a shortage, not in the amount of aluminum, but in the capacity to produce enough aluminum cans to meet demand. It’s quite possible that further COVID restrictions could continue to impact … read more Trade Update
Bought 15% MMM @ $171.64 Stop @ $164.90 Target @ $218.10 MMM is on a buy signal and in the midst of a long slow uptrend off the COVID lows. We expect this to test the $182.55 level as initial resistance, and if it can push through there should continue on a longer-term run up to fill the gap at $218.10. There is some continued risk in that the overall market indexes are currently pressing … read more Trade Alert
Bought 5% AA @ $14.30 Stop @ $12.99 Target @ $21.90 AA has a strong chart here, moving up above the moving averages and working on an uptrend. Steel and aluminum stocks have been decimated under the trade war with China. We expect that they’ll begin to see some relief under a Biden presidency as tensions with China cool. Of course, nothing is settled yet, and we could still see all sorts of different situations … read more Trade Alert
Move stop on 1/2 (20%) of QQQ position (total position is currently 40%) to $288.69 So we will now have 20% QQQ with a stop at $288.69 and 20% QQQ with a stop at $279.95.
Trade Alert and Update: Bought 20% QQQ @ $286.13 Stop @ $279.95 Target @ 303.90 We are also moving the stop on the initial trade in QQQ (made yesterday) up to $279.95